Monetary Policy Review: RBI The Reserve Bank of India (RBI) in its latest Monetary Policy review has decided to keep the main policy rate – Repo rate – unchanged at 4%. It has also retained its accommodative stance, but indicated it will engage in a gradual and calibrated withdrawal of surplus liquidity to rein in […]
Category: Economics Current Affairs
National Pension System
National Pension System: Many states are demanding to restore the Old Pension Scheme and roll back the National Pension System (NPS). Rajasthan has said it will bring back the old pension scheme in the state from the next financial year, and Chhattisgarh is expected to follow suit. Governments of Kerala, Andhra Pradesh, and Assam have […]
Interest Rates Unchanged On Small savings Schemes
Interest Rates Unchanged On Small savings Schemes: The government has kept interest rates unchanged on Small savings Schemes, including NSC (National Savings Certificate) and PPF (Public Provident Fund) for the first quarter of 2022-23 (April-June) due to an elevated level of inflation. Small Saving Schemes are the major source of household savings in India and […]
What Is Shrinkflation?
What Is Shrinkflation? Due to rising costs many companies are practising “Shrinkflation”. Shrinkflation is the practice of reducing the size of a product while maintaining its sticker price. It is a form of hidden inflation. Raising the price per given amount is a strategy employed by companies, mainly in the food and beverage industries, to […]
Tax On Lotteries
Tax On Lotteries: The Supreme Court has held that a lottery conducted by Government of India, states or authorised by a state or conducted by private entities is an activity falling within the nomenclature of ‘betting and gambling’. And hence, the State Legislature has the competence to tax lottery scheme which is gambling being conducted […]
Reserve Bank Innovation Hub: Bengaluru
Reserve Bank Innovation Hub: Bengaluru The Reserve Bank of India (RBI) governor inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru. It has been set up as a Section 8 company under the Companies Act, 2013 with an initial capital contribution of Rs. 100 crore. It is is a wholly owned subsidiary of the RBI. […]
Labour-Intensive Bharatiya Economic Model : RSS
Labour-Intensive Bharatiya Economic Model : RSS The RSS has passed a resolution calling for a labour-intensive Bharatiya Economic Model in view of rising unemployment in the country. Society must come forward and participate in building an Atmanirbhar Bharat where the economic model is based on Indian values. The model should be human-centric, labour intensive, eco-friendly […]
New Microfinance Lending Norms: RBI
New Microfinance Lending Norms: RBI RBI has released new microfinance lending norms. As per these norms: All entities, banks, non-banking financial companies (NBFCs), and microfinance institutions (MFIs) are subject to the same regulations. A microfinance loan is defined by the RBI as a ‘collateral-free’ loan granted to a household with an annual household income of […]
The Global Entrepreneurship Monitor Project
The Global Entrepreneurship Monitor Project: The Global Entrepreneurship Monitor (GEM) is an international project which seeks to provide information on the entrepreneurial landscape of countries. GEM carries out survey-based research on entrepreneurship and entrepreneurship ecosystems around the world and is being led by Entrepreneurship Development Institute of India, Ahmedabad. As per Global Entrepreneurship Monitor (GEM) […]
Non-Performing Assets of MSMEs Due to COVID-19
What Is a Non-Performing Asset? Despite a host of loan restructuring schemes and packages announced by the Reserve Bank of India (RBI) and the government, the Covid pandemic has hit the Micro, Small and Medium Enterprises (MSMEs) very hard. Gross Non-Performing Assets (NPAs) of MSMEs, or loans defaulted by these enterprises, rose by Rs 20,000 […]
