Category: Economics Current Affairs

Unicorn Startup : Declined Sharply In 2023 According to a recent report, new additions to the unicorn list declined sharply in 2023, indicating a slowdown in the Indian startup ecosystem. The term unicorn refers to a privately held startup company with a value of over $1 billion. It is commonly used in the venture capital […]

CHAMPIONS 2.0 Portal: On the occasion of International MSME Day, the Ministry of Micro, Small & Medium Enterprises, MSME launched ‘CHAMPIONS 2.0 Portal. Champions portal is a single-window grievance redressal portal for Micro, Small & Medium Enterprises. The CHAMPIONS stands here for the Creation and Harmonious Application of Modern Processes for Increasing Output and National […]

Udyami Bharat-MSME Day: Udyami Bharat-MSME Day is an important occasion that highlights the achievements and potential of Micro, Small, and Medium Enterprises (MSMEs) in India. This year, the event celebrated on June 27, bringing together key stakeholders from the government and the MSME sector. The Udyami Bharat-MSME Day event will take place at Vigyan Bhavan […]

Employees Provident Fund Organisation : Extended The deadline For Members The Employees’ Provident Fund Organisation (EPFO) has extended the deadline for members and pensioners to apply for higher Provident Fund (PF) pensions till July 11. Employees’ Provident Fund Organisation (EPFO) is a statutory bodythat came into existence under the Employees’ Provident Fund and Miscellaneous Provisions […]

Liberalised Remittances Scheme : Reserve Bank Of India Twenty per cent tax on Liberalised Remittances Scheme (LRS) of the Reserve Bank of India is set to kick off soon. Liberalised Remittances Scheme (LRS) allows Indian residents to freely remit up to USD $250,000 per financial year for current or capital account transactions or a combination […]

Riot Provision Of The Reserve Bank Of India : Manipur The Manipur government has invoked the Riot Provision of the Reserve Bank of India (RBI) in response to a Grave Situation in the State marked by riots and violence. The order acknowledged the borrowers’ inability to repay loans due to the crisis and sought relief […]

Grievance Redressal Assessment And Index (GRAI) 2022: The Union Minister of Public Grievances, and Pensions, launched the Grievance Redressal Assessment and Index (GRAI) 2022. Grievance Redressal Assessment and Index (GRAI) 2022 was conceptualised and designed by the Department of Administrative Reforms and Public Grievances (DARPG), Govt. of India. Objective is to present an organisation-wise comparative […]

Skill Impact Bond Initiative: Under the Skill Impact Bond (SIB) initiative, nearly 18,000 first-time job seekers have been skilled, with 72% of them being women The Skill Impact Bond (SIB) is India’s first development impact bond for skilling and employment. Launched by the National Skill Development Corporation (NSDC) in collaboration with global partners Aim is […]

Execution Only Platform: The Securities and Exchange Board of India (SEBI) directed existing Mutual Funds ‘Execution-Only Platforms’ (EOPs) to obtain registration within three months. Execution only platform (EOP )is a digital or online platform which facilitates transactions such as subscription, redemption and switch transactions in direct plans of schemes of mutual funds. Mutual funds is […]