Category: Economics Current Affairs

Indian Renewable Energy Development Agency: Indian Renewable Energy Development Agency Ltd. IREDA has been conferred with the “Green Urja Award” for being the Leading Public Institution in Financing Institution for Renewable Energy this year by the Indian Chamber of Commerce Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna (Category – I) Government […]

Decentralized Triage and Emergency Response (DETER) Committees: Karnataka: To manage the Covid pandemic at the local level, the Karnataka state government has formed Decentralized Triage and Emergency Response (DETER) Committees at ward levels in Bengaluru. About DETER committees: The objective is to strengthen government response and management of the coronavirus pandemic. These teams will emphasize […]

SEBI: The Securities and Exchange Board of India (SEBI) has proposed doing away with the concept of promoters and moving to ‘person in control.’ It has also suggested reducing the minimum lock-in periods post a public issue for promoters and pre-Initial Public Offering (IPO) shareholders. SEBI is a statutory body established in April, 1992 in […]

NITI Aayog Report: NITI Aayog and Mastercard released a report titled ‘Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat’. The report identifies challenges in accelerating digital financial inclusion in India and provides recommendations for making digital services accessible to its 1.3 billion citizens. Key recommendations in the report include: Strengthening the payment infrastructure […]

Rise In Global Commodity Prices: Recently, there has been an across-the-board rise in global commodity prices that is being billed as a new commodity supercycle. A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of […]

S. Janakiraman Advisory Group: The Reserve Bank said an advisory group had been constituted to assist the second Regulatory Review Authority (RRA) which was set up by the central bank earlier this month to streamline regulations and reduce the compliance burden of regulated entities. Headed by SBI Managing Director S. Janakiraman, the group will assist […]

Social Stock Exchanges (SSEs): A technical group on social stock exchanges (SSEs), constituted by the Securities and Exchange Board of India (SEBI), has recommended that political and religious organizations, trade organizations as well as corporate foundations should not be allowed to raise funds through SSEs. Pursuant to an announcement made by the Finance Minister Nirmala […]

Post Devolution Revenue Deficit: The Ministry of Finance has released the second monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore for the year 2021-22 to 17 States. About the Post Devolution Revenue Deficit (PDRD): The Centre provides the Post Devolution Revenue Deficit Grant to the States under Article 275 of […]

Unique Disability Identification Portal: The Ministry of Social Justice & Empowerment has issued a notification making it mandatory for all States/UTs to grant certificates of disability through online mode only using UDID (Unique Disability ID) portal. Unique Disability Identification (UDID) Portal: The project is being implemented with the view of creating a National Database for […]

Regulations Review Authority 2.0: RBI: The Reserve Bank Of India (RBI) has constituted an Advisory Group to assist the second Regulations Review Authority (RRA 2.0). The RBI has set up the RRA 2.0, initially for a period of one year from 1st May 2021, with a view to streamline regulations and reduce the compliance burden […]