Category: Economics Current Affairs

Risk Manager Of The Year 2024 : RBI The Reserve Bank of India (RBI) was presented with the “Risk Manager of the Year Award” by Central Banking, a distinguished organization that is headquartered in London, United Kingdom. This honor emphasizes the efforts that the Reserve Bank of India (RBI) has made to strengthen its risk […]

Hawkish Economic Policy: As the US heads for a presidential election in November, the Federal Reserve, the country’s central bank, has signaled that it is unwilling to let interest rates soften in a hurry. Hawkish economic policy refers to a stance taken by central banks or other economic policymakers that emphasizes the importance of controlling […]

General Anti-Avoidance Rule: The Telangana High Court has ruled against a taxpayer against whom the revenue department had invoked the General Anti-avoidance Rule (GAAR). GAAR is an anti-tax avoidance law in India to curb tax evasion and avoid tax leaks. It came into effect on 1st April 2017. The GAAR provisions come under the Income […]

Authorised Economic Operators Programme: The gem and jewellery sector has been granted Authorised Economic Operator (AEO) status by the Ministry of Finance, easing export-import processes with shorter cargo release times and reduced bank guarantees. Authorised Economic Operators Programme: The Authorised Economic Operator (AEO) programme is a global initiative launched in 2007 under the World Customs […]

India Exim Bank Opens Nairobi Office To Boost East Africa Trade: The Export-Import Bank of India (India Exim Bank) recently opened its East Africa Representative Office in Nairobi, Kenya. This is part of a plan to grow its business around the world. The goal of this project is to improve India’s trade and business ties […]

Sebi Wins ‘Best Business Regulator’ Award In Asia Pacific: According to The Asian Banker, the Securities and Exchange Board of India (SEBI) was recently given the “Best Conduct of Business Regulator” award for the Asia-Pacific area. This award, which was given in an event in Hong Kong, shows how important SEBI has been in improving […]

India’s Foreign Exchange Reserves Hit Record $651.5 Billion: With $651.5 billion in foreign exchange reserves by May 31, 2024, India had the highest amount of foreign exchange reserves ever. Positive changes in trade, remittances, and foreign investments have helped India’s external industry reach a strong point. The Reserve Bank of India (RBI) says that service […]

Capital Account Convertibility: To stay “future-ready” for India’s fast-growing economy, the Reserve Bank of India (RBI) has set aspirational goals: capital account liberalization, internationalization of the Indian rupee (INR), universalizing digital payments, and globalizing India’s financial sector over a multi-year timeframe. Capital Account Convertibility: Balance of Payments Account: It is a statement of all transactions […]

Sticky Inflation: Sticky inflation has dashed the hopes of early rate cuts with experts now pencilling in repo rate cuts by the RBI from December this year. Economists expect a shallow rate cut cycle with RBI likely to lower the repo rate by 75 – 100 basis points. Sticky Inflation refers to a phenomenon where […]