e-RUPI: Voucher Based Digital Payment System: The Indian government is going to launch an electronic voucher based digital payment system e-RUPI. There are already many countries using the voucher system for example the US, Colombia, Chile, Sweden, Hong Kong, etc. e-RUPI: It is a cashless and contactless method for digital payment. It is a Quick […]
Category: Economics Current Affairs
25th Controller General Of Accounts (CGA)
25th Controller General Of Accounts (CGA): Deepak Das took charge as the 25th Controller General of Accounts (CGA), with effect from August 1, 2021. Parent agency: Department of Expenditure, Ministry of Finance. It is the Principal Accounting Adviser to Government of India and is responsible for establishing and maintaining a technically sound Management Accounting System. […]
Cabinet Approves Multilateral MoU Signed By IFSCA
Cabinet Approves Multilateral MoU Signed By IFSCA:: The Cabinet has approved a multilateral MoU signed between the International Financial Services Centres Authority (IFSCA), International Organization of Securities Commissions (IOSCO), and International Association of Insurance Supervisors (IAIS). In 2002 IOSCO adopted a multilateral memorandum of understanding (IOSCO MMoU) designed to facilitate crossborder enforcement and exchange of […]
Deposit Insurance And Credit Guarantee Corporation (Amendment) Bill, 2021
Deposit Insurance And Credit Guarantee Corporation (Amendment) Bill, 2021: The Union Cabinet has approved the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021 and has been introduced in Parliament’s monsoon session. Deposit Insurance Credit Guarantee Corporation (DICGC) is a wholly-owned subsidiary of the Reserve Bank of India (RBI). It provides deposit insurance that works […]
Deposit Insurance And Credit Guarantee Corporation (DICGC) Bill, 2021.
Deposit Insurance And Credit Guarantee Corporation (DICGC) Bill, 2021.: The Union Cabinet has cleared the Deposit Insurance and Credit Guarantee Corporation (DICGC) Bill, 2021. The failure of banks such as Punjab and Maharashtra Co-operative (PMC) Bank, Yes Bank and Lakshmi Vilas Bank reignited the debate on the low level of insurance against the deposits held […]
SLDE And GHG Calculator
SLDE And GHG Calculator: The government has launched the Secured Logistics Document Exchange (SLDE) along with a Calculator for GreenHouse Gas (GHG) Emissions to boost Ease-Of-Doing Business in the country. In World Bank’s Ease-Of-Doing Business Report, 2020 India was ranked 63 out of 190 countries. Secured Logistics Document Exchange: The SLDE platform is a solution […]
Academic Bank Of Credit Under National Education Policy
Academic Bank Of Credit: Academic Bank of Credit (ABC), proposed under the National Education Policy (NEP) 2020, will be unveiled. Academic Bank of Credit (ABC) Set-up by the University Grants Commission (UGC). Under the ABC, students will be given multiple entry and exit options. This enables students to leave a degree or course and get […]
Food Systems Summit : Rome
Food Systems Summit: It is taking place in Rome. The Pre-Summit of the UN Food Systems Summit will set the stage for the culminating global event in September. Originally announced on 16 October 2019 by UN Secretary-General António Guterres, the UN Food Systems Summit, including a Pre-Summit, was conceived following conversations with the joint leadership […]
Foreign Contribution Regulation Act (FCRA) Certificate
Foreign Contribution Regulation Act (FCRA) Certificate: The Commonwealth Human Rights Initiative (CHRI) has challenged the suspension of its Foreign Contribution Regulation Act (FCRA) certificate for 180 days. The Ministry of Home Affairs (MHA) suspended CHRI’s certificate in violation of various provisions of the FCRA Act. Foreign Contribution (Regulation) Act (FCRA), 2010: Foreign funding of persons […]
India’s Foreign Exchange Reserves : July 2021
India’s Foreign Exchange Reserves: India’s foreign exchange reserves rose by $835 million to touch a record high of $612.73 billion in the week ended July 16, 2021, the Reserve Bank of India (RBI) data showed. According to weekly data from the RBI, forex reserves rose to a record $612.73 billion in the reporting week, helped […]
