India’s Third-Largest Export Market In The Fiscal Year 2023–24 : Netherland The Netherlands became India’s third-largest export market in the fiscal year 2023–24, after the US and the UAE. This was the case even though India’s total exports of goods fell by 3%, according to reports from the Commerce Ministry. This rise has been emphasized […]
Category: Economics Current Affairs
Wheat Imports : After 6 Years Gap
Wheat Imports : After 6 Years Gap India, the world’s second-largest wheat producer, plans to begin wheat imports after a six-year gap to replenish depleted reserves and control rising prices, driven by three consecutive years of disappointing crops. New Delhi is expected to abandon a 40% tax on wheat imports this year paving the way […]
Greedflation
Greedflation: Several argue that inequality harms democratic processes. Some inequality, others argue, is actually beneficial, since it acts as an incentive to entrepreneurs to start businesses. Greedflation refers to a scenario where inflation in an economy is driven by corporate greed to make a profit rather than an increase in the cost of production, demand, […]
Bank Clinic Launched : All India Bank Employees’ Association
Bank Clinic Launched : All India Bank Employees’ Association The All India Bank Employees’ Association (AIBEA) has launched the “Bank Clinic” initiative to assist bank customers with grievance redressal. Bank Clinic is an initiative by the All India Bank Employees’ Association (AIBEA), aims to assist bank customers with grievance redressal amid the rapid expansion of […]
External Commercial Borrowings : Study
External Commercial Borrowings : Study Registrations by Indian companies for External Commercial Borrowings (ECBs) almost doubled to $49.2 billion in the financial year 2023-24 (FY24) from $26.6 billion in FY23, according to data from the RBI. External Commercial Borrowings (ECBs) refer to the borrowing of funds by Indian companies from foreign sourcesin the form of […]
Framework Or Recognising Self-Regulatory Organisation For The FinTech Sector (SRO-FT) : RBI
Framework Or Recognising Self-Regulatory Organisation For The FinTech Sector (SRO-FT) : RBI The Reserve Bank of India (RBI) recently issued the Framework for Recognising Self-Regulatory Organisation for the FinTech Sector (SRO-FT) for better self-governance and compliance by firms in this space. The framework defines fintech as entities providing technological solutions for delivery of financial products […]
New System To Identify Scam/Fraud Calls
New System To Identify Scam/Fraud Calls: Department of Telecom (DoT) recently introduced a new tool to identify genuine calls from those made by fraudsters. The DoT has allocated a dedicated 10-digit numbering series starting with 160 for service and transactional calls made by the government, regulators, and financial entities. These 10-digit numbers will include additional […]
RBI New Initiatives
RBI New Initiatives: RBI Governor recently unveiled three major initiatives of the Reserve Bank, namely the Pravaah portal, the Retail Direct Mobile App and a FinTech Repository. Pravaah Portal: Pravaah (Platform for Regulatory Application, Validation, and AutHorisation) is a secure and centralised web-based portal for any individual or entity to seek authorisation, license, or regulatory […]
ZiG : Reserve Bank Of Zimbabwe
ZiG : Reserve Bank Of Zimbabwe To address its long-standing economic instability, the Reserve Bank of Zimbabwe (RBZ) has launched a new gold-backed currency called the ZiG. The Zimbabwe Gold (ZiG) is a new gold-backed currency launched by Zimbabwe. The ZiG, now the sixth currency used by Zimbabwe, has been in circulation since April 5, […]
Business Responsibility And Sustainability Reporting Initiative
Business Responsibility And Sustainability Reporting Initiative: Delhi-based think tank Centre for Science and Environment (CSE) welcomed the Business Responsibility and Sustainability Reporting (BRSR) initiative by the Securities and Exchange Board of India (SEBI). Business Responsibility and Sustainability Reporting Initiative is a mandatory disclosure mechanism for top 1000 listed companies or businesses to report their performance […]
