Mutual Fund Systematic Investment Plan (SIP) : Increase In Collection (2022) Mutual Fund’s SIP collection jumps 31% to ₹1.5 lakh cr. in 2022 on account of higher retail participation, data with the Association of Mutual Funds in India (AMFI) showed. Contributions to mutual fund schemes through systematic investment plans, or SIPs, remain unfazed from the […]
Category: Economics Current Affairs
Ceiling Fans: Mandatory Star Labelling
Ceiling Fans: Mandatory Star Labelling Ceiling fans have come under the ambit of mandatory star labelling from January 1, as per the revised Bureau of Energy Efficiency (BEE) norms. As high energy-efficient five-star rated fans will require new imported motors and electronic components, they would get costlier by 8% to 20% Star labelling denotes energy […]
Reports On Child Mortality And Stillbirths
Reports On Child Mortality And Stillbirths: Two global reports on child mortality (Levels and Trends in Child Mortality) and stillbirths (Never Forgotten) were released by United Nations Inter-agency Group for Child Mortality Estimation (UN IGME). Findings of the Report: Globally, 5 million children died before their fifth birthday (under-five mortality) in 2021. Over half of […]
India Forex Reserves : Highlights
India Forex Reserves : Highlights After 3 consecutive years of rise, India’s forex reserves declined by $70 bn in 2022 on account of rising inflation and interest rates. This decline can be primarily about 55-60% of total loss attributed to the valuation loss of other foreign currencies (€, £, ¥) against USD that India held […]
New Umbrella Entity (NUE) Network : RBI
New Umbrella Entity (NUE) Network : RBI RBI is said to have put on hold licensing of the New Umbrella Entity (NUE) network, a fintech institution planned as a rival to the National Payments Corporation of India (NPCI). Six groupings, which included Facebook, Google, Amazon, Flipkart and others, had applied for NUE licences, but none […]
76th Foundation Day Of BIS
76th Foundation Day Of BIS: The 76th Foundation Day of Bureau of Indian Standards (BIS) was celebrated in New Delhi and various initiatives were launched by the Ministry of Consumer Affairs, Food & Public Distribution. Initiatives Launched: Portal for Mapping of Industrial Units and Laboratories: This is a centralized platform for information on industrial units […]
NSWS Portal : Crossed 75 Thousand Approvals
NSWS Portal : Crossed 75 Thousand Approvals National Single Window System, NSWS Portal for various Central, State, and UT clearances has hit a new milestone by crossing 75 thousand approvals. The National Single Window System (NSWS) is a digital platform to guide you in identifying and applying for approvals according to your business requirements. The […]
Corporate Tax Collections : Highlights
Corporate Tax Collections : Highlights Corporate tax collections exceeded 3% of the GDP after a gap of two years in 2021-22. It is reflecting overall improvement in profitability of India Inc propelled by an increase in demand for goods and services. In actual terms, the net corporate tax collection in 2021-22 stood at Rs 7.12 […]
Outreach Programme For Awareness Of Cryptocurrencies And Online Gaming
Outreach Programme For Awareness Of Cryptocurrencies And Online Gaming: The Investor Education and Protection Fund (IEPF) will launch an outreach programme to create awareness of Cryptocurrencies and Online Gaming. The need for the outreach programme is based on the observation that both crypto-assets and online gaming (that extends to gambling and betting) are still being […]
Indian Rupee Depreciated By 10% Against The US Dollar
Indian Rupee Depreciated By 10% Against The US Dollar: The Indian Rupee depreciated by around 10% against the US dollar and the rupee was the worst-performing Asian currency in 2022. This decline was mainly on account of appreciation in the US currency on safe haven appeal amid fears of recession and inflation across many parts […]
