Indian Rupee Depreciated By 10% Against The US Dollar: The Indian Rupee depreciated by around 10% against the US dollar and the rupee was the worst-performing Asian currency in 2022. This decline was mainly on account of appreciation in the US currency on safe haven appeal amid fears of recession and inflation across many parts […]
Category: Economics Current Affairs
Dinesh Kumar Shukla : New Chairman Of AERB
Dinesh Kumar Shukla : New Chairman Of AERB Dinesh Kumar Shukla, former Executive Director of AERB & Distinguished Scientist assumed the charge as Chairman, AERB on 31st December 2022. The AERB was constituted on November 15, 1983, by the President of India by exercising the powers conferred by the Atomic Energy Act, 1962 to carry […]
Investor Risk Reduction Access Platform
Investor Risk Reduction Access Platform: Stock exchanges have been directed by the Securities and Exchanges Board of India (SEBI) to set up an Investor Risk Reduction Access (IRRA) platform. With the growing reliance on technology in the securities market, there is an increase in instances of glitches in trading members’ systems, some of which resulted […]
India To Become Third Largest Economy By 2035 : CEBR
India To Become Third Largest Economy By 2035 : CEBR The Centre for Economics and Business Research (CEBR), a British consultancy, has said India will become third largest economy by 2035 from the current fifth spot. In its annual World Economic League Table, the Centre for Economics and Business Research said that over the next […]
GI Tag For Joynagar Moa : Extended For 10 years
GI Tag For Joynagar Moa : Extended For 10 years GI tag for Joynagar Moa has been extended for 10 years. About Joynagar Moa: Said to date back to 1904, the moais made of aromatic khoi popped rice that is mixed with jaggery, sugar, cashew nuts and raisins. It has a short shelf life, lasting […]
Committee On Content Regulation In Government Advertising (CCRGA)
Committee On Content Regulation In Government Advertising (CCRGA): Delhi Lieutenant-Governor (L-G) Vinai Kumar Saxena has recently directed Delhi Chief Secretary Naresh Kumar to implement a 2016 order of the Committee on Content Regulation in Government Advertising (CCRGA). Committee on Content Regulation in Government Advertising (CCRGA): It is a three-member body. It was formed by the […]
State Of The Economy Report: RBI
State Of The Economy Report: RBI The Reserve Bank of India (RBI) has released a report titled- “State of the Economy”, which warns of a darkening global outlook. Highlights of the Report: The balance of risks gets increasingly tilted towards a darkening global outlook for 2023, the year that will bear the brunt of monetary […]
Global Minimum Tax
Global Minimum Tax: EU members have agreed to implement a minimum tax rate of 15% on big businesses in accordance with Pillar 2 of the global tax agreement framed by the Organisation for Economic Cooperation and Development (OECD) in 2021. In 2021, 136 countries including India had agreed on a plan to redistribute tax rights […]
First Joint Finance And Health Task Force
First Joint Finance And Health Task Force: The first Joint Finance and Health Task Force (JFHTF) meeting under India’s G20 Presidency was held in virtual mode on December 20. The meeting was co-chaired by Italy and Indonesia. The Bali Leaders’ Declaration 2022 extended the mandate of the Task Force to continue the collaborations between Finance […]
India’s First-Ever Surety Bond Insurance Product
India’s First-Ever Surety Bond Insurance Product: Surety bond can be defined in its simplest form as a written agreement to guarantee compliance, payment, or performance of an act. Surety is a unique type of insurance because it involves a three-party agreement. The three parties in a surety agreement are: Principal: The party that purchases the […]
