Category: Economics Current Affairs

International Child Sexual Exploitation (ICSE) Initiative: India’s Central Bureau of Investigation has joined the Interpol’s International Child Sexual Exploitation (ICSE) initiative. This will allow it to collaborate with investigators in other countries for detecting child sex abuse online and identifying abusers, victims, and crime scenes from audio-visual clips using specialised software. Interpol is the world’s […]

Mechanism To Settle Trade Payments In Indian Rupee : RBI RBI has set up a mechanism to settle trade payments in Indian rupee. The central bank has put in place this additional arrangement for invoicing, payment, and settlement of exports and imports in rupee. The move is aimed at promoting growth of global trade with […]

The Impact Of Inflation On India’s Poor: The impact of inflation on India’s poor would be negligible as per a United Nations Development Programme report on ‘Addressing the Cost of Living Crisis in Developing Countries’, which also looked at the ripple effects of the Russia-Ukraine war such as energy and food market disruptions. While soaring […]

Child Labour: The Centre does not have any data on child labour in the country and a reason for this is the drying up of budgetary provisions meant for the National Child Labour Project (NCLP), which had been monitoring the issue for about three decades. Since the NCLP was merged with the Samagra Shiksha Abhiyan […]

Sovereign Wealth Funds (SWF): High Crude Oil prices have been advantageous for the countries to invest through their Sovereign wealth funds. Six of the top 10 countries by SWFs are oil-rich economies. A sovereign wealth fund is a state-owned investment fund comprised of the money generated by the government, often derived from a country’s surplus […]

Digital Nomad Visas: Indonesia has announced “Digital Nomad Visas” for travellers, to attract more foreign tourists. Digital Nomads are people who work remotely while travelling to different places and spending their earned income in the country they are travelling to. Unlike regular remote workers, who tend to stay in one geographic area, digital nomads travel […]

Foreign Portfolio Investors: June 2022 witnessed the worst Foreign Portfolio Investor (FPI) selloff since March 2020 when India announced a nationwide lockdown at Rs. 50,000 crore. June was also the ninth on the trot that FPIs had sold net of their assets i.e. sold more than they had purchased. Foreign portfolio investors are those that […]

Development Of Enterprise And Service Hubs (DESH): The government plans to table the Development of Enterprise and Service Hubs (DESH) Bill to overhaul the special economic zones (SEZ) legislation. DESHs as the DESH Act will replace the current SEZ Act of 2005. WTO’s dispute settlement panel has ruled that India’s export-related schemes, including the SEZ […]

Partnership For Global Infrastructure And Investment (PGII): On June 26, the G-7 grouping of the world’s “most industrialised nations” Canada, France, Germany, Italy, the U.K., Japan and the U.S. along with the European Union (EU) launched a U.S.-led $600 billion Partnership for Global Infrastructure and Investment (PGII) at their summit in Germany’s Schloss Elmau, where […]

National Investigation Agency: The Union Home Ministry handed over the probe into the barbaric killing of a pharmacist at Amravati in Maharashtra to the National Investigation Agency (NIA). The NIA is the Central Counter-Terrorism Law Enforcement Agency of India mandated to investigate all the offences affecting the sovereignty, security and integrity of India. It includes: […]