World’s Debt To Increase In 2021: The Institute of International Finance (IIF) has reported that the world has never been more indebted before and the debt will further rise in the year 2021 with more borrowing ahead amid the covid-19 led economic crisis. Key Findings of IIF: As per the IIF, governments, companies, and households […]
Category: Economics Current Affairs
Diesel And Petrol Prices Hike : Reasons
Diesel And Petrol Prices Hike: Diesel and petrol prices have hit record highs across the country, with petrol touching Rs 89 per litre in Delhi, and diesel reaching a new high of Rs 86.30 per litre in Mumbai. The government reasons that global crude oil prices have risen by more than 50 per cent to […]
Draft Blue Economy Policy for India : Highlights
Draft Blue Economy Policy for India: The Ministry of Earth Sciences has asked for suggestions on the Draft Blue Economy Policy for India. The stakeholders such as NGOs, industry, academia, and citizens have been asked to submit their inputs and ideas by 27th February 2021. The Draft Blue Economy Policy was created by the government […]
What Is Credit Default Swap?
Credit Default Swap: The Reserve Bank of India revealed the credit default swaps (CDS) and has allowed the retail users to do the transactions in permitted credit derivatives in order to hedge their underlying credit risk. Key Highlights: As per the guidelines, the non-retail users will be allowed to do the transactions in credit derivatives […]
Rise In Sensex Reasons : Increased Foreign Portfolio Investments
Increased Foreign Portfolio Investments: The Sensex has risen 11.36%, post-Union Budget 2021-22 presentation, due to increased Foreign Portfolio Investments (FPIs). Sensex, otherwise known as the S&P BSE Sensex index, is the benchmark index of the Bombay Stock Exchange (BSE) in India. It comprises 30 of the largest and most actively traded stocks on the BSE […]
New System Of Faceless Assessment And Appeal : Tax Disputes
New System Of Faceless Assessment And Appeal: The Finance Secretary has said that the new system of faceless assessment and appeal would help bring down tax disputes substantially. Tax Disputes (Data): As per official data, the amount involved in tax disputes was over Rs. 11 lakh crore in FY19-end, up 23% over a year-ago. Since […]
Goa : 6th State To Complete Urban Local Bodies (ULB) Reforms
Urban Local Bodies (ULB) Reforms: Goa becomes the 6th State to complete Urban Local Bodies (ULB) reforms. Gets additional borrowing permission of Rs. 223 crore. Goa has joined five other States namely, Andhra Pradesh, Madhya Pradesh, Manipur, Rajasthan, and Telangana, who have completed ULB reforms. Reforms in ULBs and the urban utility reforms are aimed […]
Crude Oil Price Hike – Feb 2021 : Reasons and Impact on India
Crude Oil Price Hike: The price of Brent crude crossed the USD 60 per barrel mark after over a year. The rise in prices is because of production cuts by oil-producing countries and expectations of improvements in global demand as the Covid-19 vaccine is rolled out across the world. In April 2020, the West Texas […]
Financial Literacy Week 2021 : RBI
Financial Literacy Week 2021: The Reserve Bank of India (RBI) has launched the Financial Literacy Week (FLW) for the year 2021. The literacy week started from February 8 and will conclude on February 12, 2021. Financial Literacy Week (FLW)-2021 This year, the Financial Literacy week will focus on ‘Developing the credit discipline and encouraging availing […]
What are Index-linked Insurance Policies (ILIPs) ?
Index-linked Insurance Policies (ILIPs): A committee was set up by the Insurance Regulatory and Development Authority of India (IRDAI) on the request of some insurers. The committee has recommended introducing index-linked insurance policies (ILIPs). Index-linked insurance policies (ILIPs): The returns coming from the ILIPs will be linked to benchmark indices. ILIPs are the Insurance products […]
