Monetary Policy: The Reserve Bank of India maintained status quo in key policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at four percent to keep the stance accommodative. While announcing the Bi-monthly Policy, RBI Governor Shaktikant Das said, Marginal Standing Facility (MSF) rate and bank rate will […]
Category: Economics Current Affairs
PANEX-21
PANEX-21: A Curtain Raiser Event for Humanitarian Assistance and Disaster Relief exercise, PANEX-21, for the member nations of BIMSTEC countries, was held in New Delhi on 07 December 2021. The exercise is planned to be conducted from 20-22 December 2021 at Pune and will witness participation from subject matter experts and delegates from India, Bangladesh, […]
Kasturirangan Committee Report
Kasturirangan Committee Report: Karnataka Chief Minister Basavaraj Bommai informed the Centre that the state is opposed to the Kasturirangan Committee report on Western Ghats. He said that declaring Western Ghats as ecologically sensitive zone would adversely affect the livelihood of people in the region. However, the experts called the state’s opposition disastrous for the ecologically […]
Ship Acquisition, Financing And Leasing (SAFAL)
Ship Acquisition, Financing And Leasing (SAFAL): The report titled Ship Acquisition, Financing and Leasing (SAFAL) was submitted by the Committee for Development of Avenues for Ship Acquisition, Financing and Leasing to the International Financial Services Centres Authority (IFSCA). The Committee was constituted by IFSCA in June 2021 with representatives from the Government of India, Gujarat […]
Poshan Tracker
Poshan Or Nutrition Tracker: The Ministry of Women and Child Development has spent over ₹1,000 crore on its Poshan or Nutrition Tracker, which records real-time data on malnourished and ‘severe acute malnourished’ children in each anganwadi. But four years since its launch, the Government is yet to make the data public. Government officials have cited […]
PM MITRA Parks
PM MITRA Parks: The Government has approved setting up of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with an outlay of Rs. 4445 cr for a period of seven years upto 2027-28. Government of India is implementing the Scheme for Integrated Textile Park (SITP) which provides support for […]
Omicron Cryptocurrency Price Surge
Cryptocurrency: A relatively lesser known cryptocurrency token named after the Greek letter Omicron saw its price surge more than 10 times in a matter of two days outperforming top digital currencies like Bitcoin and Ethereum, soon after the World Health Organization (WHO) named the latest Covid-19 variant of concern Omicron. From Friday to Monday morning, […]
India’s GDP Growth in Q3 2021
India’s GDP: India’s gross domestic product (GDP) grew by 8.4% in the July to September quarter, compared to a 7.4% contraction a year ago, with the economy’s gross value added (GVA) rising 8.5%, the National Statistical Office said. Factoring in the first quarter GDP growth of 20.1%, the first half of this year has recorded […]
Out-Of-Pocket Expenditure (OOPE)
Out-Of-Pocket Expenditure (OOPE): Out-of-pocket expenditure (OOPE) as a share of total health expenditure and foreign aid for health has both come down as per the findings of the National Health Accounts (NHA) estimates for India for 2017-18 released by Health Secretary Rajesh Bhushan. As a share of total health expenditure, the OOPE has come down […]
Central Bank Digital Currency
Central Bank Digital Currency: The Reserve Bank of India (RBI) has proposed amendments to the Reserve Bank of India Act, 1934, which would enable it to launch a Central Bank Digital Currency (CBDC), thus enhancing the scope of the definition of ‘bank note’ to include currency in digital form. The move has come amid the […]
