Central Bank Digital Currency (CBDC):: The Reserve Bank of India is likely to soon kick off pilot projects to assess the viability of using digital currency to make wholesale and retail payments to help calibrate its strategy for introducing a full-scale central bank digital currency (CBDC). An official digital currency would reduce the cost of […]
Category: Economics Current Affairs
Insolvency And Bankruptcy Board Of India (IBBI): Amendment
Insolvency And Bankruptcy Board Of India (IBBI): Amendment: The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The amendments are aimed at enhancing the discipline, transparency, and accountability in corporate insolvency proceedings. In March 2021 a sub-committee of the […]
Indian Labour Conference
Indian Labour Conference: The Bharatiya Mazdoor Sangh (labour union) wrote to the Prime Minister asking him to convene the Indian Labour Conference (ILC). It argued that since Indian Parliament has ratified Convention No 144 of the International Labour Organisation, it is now India’s legal obligation to hold the ILC in order to strengthen the […]
Startup India Showcase Platform
Startup India Showcase Platform.: 104 startups from different sectors have currently on boarded on the Startup India Showcase Platform. Startup India Showcase is an online discovery platform for the most promising startups of the country. These innovations span across various cutting-edge sectors such as Fintech, EntrepriseTech, Social Impact, HealthTech, EdTech, among others. Ecosystem stakeholders have […]
External Benchmarks Lending Rate
External Benchmarks Lending Rate: According to a recent RBI report on ‘Monetary transmission in India’, the share of outstanding loans linked to External Benchmarks Lending Rate (EBLR – like repo rate), increased from as low as 2.4% during September 2019 to 28.5% during March 2021. This increase in EBLR linked lending will contribute to significant […]
Awas Par Samvaad
Awas Par Samvaad: Pradhan Mantri Awas Yojana – Urban (PMAY-U) has launched Awas Par Samvaad – series of 75 seminars and workshops to take ahead the Prime Minister’s vision of ‘Housing for All’. Ministry of Housing and Urban Affairs (MoHUA) announced it on the occasion of sixth anniversary of PMAY-U on June 25, 2021. ‘Awas […]
State Of Food Security And Nutrition In The World
State Of Food Security And Nutrition In The World: A report titled ‘The State of Food Security Nutrition in the World 2021 (SOFI)’ has studied the impact of Covid-19 pandemic-induced income loss on food intake and malnutrition. The report is presented by the Food and Agriculture Organization of the United Nations, the International Fund for […]
Aatmairbhar Bharat : Self Reliance for Renewable Energy Manufacturing
Conference On Aatmairbhar Bharat :Self Reliance for Renewable Energy Manufacturing: Confederation of Indian Industry (CII) had recently organised a conference on “Aatmairbhar Bharat – Self Reliance for Renewable Energy Manufacturing”. India had one of the fastest rates of growth of Renewable Energy capacity in the world. It had pledged in COP-21 in Paris that by […]
Mastercard, American Express and Diners Club : Barred by RBI
Foreign Card Payment Network Companies Barred: RBI The Reserve Bank of India (RBI) has barred three foreign card payment network firms – Mastercard, American Express and Diners Club — from taking new customers on board over the issue of storing data in India. As many as five private sector banks, including Axis Bank, Yes Bank, […]
Rebate on Central and State Taxes and Levies (RoSCTL)
Rebate on Central and State Taxes and Levies (RoSCTL): Garment exporters will continue to get a rebate on central and state taxes on their outward shipments as the government approved extension of RoSCTL scheme till March 2024. The move is aimed at enhancing competitiveness of the labour-intensive textiles sector. The Union Cabinet chaired by Prime Minister Narendra […]
