Category: Economics Current Affairs

Forex Reserves: Reserve Bank of India (RBI), India’s forex reserves have fallen by USD 110 billion in the last 13 months. Current Scenario: India’s forex reserves have fallen by USD 110 billion since September 2021 where it stood at a record high of USD 642.45 billion. It needs to be noted that Indian rupee is […]

Automatic Exchange Of Information: India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual information exchange, under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries. This is the fourth tranche of information that India has received from Switzerland […]

National Industrial Corridor Development Corporation: 4th NICDC Investors’ Roundtable Conference to be held in Mumbai. The 4th NICDC Investors’ Roundtable Conference organized by Maharashtra Industrial Township Limited (MITL). The Investors Roundtable Conference has previously been hosted in Delhi, Kochi, and Ahmedabad. The 4th edition of the conference will showcase the development of upcoming greenfield industrial […]

E-Rupee: The Reserve Bank of India (RBI) will soon commence pilot launches of Central Bank Digital Currency (CBDC), referred to as Digital Rupee (e₹), for specific use cases. The RBI in its concept note detailed various aspects including the technological measures to operationalise its electronic currency, its underlying digital infrastructure and various technological options the […]

Quality Council Of India (QCI): The Quality Council of India is set to celebrate its Silver Jubilee at the Ambedkar International Centre in New Delhi Quality Council of India was set up in 1997, jointly by the Government of India and the Indian Industry represented by the three premier industry associations i.e. Associated Chambers of […]

Windfall Tax: The government recently cut the windfall tax on domestically-produced crude oil to Rs 8,000 per tonne from Rs 10,500, and halved the levy on export of diesel to Rs 5 per litre. The taxes were introduced on July 1, as the Centre felt that elevated crude prices were allowing oil companies to make […]

National Disaster Management Authority (NDMA): The National Disaster Management Authority (NDMA) celebrated its 18th Formation Day on 28th September, 2022. Theme 2022: Volunteerism in Disaster Management. The National Disaster Management Authority (NDMA) is India’s apex statutory body for disaster management. The NDMA was formally constituted on 27th September 2006, by the Disaster Management Act, 2005. […]