UGC Proposes Clustering Of Colleges: The University Grants Commission (UGC) has finalised guidelines for transforming colleges and universities into multidisciplinary institutions and has prescribed three different approaches which include “clustering” of establishments located in proximity to each other. The UGC will make public its “Guidelines for transforming higher educational institutions into multidisciplinary institutions”. These aim […]
Category: Economics Current Affairs
Delhi Model Virtual School (DMVS)
Delhi Model Virtual School (DMVS): The Delhi government has started the “Delhi Model Virtual School” to provide opportunities to the students of the National Capital Region and beyond. It is an online platform, which will conduct completely online classes, and will help the students to complete their studies without visiting the school. This school will […]
Inflation
Inflation: There are wide disparities in the pace of price rise experienced by consumers across the country, with a dozen States clocking an average inflation of less than 6% and another 12 States averaging more than 7% through 2022 so far. Headline inflation measured by the Consumer Price Index has averaged 6.8% in the first […]
Registry To Check Bank Fraud
Registry To Check Bank Fraud: The Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud. Such a database would help prevent fraudsters from repeating the offence as the websites or phone numbers would be blacklisted, RBI executive director Anil […]
Indian Economy Growth Prediction 2022
Indian Economy: Finance Minister Nirmala Sitharaman has said that the Indian economy will grow at the rate of 7.4 percent in the current fiscal as well as in the next year. She said, International Monetary Fund and the World Bank have projected India’s growth to be the fastest for the next two fiscal years, and […]
Central Bank Digital Currency (CBDC)
Central Bank Digital Currency (CBDC): Reserve Bank of India’s (RBI) digital rupee — the Central Bank Digital Currency (CBDC) — may be introduced in phases beginning with wholesale businesses in the current financial year. RBI had proposed amendments to the Reserve Bank of India Act, 1934, which would enable it to launch a CBDC. Central […]
New Delhi Excise Policy 2021-22
New Delhi Excise Policy 2021-22: The New Delhi Excise Policy 2021-22, which sought to ensure optimum revenue for the State government and confront the sale of spurious or bootlegged liquor ran widespread allegations of “procedural lapses”. This has forced the government to scrap it with effect from August 1, 2022 Under the new policy, the […]
Sovereign Gold Bond Scheme
Sovereign Gold Bond Scheme: Sovereign Gold Bonds(SGB) 2022-23 (Series II) will be opened for subscription during the period August 22-26, 2022 with a Settlement date of August 30, 2022. SGB scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings – […]
CAROTAR, 2020
CAROTAR, 2020: The Central Board of Indirect Taxes and Customs (CBIC) issued a circular, stating that custom officers should be sensitive in applying CAROTAR (Customs Administration of Rules of Origin under Trade Agreements) Rules, 2020 and maintain consistency with the provisions of relevant trade agreements or its Rules of Origin. Exemptions specified in a Free […]
Governing Council Meeting Of NITI Aayog
Governing Council Meeting Of NITI Aayog: The Prime Minister chaired the seventh meeting of the Governing Council (GC) of NITI Aayog. Key Agenda: Crop diversification and achieving self-sufficiency in pulses, oilseeds and other agri-commodities Implementation of National Education Policy (NEP) in school Education, Implementation of National Education Policy in higher education, and Urban governance. PM’s […]
