Serious Frauds Investigation Office: The Serious Frauds Investigation Office (SFIO) has arrested the alleged mastermind of a widespread racket involving the setting up of shell companies with Chinese links and supply of dummy directors. SFIO was assigned by the government to investigate Jillian Consultants India Pvt Ltd and 32 other companies. SFIO is a multi-disciplinary […]
Category: Economics Current Affairs
Operation ‘Gear Box’
Operation ‘Gear Box’: The Directorate of Revenue Intelligence (DRI) launched operation ‘Gear Box’ to stop heroin smuggling, seizes 39.5 kg of contraband from Kolkata port. The heroin was examined and seized under provisions of the Narcotic Drugs and Psychotropic Substances Act. Operation Gear Box is conducted to detect the hidden drugs in the gear boxes. […]
Indo-Pacific Economic Framework
Indo-Pacific Economic Framework: India stayed out of the joint declaration on the trade pillar of the U.S.-led Indo-Pacific Economic Framework ministerial meet in Los Angeles, with Union Commerce Minister Piyush Goyal citing concerns over possible discrimination against developing economies India was the only one of the 14 IPEF countries, which include South East Asian countries, […]
7th Eastern Economic Forum
7th Eastern Economic Forum: Prime Minister Narendra Modi addressed the Plenary Session of 7th Eastern Economic Forum being held in Vladivostok through video conferencing. Prime Minister Narendra Modi has said that India is keen to strengthen its partnership with Russia on Arctic subjects. He said, along with energy, India has also made significant investments in […]
India’s External Debt
India’s External Debt: As per the External Debt management Unit.India’s external debt rose to US$ 620.7 bnas on March 2022 (an increase of over 8% compared to the previous year) A country’s gross external debt is the liabilities that are borrowed from outside the country and have to be paid back in the same currency. […]
RBI Guidelines For Digital Lending
RBI Guidelines For Digital Lending: RBI has tightened the norms for digital lending seeing a number of cases of fraud. Digital lending involves giving and recovering loans through web platforms or mobile apps. It facilitates speedy disbursal and helps lower the costs of lending. Guidelines: No middlemen: All loans disbursals/repayment between the holder of the […]
India Became The World’s Fifth-Largest Economy
India Became The World’s Fifth-Largest Economy: India became the world’s fifth largest economy by overtaking the United Kingdom. Now, the United States, China, Japan, and Germany are the only nations with economies larger than India’s. The real Gross Domestic product (GDP) growth of 6-6.5% in a world full of uncertainties is the new normal and […]
India Economy: State Bank of India Report
India Economy: India is set to become the third largest economy in the world by 2029. A State Bank of India report said India will surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth. The report said that the country has undergone a large structural shift since 2014 […]
UGC Proposes Clustering Of Colleges
UGC Proposes Clustering Of Colleges: The University Grants Commission (UGC) has finalised guidelines for transforming colleges and universities into multidisciplinary institutions and has prescribed three different approaches which include “clustering” of establishments located in proximity to each other. The UGC will make public its “Guidelines for transforming higher educational institutions into multidisciplinary institutions”. These aim […]
Delhi Model Virtual School (DMVS)
Delhi Model Virtual School (DMVS): The Delhi government has started the “Delhi Model Virtual School” to provide opportunities to the students of the National Capital Region and beyond. It is an online platform, which will conduct completely online classes, and will help the students to complete their studies without visiting the school. This school will […]
