World Trade Organization (WTO) Has Ruled Against India’s Sugar Subsidies: A panel set up by the Dispute Settlement Body (DSB) of the World Trade Organization (WTO) has ruled against India’s sugar subsidies. It has asked it to “withdraw its prohibited subsidies under the Production Assistance, the Buffer Stock, and the Marketing and Transportation Schemes within […]
Category: Economics Current Affairs
Foreign Direct Investment (FDI) Inflow 2020-21
Foreign Direct Investment (FDI): India has registered the highest ever annual Foreign Direct Investment (FDI) inflow of 81.97 billion dollar in 2020-21. Commerce and Industry Ministry said, FDI inflows in the last seven financial years is over 440 billion dollar, which is nearly 58 percent of the total FDI inflow in last 21 financial years. […]
What is VIHANGAM Platform?
VIHANGAM: An internet-based platform called ‘VIHANGAM’ integrated with a Remotely Piloted Aircraft System (RPAS) at Mahanadi Coalfields Limited (MCL) was inaugurated. Mahanadi Coalfields Limited: It is one of the major coal producing companies of India. It is one of the eight subsidiaries of Coal India Limited. MCL was the first coal company to introduce environment-friendly […]
Incentive on RuPay Debit Card And BHIM UPI Transactions
RuPay Debit Card And BHIM UPI: The Union Cabinet announced that it has approved a scheme to provide incentives of small amounts for transactions done through the RuPay Debit Card and BHIM UPI. This will incur an expense of around ₹1,300 crores. The Government will reimburse transaction charges levied on digital payments made by persons […]
International Monetary Fund on Regulating Cryptocurrency
Cryptocurrency: International Monetary Fund (IMF) Chief Economist has made a strong case for regulating cryptocurrencies, saying it will always be a challenge to ban them as they operate from offshore exchanges; and feels it to be more attractive to adopt cryptocurrencies and assets in emerging economies than in advanced economies A cryptocurrency is a digital […]
The State Of The World’s Land And Water Resources For Food And Agriculture: FAO Report
The State Of The World’s Land And Water Resources For Food And Agriculture: As per the recently released, ‘The State of the world’s land and water resources for food and agriculture (released by FAO)’, water and land resources are being pushed to limits due to human actions. Highlights of the report: Sources of fodder (grassland […]
RBI Allows Payments Banks, Small Finance Banks To Conduct Govt Agency Business
RBI Allows Payments Banks, Small Finance Banks To Conduct Govt Agency Business: It will be subject to the condition that the concerned bank is not under the Prompt Corrective Action (PCA) framework or moratorium. The choice of accrediting an agency bank (including scheduled private sector agency bank) for any particular government agency business rests solely […]
Deposit Insurance And Credit Guarantee Corporation (DICGC) Bill, 2021
Deposit Insurance And Credit Guarantee Corporation (DICGC) Bill, 2021: The Prime Minister said that Rs 1,300 crore had been paid to over 1 lakh depositors who could not access their money as their banks faced financial crises. The deposits worth Rs 76 lakh crore were insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) […]
What is Wholesale Inflation?
Wholesale Price Index: Wholesale inflation, based on the Wholesale Price Index, jumped to 14.23 per cent in November from 12.54 per cent in October (on a year-on-year basis), data released by the Ministry of Commerce & Industry showed. It was primarily due to rise in food prices especially of vegetables, and minerals and petroleum products […]
What is the Co-Lending Model?
Bank NBFC: A November 2020 decision by the Reserve Bank of India (RBI) to permit banks to “co-lend with all registered NBFCs (including HFCs) based on a prior agreement”, has led to unusual tie-ups like the one announced earlier this month between the State Bank of India (SBI) and Adani Capital The ‘Co-Lending Model’ In […]
