Cooperative Banks: The Minster of Home Affairs and Cooperation has addressed a conclave, organised by the National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB), emphasising the needed Reforms for Urban Cooperative Banks (UCB). The NAFCUB is an Apex Level Promotional body of Urban Cooperative Banks and Credit Societies Ltd. in the Country. Its […]
Category: Economics Current Affairs
Foreign Portfolio Investors
Foreign Portfolio Investors: Foreign portfolio investors have pulled out Rs 42,000 crore this month amid rising inflation and monetary policy tightening in the US. FPI involves an investor buying foreign financial assets such as fixed deposits, stocks, and mutual funds. All the investments are passively held by the investors. Investors see relatively high valuations in […]
Twin Deficit Problem
Twin Deficit Problem: The finance ministry in its ‘Monthly Economic Review’ cautioned the re-emergence of the twin deficit problem in the economy, with higher commodity prices and rising subsidy burden leading to an increase in both fiscal deficit and Current Account Deficit (CAD). It’s also the first time the government has explicitly talked about the […]
Payment Vision 2025: RBI
Payment Vision 2025: RBI The Reserve Bank of India (RBI) has come out with “Payments Vision 2025” with an objective to provide every user with safe, secure, fast, convenient, accessible and affordable e-payment options. Payments Vision 2025 has been prepared by considering the guidance from the Board for Regulation and Supervision of Payment and Settlement […]
Unemployment In India
Unemployment In India: The unemployment rate saw a decrease of 0.6% and fell to 4.2% in 2020-21, compared with 4.8% in 2019-20, according to the Periodic Labour Force Survey (PLFS) for 2020-21 released by the Ministry of Statistics and Programme Implementation. This means that only 4.2% of adults who looked for jobs could not get […]
Highly Stressed States : RBI Study
Highly Stressed States : RBI Study As per the Recent RBI study, five states -Bihar, Kerala, Punjab, Rajasthan and West Bengal are highly stressed states. Status of states Debt: Punjab: its debt-GSDP ratio is projected to exceed 45 per cent in 2026-27 Rajasthan, Kerala and West Bengal: projected to exceed the debt-GSDP ratio of 35 […]
National Intelligence Grid (NATGRID)
National Intelligence Grid (NATGRID): The Ministry of Home Affairs (MHA) has curtailed the tenure of the Chief Executive Officer (CEO) of the National Intelligence Grid (NATGRID) and moved him to the Border Security Force (BSF). Earlier this year, Mr. Gupta was given an extension as NATGRID CEO as the post was upgraded to the […]
Sequoia Capital
Sequoia Capital: Sequoia Capital has raised $2.85 billion to invest in startups in India and Southeast Asia. Of this, the venture capital firm will deploy about $2 billion in Indian startups while the remaining $850 million will be used to fund startups in the Southeast Asia region. This is the biggest dedicated India fund raised […]
What Is Surety Bond?
What Is Surety Bond? The Ministry for Road Transport & Highways (MORTH) has asked insurance regulator Insurance Regulatory and Development authority (IRDAI) to develop a model product on Surety Bonds in consultation with general insurers. Several challenging issues which made Surety Bond a complete non-starter with the insurers have also been discussed and it was […]
Regulation Of Bigtech And Fintech Companies : RBI
Regulation Of Bigtech And Fintech Companies : RBI RBI governor has asked for regulation of Bigtech and Fintech companies. For this, With an aim to provide secure and affordable e-payments, the Reserve Bank of India (RBI) has come up with a document ‘Payments Vision 2025’ Document ‘Payments Vision 2025’: As part of its Vision 2025, […]
