Category: Economics Current Affairs

Udyog Aadhaar Memorandum: Ministry of Micro, Small and Medium Enterprises Extends Validity of Udyog Aadhaar Memorandum from 31st March, 2021 to 31st December, 2021. The Ministry for MSME in September 2015 notified Udyog Aadhaar to ensure ease of registration and wider coverage of MSMEs to avail the benefits under various Schemes of Central/ State governments. […]

Cross-Disability Early Intervention Centres: Minister for Social Justice & Empowerment inaugurated 14 Cross-Disability Early Intervention Centres located at 7 National Institutes and 7 Composite Regional Centres. These have been established under the Department of Empowerment of Persons with Disabilities (DEPwD), Ministry of Social Justice and Empowerment. These have been set up at 7 National Institutes […]

BRICS Network Universities: A three-day virtual Conference of BRICS Network Universities on the theme of electric mobility was inaugurated at IIT Bombay. This conference is part of the engagements that India is hosting under the education stream during its Chairship of the 13th BRICS Summit this year. BRICS Network University is a union of higher […]

5th Edition Of VivaTech: Prime Minister Shri Narendra Modi delivered the keynote address at the 5th edition of VivaTech on 16th June 2021. The 5th edition of VivaTech is scheduled between 16-19 June 2021. He invited the world to invest in India based on the five pillars of Talent, Market, Capital, Eco-system and, Culture of […]

44th GST Council Meeting: The 44th GST Council met under the Chairmanship of the Union Finance Minister. The Council in its meeting has decided to reduce the GST rates on various items being used in Covid-19 relief and management till 30th September 2021. Key highlights: It decided to waive the tax levied on two critical […]

El Salvador First In The World To Adopt Bitcoin, As Legal Tender: El Salvador, a small coastal country in Central America has become the first in the world to adopt Bitcoin, as legal tender. Legal tender is the legally recognized money within a given political jurisdiction. Bitcoin: Introduced in 2009, it is a type of […]

Global Economic Prospects: World Bank: The World Bank has released its June 2021 Global Economic Prospects where it has forecast India’s GDP growth to be 8.3% for the year 2021-22. India’s economy is expected to grow at 8.3% for Fiscal Year 2021-22, 7.5% for 2022-23 and 6.5% for 2023-24. The world economy is expected to […]

Confederation Of Hospitality, Technology & Tourism Industry (CHATT): Airbnb, EaseMyTrip, OYO and Yatra have established a new industry association called “Confederation of Hospitality, Technology & Tourism Industry (CHATT)”. CHATT will help small companies and travel & hospitality technology players. CHATT association: It will promote domestic tourism and help in digital transformation of domestic tourism. It […]

Saral Jeevan Bima: IRDAI: Saral Jeevan Bima, launched by IRDAI (Insurance Regulatory and Development Authority of India) in 2020, has become a popular term life insurance product among the masses. IRDAI is an autonomous body that was established in 1999 to regulate and develop the insurance industry. IRDAI in October 2020 had mandated all life […]

Fugitive Economic Offenders And Assets.: Union Minister Dr Jitendra Singh addressed the Special Session of the UN General Assembly on international cooperation to combat the challenge of Fugitive Economic Offenders and Assets. Fugitive Economic Offenders Bill, 2018 The bill was passed by both the houses of Parliament in 2018 after the Nirav Modi–PNB fraud worth […]