Category: Economics Current Affairs

Africa’s First Transmission PPP Project.: Power Grid Corporation of India Limited (POWERGRID) has signed a Joint Development Agreement with Africa50, the pan-African infrastructure investment platform to continue to develop the Kenya Transmission Project on a public-private partnership (PPP) basis, Africa’s first transmission PPP project. The project entails the development, financing, construction, and operation of the […]

Academic Bank Of Credit: The government has brought the IITs, IIMs and other Institutions of National Importance (INIs) under the Academic Bank of Credit (ABC) framework, which allows students to pursue up to 50 per cent of a course from institutions other than the one with which they are enrolled. Academic Bank of Credit (ABC) […]

National Atlas And Thematic Mapping Organisation (NATMO): Visually challenged students from all over the country will have the access soon to Braille Maps designed and developed using Digital Embossing Technology, enabling them for ease of use, user friendly, better feeling and durable in terms of quality. The digital embossing technology is a technology which eliminates […]

Least Developed Country’ (LDC) Status: Concerns have been raised at the World Trade Organization (WTO) over the ‘least developed country’ (LDC) status, with Bangladesh potentially losing this tag after surpassing India in terms of GDP per capita. The WTO recognises LDCs relying on a classification by the UN based on a criteria that is reviewed […]

First Advance Estimates Of GDP: The Ministry of Statistics and Programme Implementation (MoSPI) released the First Advance Estimates (FAE) for the current financial year (2021-22). According to MoSPI, India’s Gross Domestic Product (GDP) will grow by 9.2% in 2021-22. First Advance Estimates of GDP first introduced in 2016-17, are typically published at the end of […]

Asian Infrastructure Investment Bank (AIIB): Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed vice-president of the Beijing-based Asian Infrastructure Investment Bank (AIIB). Mr.Patel will serve a three-year term as one of the multilateral development bank’s five vice-presidents. Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to […]

India To Become Asia’s Second-Largest Economy By 2030: According to the Information Handling Services (IHS) Markit report, India is likely to overtake Japan as Asia’s second-largest economy by 2030. Currently, India is the sixth-largest economy, behind the U.S., China, Japan, Germany and the U.K. IHS Markit is a global leader in information, analytics and solutions […]

Domestic Systemically Important Banks (D-SIBs): Reserve Bank of India has released its list of Domestic Systemically Important Banks (D-SIBs) in 2021. It has identified the state-owned lender State Bank Of India and the private lenders ICICI Bank and HDFC Bank as systemically important banks, which are perceived as banks, ‘too big to fail’. The system […]

Airtel Payments Bank Is Now A Scheduled Bank: The Reserve Bank of India (RBI) has announced the inclusion of Airtel Payments Bank Ltd. in the Second Schedule to the Reserve Bank of India Act, 1934. With this, the bank can now pitch for government-issued Requests for Proposals (RFP) and primary auctions and undertake both Central […]