Category: Economics Current Affairs

All-India Quarterly Establishment-Based Employment Survey: The All-India Quarterly Establishment-based Employment Survey, in a report released recently said that the overall employment numbers had increased by 29% from the base year of 2013-14. However, in the first quarter of this fiscal (April-June 2021), 27% of the establishments surveyed reported pandemic-related retrenchment. The report, released by Labour […]

What Are Stablecoins? The US is discussing launching a formal review into whether Tether and other stablecoins threaten financial stability. The first stablecoin, created in 2014, was Tether. A stablecoin is a type of cryptocurrency that is typically pegged to an existing government-backed currency. A cryptocurrency is a form of digital asset based on a […]

Centre Of Excellence In Logistics And Supply Chain Management: Union Minister for Commerce & Industry inaugurated the ‘Centre of Excellence in Logistics and Supply Chain Management’ at the National Institute of Industrial Engineering (NITIE), Mumbai. Managing supply chains is becoming more and more complex owing to the challenges posed by global competitiveness and economic crisis. […]

Central Bank Digital Currency (CBDC): The Reserve Bank of India has been working on a phased implementation strategy for a CBDC and the pilot may be launched by the end of this year. The financial advisory services firm has listed four major use cases of CBDC in the Indian context. This includes: ‘Fit-for-purpose’ money used […]

Single Window System For Investors: The Ministry of Commerce and Industry has launched the national single window system for investors and businesses to improve Ease of Doing Business (EoDB). India was placed at 63rd position in the World Bank’s ease of doing business report, 2020 out of 190 countries. Recently, the World Bank has decided […]

FDI Inflows: Foreign Direct Investment (FDI) inflows grew 62% during the first four months (April-July period) of current FY 2021-22 over corresponding period last year (2020). India attracted a total FDI inflow of USD 27.37 billion during the four months. In the FY 2020-21, India saw growth of 10% (to $82 bn) in FDI. FDI […]

Comprehensive Economic Partnership Agreement (CEPA): India and UAE’s Commerce Minister have formally launched negotiations on the India-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA). The first round of CEPA negotiations will be held on 23-24 September 2021. CEPA will create new jobs, raise living standards, and provide wider social and economic opportunities in both nations. […]