Category: Economics Current Affairs

‘Main Bhi Digital 3.0’: Ministry of Housing and urban Affairs (MoHUA) in collaboration with the Ministry of Electronics & Information Technology (MeitY) launched the pilot drive ‘Main Bhi Digital 3.0’ – A special Campaign for Digital Onboarding and Training for street vendors under PM SVANidhi scheme across 223 cities in the country. The BharatPe, Mswipe, […]

Delegation Of Financial Powers To Defence Services (DFPDS), 2021 Rules.: The Ministry of Defence has released the Delegation of Financial Powers to Defence Services (DFPDS), 2021 rules. The primary focus of the enhanced delegation of financial powers is to overcome procedural delays, bring about greater decentralisation and operational efficiency. The DFPDS 2021 rules is another […]

Production Linked Incentive (PLI) Scheme For Textiles: Government of India has approved Production Linked Incentive (PLI) Scheme for Textiles for MMF Apparel, MMF Fabrics and 10 segments/ products of Technical Textiles with a budgetary outlay of Rs. 10,683 crore. PLI for Textiles along with RoSCTL, RoDTEP and other measures of Government in sector e.g. providing […]

GST Appellate Tribunal: The Supreme Court has warned that the government had no option but to constitute the Goods and Services Tax (GST) Appellate Tribunal. GST Appellate Tribunal: The GST Appellate Tribunal (GSTAT) is the second appeal forum under GST for any dissatisfactory order passed by the First Appellate Authorities. The National Appellate Tribunal is […]

6th Eastern Economic Forum (EEF) Prime Minister Narendra Modi delivered a video-address during the plenary session of the 6th Eastern Economic Forum (EEF) held in Vladivostok, Russia recently. It may be recalled that the PM was the Chief Guest for the 5th EEF in 2019. About the ‘EEF’: The Eastern Economic Forum was established by […]

Account Aggregator: On September 2 eight of India’s major banks joined the Account Aggregator (AA) network that will enable customers to easily access and share their financial data. The framework, which has been under discussion since 2016 and in the testing phase for some time, will now be open to all customers. An Account Aggregator […]

Eight Major Banks Have Joined The Account Aggregator (AA) Network: Eight major banks have joined the Account Aggregator (AA) network that will enable customers to easily access and share their financial data An AA is a framework that simply facilitates sharing of financial information in a real-time and data-blind manner (Data flow through AA are […]

6th Eastern Economic Forum (EEF): The Prime Minister of India (PM) addressed the plenary session of the 6th Eastern Economic Forum (EEF) via video-conferencing. The PM highlighted the importance of India-Russia relations and potential areas of cooperation in line with the ‘Special and Privileged Strategic Partnership’. Highlights of PM’s Address: Applauded Russia’s vision for the […]

24th Meeting Of Financial Stability And Development Council (FSDC).: The 24th meeting deliberated on various mandates of the FSDC such as financial stability, financial sector development, inter-regulatory coordination, financial literacy, financial inclusion, and macro prudential supervision of the economy including the functioning of large financial conglomerates. The council also discussed issues relating to Management of […]

Prices Of Edible Oil: Edible oil prices are likely to reduce by December as international commodity futures show a declining trend and the production of domestic oilseed crops. Last year, the retail prices of six edible oils — groundnut, mustard, vanaspati, soya, sunflower, and palm oil had risen up to 48%. This was due to […]