22nd Meeting Of The Central Employment Guarantee Council: The 22nd Meeting of the Central Employment Guarantee Council was held on 23.02.2021 under the Chairmanship of Union Minister of Rural Development. The Central Employment Guarantee Council has been constituted under Section 10 of the Mahatma Gandhi National Rural Employment Guarantee Act (Mahatma Gandhi NREGA), 2005. […]
Category: Economics Current Affairs
Who was India’s Top Trading Partner in 2020?
India’s Top Trade Partner: China has again become India’s top trading partner in the year 2020. The reason was that India was still dependent on the import of heavy machines, telecom equipment, and home appliances from China. The provisional data from the trade between both countries in the year 2020 stood at $77.7 billion. However, […]
Announced Projects For Railway Infrastructure In West Bengal : List
Projects For the development of Railway Infrastructure In West Bengal: Union Minister of Railways, dedicated to the Nation series of Projects for the development of Railway Infrastructure in West Bengal. He inaugurated 2nd Foot Over Bridge at Santragachi, Freight Terminal at Sankrail (Phase-I) & Vivekananda Meditation Centre at Howrah and dedicated to the Nation an […]
Critical Infrastructure Development In Arunachal Pradesh : Key Points
Critical Infrastructure Development In Arunachal Pradesh: The Union government approved more than Rs 1,100 crore for critical infrastructure development in Arunachal Pradesh. The Cabinet Committee on Security (CCS) also cleared a proposal for the construction of 32 roads under phase II of the Indo-China Border Roads (ICBR) scheme. Earlier, the government followed a restrictive policy, […]
Pakistan To Remain In FATF Grey List : Recent Developement
Pakistan To Remain In FATF Grey List: The FATF’s Plenary and Working Group meetings, scheduled to be held from February 21 to 26 in Paris, is all set to decide on Pakistan’s grey list status. However, Pakistan is unlikely to exit the Financial Action Task Force’s (FATF) ‘grey’ list until June. Pakistan was placed on […]
World’s Debt To Increase In 2021 IIF Report : Findings
World’s Debt To Increase In 2021: The Institute of International Finance (IIF) has reported that the world has never been more indebted before and the debt will further rise in the year 2021 with more borrowing ahead amid the covid-19 led economic crisis. Key Findings of IIF: As per the IIF, governments, companies, and households […]
Diesel And Petrol Prices Hike : Reasons
Diesel And Petrol Prices Hike: Diesel and petrol prices have hit record highs across the country, with petrol touching Rs 89 per litre in Delhi, and diesel reaching a new high of Rs 86.30 per litre in Mumbai. The government reasons that global crude oil prices have risen by more than 50 per cent to […]
Draft Blue Economy Policy for India : Highlights
Draft Blue Economy Policy for India: The Ministry of Earth Sciences has asked for suggestions on the Draft Blue Economy Policy for India. The stakeholders such as NGOs, industry, academia, and citizens have been asked to submit their inputs and ideas by 27th February 2021. The Draft Blue Economy Policy was created by the government […]
What Is Credit Default Swap?
Credit Default Swap: The Reserve Bank of India revealed the credit default swaps (CDS) and has allowed the retail users to do the transactions in permitted credit derivatives in order to hedge their underlying credit risk. Key Highlights: As per the guidelines, the non-retail users will be allowed to do the transactions in credit derivatives […]
Rise In Sensex Reasons : Increased Foreign Portfolio Investments
Increased Foreign Portfolio Investments: The Sensex has risen 11.36%, post-Union Budget 2021-22 presentation, due to increased Foreign Portfolio Investments (FPIs). Sensex, otherwise known as the S&P BSE Sensex index, is the benchmark index of the Bombay Stock Exchange (BSE) in India. It comprises 30 of the largest and most actively traded stocks on the BSE […]
