Card-On-File Tokenization : Reserve Bank Of India In order to make digital payments more secure, safe and sound the Reserve Bank of India (RBI) has now enabled card-on-file tokenization (CoFT) through card issuing banks and institutions. Tokenization refers to replacement of actual credit and debit card details with an alternate code called the “token”. It […]
Category: Economics Current Affairs
World Bank Released International Debt Report
World Bank Released International Debt Report: India’s total debt is around 81%, but most of it is domestic debt. India’s external debt is around 18.6% (around USD 624 billion at the end of March 2023), as per the RBI data. Public and publicly guaranteed (PPG) debt service payments by Low and Middle-Income Countries (LMICs) reached […]
SHG Bank Linkage Project
SHG Bank Linkage Project: The Union Minister of State for Rural Development, in a written reply in Rajya Sabha has given information about Self Help Group (SHG) Bank linkage (BL). In 2019, the International Initiative for Impact Evaluation assessed DAY-NRLM, finding a 19% income boost and a 28% increase in household savings compared to the […]
Tax Inspectors Without Borders (TIWB) Program
Tax Inspectors Without Borders (TIWB) Program: Tax Inspectors Without Borders (TIWB) program, a collaborative effort between the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), was recently launched in Saint Lucia. India has been selected as the Partner Administration and will contribute Tax Experts to the 12-18-month initiative. This […]
Unnati Foundation : First Entity To List On The Social Stock Exchanges
Unnati Foundation : First Entity To List On The Social Stock Exchanges The Unnati Foundation became the first entity to list on the social stock exchanges (SSE). Social Stock Exchange functions as a separate segment within the existing stock exchange and help social enterprises raise funds from the public through its mechanism. It would serve […]
Exchange-Traded Funds
Exchange-Traded Funds: The total investment by the Employees’ Provident Fund Organisation (EPFO) in exchange-traded funds (ETFs) in more than seven years has crossed Rs 2.5 trillion, Minister of State in the Labour Ministry recently told Lok Sabha An ETF is a collection of marketable securities that tracks an index, a commodity, bonds, or a basket […]
Monetary Policy Committee Meeting
Monetary Policy Committee Meeting: The Reserve Bank of India (RBI) in its bimonthly Monetary Policy Committee (MPC) Meeting has retained benchmark interest rates unchanged for the 5th time in a row. The key repo rate has been paused for five consecutive reviews at 6.5%. Repo rate is the rate at which the central bank of […]
Goldilocks Effect On The Economy
Goldilocks Effect On The Economy: The RBI’s growth and inflation forecasts indicate a Goldilocks Effect on the economy by the second quarter of the next fiscal year. Goldilocks Effect or the Goldilocks Principle, is the premise that people are inclined to seek ‘just the right’ amount of something. People prefer something that is neither too […]
Protests Over National Medical Commission Logo
Protests Over National Medical Commission Logo: The National Medical Commission (NMC) has recently changed its logo, which has sparked a controversy among the medical fraternity. The new logo features a colourful image of Dhanvantri, an avatar of Lord Vishnu who is considered the god of Ayurveda in Hindu mythology. The new logo also replaces the […]
Jago Grahak Jago Campaign
Jago Grahak Jago Campaign: The Department of Consumer Affairs is actively engaged in nationwide multimedia awareness campaigns titled “Jago Grahak Jago”. These campaigns aim to inform consumers about fraudulent practices and common issues while providing guidance on seeking redressal The awareness initiatives utilize various media platforms, including print media, TV, radio, cinema theatres, websites, hoardings, […]
