Monetary Policy Committee: RBI The Monetary Policy Committee (MPC) of the Reserve Bank of India’s (RBI) noted that the central bank’s accommodative policy stance may fail to comply with the Inflation target (upper limit of 6%). An accommodative stance indicates a willingness on the part of the central bank to expand money supply and cut […]
Category: Economics Current Affairs
What is Predatory Pricing?
Predatory Pricing: The Competition Commission of India (CCI) has dismissed allegations of predatory pricing against e-commerce platform Shopee arguing that Shopee did not hold significant market power as it is a relatively new entrant in a market with well-established players. Predatory pricing is the illegal act of setting prices low to attempt to eliminate the […]
FDI Limit Under Automatic Route In LIC
FDI Up To 20% Under The “Automatic Route” In LIC: The Union Cabinet cleared an amendment to the FDI Policy to allow Foreign Direct Investment (FDI) up to 20% under the “automatic route” in Life Insurance Corporation (LIC) ahead of its proposed Initial Public Offer (IPO). The government expects to mobilize Rs 63,000-66,000 crore from […]
Asian Infrastructure Investment Bank (AIIB)
Asian Infrastructure Investment Bank (AIIB): The Beijing-based Asian Infrastructure Investment Bank (AIIB) said it was putting on hold and reviewing all projects in Russia and Belarus. The move comes amid sweeping sanctions and other financial measures aimed at Russia from a number of countries over its invasion of Ukraine. AIIB is a multilateral development bank […]
One Rank One Pension (OROP) Policy
One Rank One Pension (OROP) Policy: The Supreme Court asked the Centre to show how many persons in the Armed forces have benefitted from ‘One Rank One Pension’ (OROP) policy. The court also said that Centre’s stand on OROP presented a much “rosier picture” than what is actually given to the pensioners of the Armed […]
Radio Frequency Identification (RFID): Indian Army
Implementation Of Radio Frequency Identification (RFID): The Indian Army commenced implementation of Radio Frequency Identification (RFID) tagging of its ammunition inventory. Earlier in 2021, the Union Government integrated the E-Way Bill (EWB) system with FasTag and RFID. RFID is a type of passive wireless technology that allows for tracking or matching of an item or […]
Madhabi Puri Buch: New Chairperson of SEBI
Madhabi Puri Buch: First Woman To Head The Market Regulator Madhabi Puri Buch, former whole-time member of the Securities and Exchange Board of India (SEBI), has been appointed as its new chairperson — the first woman to head the market regulator. She will hold the position for three years. Earlier in January 2022, SEBI launched […]
Indian Economic Growth Estimation 2022
Indian Economic Growth Estimation: India’s gross domestic product (GDP) is estimated to grow at 8.9% in 2021-22 instead of the 9.2% estimated earlier, with year-on-year growth during October-December 2021 slipping to 5.4% from 8.5% in the previous quarter, as per the second advance national income estimates released. Gross Value-Added (GVA) in the economy is […]
What Are Market Infrastructure Institutions?
What Are Market Infrastructure Institutions? Securities and Exchange Board of India (SEBI) noted that the National Stock Exchange (NSE), the country’s largest equities and derivatives exchange is a systemically important market infrastructure institution (MII). MIIs: Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nation’s […]
Change in India’s FDI Policy for IPO of LIC
Changes To India’s Foreign Direct Investment Policy: The Union Cabinet approved changes to India’s foreign direct investment (FDI) policy to allow global investors to participate in the initial public offering of Life Insurance Corporation of India (LIC) shares expected to be launched soon. Foreign investors will now be able to invest up to 20% […]
