External Debt To GDP Ratio: The external debt to GDP ratio declined to 18.7% at the end of March 2024 from 19.0% at the end of March 2023. India’s external debt reached $663.8 billion by the end of March 2024, marking a 6% increase (approximately $39.7 billion) compared to March 2023. The external debt-to-GDP ratio […]
Category: Economics Current Affairs
ULLAS-Nav Bharat Saaksharta Karyakram
ULLAS-Nav Bharat Saaksharta Karyakram: Ladakh has become the first administrative unit to achieve full functional literacy under the ULLAS-Nav Bharat Saaksharta Karyakram (New India Literacy Program). The Understanding Lifelong Learning for All in Society (ULLAS) is a centrally sponsored scheme implemented from 2022-2027. The scheme aligns with the recommendations of the National Education Policy (NEP) […]
India’s External Debt : Update
India’s External Debt : Update India’s external debt was placed at $663.8 billion, an increase of US$ 39.7 billion over its level at end-March 2023, informed the Reserve Bank of India recently. At end-March 2024, India’s external debt was US$ 663.8 billion, an increase of US$ 39.7 billion over its level at end-March 2023. The […]
53rd GST Council Meeting
53rd GST Council Meeting: The 53rd meeting of the Goods and Services Tax (GST) Council has approved several measures to ease compliance for small businesses, exempting hostel accommodation, Railway services etc. It also agreed to reconvene in August 2024 to discuss restructuring the multiple tax rates under the seven-year GST. Key Highlights of the 53rd […]
Priority Sector Lending
Priority Sector Lending: The RBI recently revised its priority sector guidelines to encourage banks to provide small loans in economically disadvantaged districts with low average loan sizes. Priority Sector Lending (PSL) is a lending requirement administered by the RBI, requiring banks to give a minimum proportion of their loans to sectors of development importance or […]
Gender-Neutral School Textbooks
Gender-Neutral School Textbooks: Kerala’s government is promoting gender neutrality by revamping school textbooks to depict men and other family members participating in domestic chores, breaking traditional gender stereotypes. This initiative aims to foster inclusivity among children from an early age. New instructional materials, featuring fathers engaged in kitchen activities traditionally associated with women The initiative […]
Digital Payments Intelligence Platform : RBI
Digital Payments Intelligence Platform : RBI The RBI has formed a committee chaired by A.P. Hota to explore a proposal to set up a Digital Payments Intelligence Platform that will harness advanced technologies to mitigate payment fraud risks. Domestic payment frauds surged by 70.64% to Rs 2,604 crore in the six months ending March 2024, […]
Removal Of Angel Tax
Removal Of Angel Tax: Amid a sharp decline in funding for startups and consequent job losses, Indian Inc has sought the removal of Angel Tax that has been a subject of heated debate between the industry and the government ever since the scope of the controversial tax was expanded in the Finance Bill 2023. The […]
Risk Manager Of The Year 2024 : RBI
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
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 […]
