National Curriculum Framework: Union Education Minister will be launching the Mandate Document of National Curriculum Framework (NCF) on 29th April, 2022. The National Education Policy (NEP), 2020 recommends the development of National Curriculum Frameworks (NCF) in four areas- School Education, Early Childhood Care and Education (ECCE), Teacher Education and Adult Education. For providing inputs for […]
Category: Economics Current Affairs
India’s Labour Force Participation Rate
India’s Labour Force Participation Rate: Data from the Centre for Monitoring Indian Economy (CMIE) shows that India’s Labour Force Participation Rate (LFPR) has fallen to just 40% from an already low 47% in 2016. This suggests not only that more than half of India’s population in the working-age group (15 years and older) is deciding […]
India Post Payments Bank
India Post Payments Bank: The union cabinet has approved ₹820 crore financial support for India Post Payments Bank. IPPB was launched by the Prime Minister in 2018 with 100% equity owned by the Government of India. It is a payments bank of the Indian postal department which works through a network of post offices and […]
International Finance Corporation
International Finance Corporation: The Medical Education and Drugs Department (MEDD) and International Finance Corporation (IFC) have joined forces to prioritise health care projects with emphasis on Medical Education under the public-private partnership (PPP) model in Maharashtra. IFC will be the transaction advisor for the PPPs to develop super-specialty hospitals and medical education facilities across the […]
Household Consumer Spending Survey
Household Consumer Spending Survey: The All-India Household Consumer Expenditure Survey is usually conducted by the National Statistical Office (NSO) every five years. It is designed to collect information on the consumption spending patterns of households across the country, both urban and rural. The data gathered in this exercise reveals the average expenditure on goods (food […]
Regulatory Framework For Special Purpose Acquisition Companies
Regulatory Framework For Special Purpose Acquisition Companies: The government is reportedly considering a regulatory framework for special purpose acquisition companies (SPACs). An SPAC, or a blank-cheque company, is an entity specifically set up with the objective of acquiring a firm in a particular sector. An SPAC aims to raise money in an initial public offering […]
Announcement On Setting Up 75 Digital Banking
Announcement On Setting Up 75 Digital Banking: Finance Minister Nirmala Sitharaman has reiterated her Budget announcement on setting up 75 digital banking units in 75 districts of the country this year. This is to take forward the government’s agenda of digital financial inclusion. Digital banking involves taking all traditional banking activity online — doing away […]
International Financial Services Centres Authority
International Financial Services Centres Authority: International Financial Services Centres Authority (IFSCA), has notified a comprehensive regulatory framework for Investment Funds in the official gazette on April 19, 2022. Registering the Fund Management Entity: A Fund Management Entity will be registered with IFSCA and will be able to manage different types of funds and schemes subject […]
Fincluvation
Fincluvation: India Post Payments Bank (IPPB), a 100% government owned entity under Department of Posts (DoP) announced the launch of Fincluvation– a joint initiative to collaborate with Fintech Startup community to co-create and innovate solutions for financial inclusion. Fincluvation is an Industry first initiative to create a powerful platform to mobilize the start-up community towards […]
Marginal Cost Of Funds-Based Lending Rates Raised
Marginal Cost Of Funds-Based Lending Rates Raised: State Bank of India (SBI) raised the marginal cost of funds-based lending rates (MCLR) for the first time in three years, signalling that the soft rates regime that has prevailed since 2019 may be over. SBI raised the MCLR by 10 basis points (bps) across tenures to 7.1% […]
