Category: Economics Current Affairs

Panch Pran: In his Independence Day address, Prime Minister Narendra Modi asked Indians to embrace the “Panch Pran” — five vows — by 2047 when the country celebrates 100 years of independence. The first vow, he said, is for India to become a developed country in the next 25 years. NTPC is steadily lowering its […]

NeVA: One Nation-One Application’ is being implemented using the National eVidhan Application (NeVA) NeVA is a portal to bring all the legislatures of the country together, on one platform. NeVA (previously known as e-Vidhan) is a Mission Mode Project (MMP) under the Digital India Programme, under the Ministry of Parliamentary Affairs (MoPA). Key Benefits: Paperless […]

National Curriculum Framework: Union Minister for Education Dharmendra Pradhan has urged the citizens to participate in the Citizen Survey for National Curriculum Framework for developing a new curriculum. He said, a dynamic National Curriculum Framework in line with the National Education Policy- 2020 will play a major role in achieving the goal of Viksit Bharat. […]

Postal Identification Number: The 75th Independence Day coincides with another milestone in the country’s history — it was on August 15, 1972, that the Postal Identification Number (PIN) was introduced in India. As the PIN code turns, we look at its history and evolution. According to the Department of Posts, there were 23,344 post offices, […]

First Set Of Guidelines For Digital Lending : RBI The Reserve Bank of India (RBI) issued the first set of guidelines for digital lending, to crack down on illegal activities by certain players. Towards addressing concerns that had sprung up, the RBI had constituted a Working Group on ‘digital lending including lending through online platforms […]

National Intellectual Property Awareness Mission: National Intellectual Property Awareness Mission (NIPAM) has achieved target of imparting Intellectual Property (IP) awareness and basic training to 1 million students on 31st July 2022, ahead of the deadline which was 15 August 2022. NIPAM, a flagship program to impart IP awareness and basic training, was launched on 8 […]

Chit Fund: Rates of GST on the chit funds have been raised from the earlier 12% to 18%. This may raise the borrowing cost and benefits out of the chit fund. A chit fund is a close-ended group lending scheme. It is called ‘Chit Fund’ as a piece of paper is used for writing a […]

Digital Currency: According to a recent study by the United Nations Trade and Development Body (UNCTAD), over 7% of India’s population owned Digital Currency in 2021. India was ranked seventh in the list of top 20 global economies for digital currency ownership as share of population. Developing countries accounted for 15 of the top 20 […]

Blue Bonds: SEBI has proposed the ‘blue bonds’ for sustainable finance Blue bond: It will be a debt instrument to support investments in healthy oceans and blue economies (i.e. use of ocean resources for economic growth)- sustainable exploitation of ocean resources, fishing, and extracting renewable energy. It will catalyse progress towards SDG 14 (Life Below […]

Gold Exchange Traded Funds: In July 2022, Gold Exchange Traded Funds (ETFs) witnessed a net outflow of Rs 457 crore as investors parked their money in other asset classes as part of their portfolio rebalancing strategy. This was in comparison to a net inflow of Rs 135 crore in June 2022. Gold Exchange Traded Funds […]