Category: Economics Current Affairs

E-Way Bill Integration with FASTag, RFID: The Union Government has integrated the E-Way Bill (EWB) system with FasTag and RFID. Electronic Way (E-Way) Bill: E-Way Bill is usually a unique bill number generated for the specific consignment involving the movement of goods. Under the Goods and Services Tax (GST) regime, EWBs are mandatory for inter-state […]

Hike On Fertiliser Subsidy: The government takes a historic pro-farmer decision of hiking fertilizer subsidy. PM Narendra Modi chaired a high-level meeting on the issue of fertilizer prices. It was discussed that the price of fertilisers is undergoing an increase due to the rising prices of phosphoric acid, ammonia, etc internationally. A historic decision was […]

‘Infrastructure Status For Exhibition And Convention Centres: The Finance Ministry has granted ‘Infrastructure’ status for exhibition and convention centers, a move that is expected to ease bank financing for such projects. ‘Exhibition-cum-Convention Centre is included in the Harmonised Master List of Infrastructure sub-sectors by insertion of a new item in the category of Social and […]

Cryptocurrency: Crashing As Much As 30% Within 24 Hours: The cryptocurrency market saw a big correction with prices of major currencies, including Bitcoin, Ethereum, BNB, and others crashing as much as 30% within 24 hours. China announced: This came in the backdrop of Chinese regulators announcing a crackdown on cryptocurrencies. China has barred financial institutions […]

Electoral Bonds: The Electoral Bonds worth Rs. 695.34 crore were sold during elections to the Assemblies of Tamil Nadu, Puducherry, West Bengal, Assam, and Kerala. The amount sold was the highest-ever for any Assembly elections since the scheme started in 2018. Electoral Bond is a financial instrument for making donations to political parties. The bonds […]

Customs (Import of Goods at Concessional Rate of Duty) Rules: Changes: The Government has brought changes in the existing Customs (Import of Goods at Concessional Rate of Duty) Rules, IGCR 2017 to boost trade facilitation. The Central Board of Indirect Taxes and Customs has introduced changes through the Customs (Import of Goods at Concessional Rate […]

Proposal For Gold Exchange: The Securities and Exchange Board of India (SEBI) has proposed a framework for setting up a spot gold exchange. The spot exchange is where financial instruments, such as commodities, currencies, and securities, are traded for immediate delivery. SEBI is a statutory body established in April 1992 in accordance with the provisions […]

PM CARES:: A plea was filed in the Supreme Court seeking a direction to utilise the PM-CARES fund for immediate procurement of vaccines and establishment of oxygen plants, generators and their installation in 738 district hospitals across the country. The petition said the government should loosen its PM-CARES purse strings and help common people in […]

SWAMIH Fund: The Government of India’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completed its first residential project. The residential project – Rivali Park, located in suburban Mumbai, was the first housing project in India to have received funding under the SWAMIH Fund. SWAMIH Fund: This is a government-backed fund that was set up […]

Sovereign Gold Bonds: The Central Government in consultation with the Reserve Bank of India has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from 17th May to September 2021. The Bonds will be sold through Scheduled Commercial banks (except Small Finance Banks and Payment Banks), Stock Holding […]