Category: Economics Current Affairs

PM CARES:: A plea was filed in the Supreme Court seeking a direction to utilise the PM-CARES fund for immediate procurement of vaccines and establishment of oxygen plants, generators and their installation in 738 district hospitals across the country. The petition said the government should loosen its PM-CARES purse strings and help common people in […]

SWAMIH Fund: The Government of India’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completed its first residential project. The residential project – Rivali Park, located in suburban Mumbai, was the first housing project in India to have received funding under the SWAMIH Fund. SWAMIH Fund: This is a government-backed fund that was set up […]

Sovereign Gold Bonds: The Central Government in consultation with the Reserve Bank of India has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from 17th May to September 2021. The Bonds will be sold through Scheduled Commercial banks (except Small Finance Banks and Payment Banks), Stock Holding […]

Prime Minister Kisan Samman Nidhi: Prime Minister Narendra Modi recently released the eighth instalment of Prime Minister Kisan Samman Nidhi. Under the Scheme, the Government of India transfers Rs 6,000 to the account of small and marginal farmers. These funds are transferred in three instalments. The first instalment of Rs 2,000 is made between April […]

Indian Renewable Energy Development Agency: Indian Renewable Energy Development Agency Ltd. IREDA has been conferred with the “Green Urja Award” for being the Leading Public Institution in Financing Institution for Renewable Energy this year by the Indian Chamber of Commerce Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna (Category – I) Government […]

Decentralized Triage and Emergency Response (DETER) Committees: Karnataka: To manage the Covid pandemic at the local level, the Karnataka state government has formed Decentralized Triage and Emergency Response (DETER) Committees at ward levels in Bengaluru. About DETER committees: The objective is to strengthen government response and management of the coronavirus pandemic. These teams will emphasize […]

SEBI: The Securities and Exchange Board of India (SEBI) has proposed doing away with the concept of promoters and moving to ‘person in control.’ It has also suggested reducing the minimum lock-in periods post a public issue for promoters and pre-Initial Public Offering (IPO) shareholders. SEBI is a statutory body established in April, 1992 in […]

NITI Aayog Report: NITI Aayog and Mastercard released a report titled ‘Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat’. The report identifies challenges in accelerating digital financial inclusion in India and provides recommendations for making digital services accessible to its 1.3 billion citizens. Key recommendations in the report include: Strengthening the payment infrastructure […]

Rise In Global Commodity Prices: Recently, there has been an across-the-board rise in global commodity prices that is being billed as a new commodity supercycle. A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of […]