What Is Shrinkflation? Due to rising costs many companies are practising “Shrinkflation”. Shrinkflation is the practice of reducing the size of a product while maintaining its sticker price. It is a form of hidden inflation. Raising the price per given amount is a strategy employed by companies, mainly in the food and beverage industries, to […]
Category: Economics Current Affairs
Tax On Lotteries
Tax On Lotteries: The Supreme Court has held that a lottery conducted by Government of India, states or authorised by a state or conducted by private entities is an activity falling within the nomenclature of ‘betting and gambling’. And hence, the State Legislature has the competence to tax lottery scheme which is gambling being conducted […]
Reserve Bank Innovation Hub: Bengaluru
Reserve Bank Innovation Hub: Bengaluru The Reserve Bank of India (RBI) governor inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru. It has been set up as a Section 8 company under the Companies Act, 2013 with an initial capital contribution of Rs. 100 crore. It is is a wholly owned subsidiary of the RBI. […]
Labour-Intensive Bharatiya Economic Model : RSS
Labour-Intensive Bharatiya Economic Model : RSS The RSS has passed a resolution calling for a labour-intensive Bharatiya Economic Model in view of rising unemployment in the country. Society must come forward and participate in building an Atmanirbhar Bharat where the economic model is based on Indian values. The model should be human-centric, labour intensive, eco-friendly […]
New Microfinance Lending Norms: RBI
New Microfinance Lending Norms: RBI RBI has released new microfinance lending norms. As per these norms: All entities, banks, non-banking financial companies (NBFCs), and microfinance institutions (MFIs) are subject to the same regulations. A microfinance loan is defined by the RBI as a ‘collateral-free’ loan granted to a household with an annual household income of […]
The Global Entrepreneurship Monitor Project
The Global Entrepreneurship Monitor Project: The Global Entrepreneurship Monitor (GEM) is an international project which seeks to provide information on the entrepreneurial landscape of countries. GEM carries out survey-based research on entrepreneurship and entrepreneurship ecosystems around the world and is being led by Entrepreneurship Development Institute of India, Ahmedabad. As per Global Entrepreneurship Monitor (GEM) […]
Non-Performing Assets of MSMEs Due to COVID-19
What Is a Non-Performing Asset? Despite a host of loan restructuring schemes and packages announced by the Reserve Bank of India (RBI) and the government, the Covid pandemic has hit the Micro, Small and Medium Enterprises (MSMEs) very hard. Gross Non-Performing Assets (NPAs) of MSMEs, or loans defaulted by these enterprises, rose by Rs 20,000 […]
Regulatory Framework For Microfinance Loans: Highlights
Regulatory Framework For Microfinance Loans: Highlights The Reserve Bank of India (RBI) allowed Microfinance Institutions(MFI) the freedom to set interest rates they charge borrowers, with a caveat that the rates should not be usurious. The guidelines will take effect 1st April 02022. Earlier in 2021, the RBI proposed to lift the interest rate cap on […]
37th Foundation Of National Crime Records Bureau
37th Foundation Of National Crime Records Bureau: The 37th Foundation Day of National Crime Records Bureau (NCRB) was celebrated (11th March 1986) . NCRB, headquartered in New Delhi, was set-up in 1986 under the Ministry of Home Affairs to function as a repository of information on crime and criminals so as to assist the investigators […]
Employees’ Provident Fund Organisation (EPFO) Interest Rate 2021-2022
Employees Provident Fund Organisation (EPFO) : Key Points Union Minister for Labour & Employment announced the Employees’ Provident Fund Organisation (EPFO) interest rate for the year 2021-2022 after chairing the two-day long meeting of the 230th Central Board of Trustees (CBT) at Guwahati. The return on workers’ retirement savings parked with the Employees’ Provident Fund […]
