Electoral Bonds:: Chief Justice of India agreed to urgently hear a plea by NGO Association for Democratic Reforms to stay the sale of a new set of electoral bonds on April 1, before the Assembly elections in crucial states such as West Bengal and Tamil Nadu. Arguments by petition: The Reserve Bank of India (RBI) […]
Category: Economics Current Affairs
Wholesale Price Index (WPI) : February, 2021
Wholesale Price Index (WPI) For The Month Of February 2021: The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade has released the Wholesale Price Index (WPI) for the month of February 2021. Wholesale Price-Inflation: It increased for the second consecutive month to 4.17%. This is the highest since November 2018, […]
AICTE : Compulsory Subjects (PCM) Optional
The All India Council for Technical Education: Compulsory subject: The All India Council for Technical Education (AICTE) — the technical education regulator — has made Physics, Chemistry and Mathematics (PCM) optional for students who wish to pursue technical courses like biotechnology, textile or agriculture engineering at the undergraduate level. However, PCM remains mandatory for most […]
Bank Credit And Deposits Grew in Feb 2021 : RBI – Reasons
Bank Credit And Deposits grew: RBI: Recent data released by the Reserve Bank of India (RBI) showed that Bank credit and deposits grew and were higher in February 2021 than January 2021. The credit and deposits for February 2021 were even higher than the pre-pandemic data of February 2020. Bank by RBI: At the end […]
India’s Foreign Exchange Reserves : Fourth Largest
India’s Foreign Exchange Reserves: India’s foreign exchange reserves now world’s fourth-largest: India’s foreign exchange reserves surpass Russia’s to become the world’s fourth-largest. India’s reserves, enough to cover roughly 18 months of imports, have been bolstered by a rare current-account surplus, rising inflows into the local stock market, and foreign direct investment. India’s foreign currency holdings […]
What is Prompt Corrective Action Framework of RBI?
Prompt Corrective Action Framework: The Reserve Bank of India has taken IDBI Bank Ltd out of its prompt corrective action list after it found the state-run lender was not in breach of the central bank’s parameters. IDBI Bank was placed under the so-called PCA framework in 2017 over its high bad loans and a negative […]
National Social Assistance Programme (NSAP) : Report
National Social Assistance Programme (NSAP): The Centre must increase the “meagre” pensions provided for poor senior citizens, widows, and disabled people said the Parliamentary Standing Committee on Rural Development in its report submitted to the Lok Sabha. The Committee observed that under the National Social Assistance Programme (NSAP), meagre amount of assistance ranging from ₹200 […]
Rationalisation Of Both Freight And Passenger Fares
Rationalization Of Both Freight And Passenger Fares: The Parliamentary Standing Committee on Railways has suggested rationalisation of both freight and passenger fares. The losses incurred by the railways in passenger services purportedly due to the social service obligations which include pricing tickets at fares lower than costs and passenger concessions. The railways incur losses to […]
Digital Payment Scorecard by MeitY : Key Points
MeitY Digital Payment Scorecard: The Ministry of Electronics & Information Technology (MeitY) has released the list of “Digital Payment Scorecards”. In the list, the State Bank of India (SBI) has topped for the third consecutive months. The digital payment scorecard tracks the performance of the Commercial Banks on several digital parameters. SBI maintained the top […]
What is Haryana’s Quota Law?
Haryana’s Quota Law: The Haryana State Employment of Local Candidates Bill, 2020 requires private companies to set aside for domiciles 75% of jobs up to a monthly salary of Rs 50,000 or as may be notified by the government from time to time. The law is applicable to all the companies, societies, trusts, limited liability […]
