Category: Economics Current Affairs

NSE Nifty 50 : Cross The 20,000 Mark The NSE Nifty 50 recently managed to cross the 20,000 mark for the first time. NIFTY is a market index introduced by the National Stock Exchange (NSE). It is a blended word – National Stock Exchange and Fifty coined by NSE. Nifty was established in 1996 under […]

West Coast Refinery Project: India and Saudi Arabia recently agreed to speed up the implementation of the $50 billion West Coast refinery project. West Coast Refinery Project first conceptualised in 2014, the West Coast refinery project, also known as the Ratnagiri Refinery and Petrochemicals Ltd. (RRPCL), was envisioned as India’s largest greenfield refinery with a […]

17th Edition Of ANUTEC: At the 17th edition of ANUTEC – International FoodTec India, held in Mumbai, prominent figures from the industry and government unveiled a promising future for the food processing sector in India. It is on a remarkable trajectory of growth, poised to become one of the key drivers of the nation’s economy. […]

Eastern Economic Forum: The Union Minister of Ports, Shipping & Waterways will attend the Eastern Economic Forum, which is being held at the Russian port city of Vladivostok. Eastern Economic Forum was established in 2015 to support the economic development of Russia’s Far East and to expand international cooperation in the Asia-Pacific region. It is […]

Vidya Samiksha Kendras:   Under the National Digital Education Architecture (NDEAR), the Ministry of Education is pushing the establishment of Vidya Samiksha Kendras (VSKs) across states. This initiative aligns with the National Education Policy, 2020. Currently, at the Central level, a VSK centre is housed in the Central Institute of Educational Technology building in the […]

Interbank Call Money Market: The RBI is likely to launch the pilot of central bank digital currency (CBDC) for transactions for interbank borrowing or call money market. Money Market basically refers to a section of the financial market where financial instruments with high liquidity and short-term maturities are traded. It includes buying and selling of […]

Mandatory Hallmarking : Third Phase The third phase of mandatory hallmarking in India, starting from September 8, 2023, will include an additional 55 districts, bringing the total number of districts covered under this system to 343. Hallmarking is like a quality stamp for jewellery and precious metal items. It tells you how pure or good […]

Fintech Self-Regulatory Organizations : RBI The Reserve Bank of India (RBI) Governor recently urged fintech entities to establish Self-Regulatory Organizations (SROs) in the rapidly evolving fintech sector. Fintech Self-Regulatory Organizations (SROs): Financial technology or Fintech refers to innovative technologies designed to enhance and automate the delivery of financial services. Fintech encompasses technological advancements across various […]

Sovereign Gold Bond (SGB) Scheme : RBI The Reserve Bank of India (RBI) recently announced the issue price for the upcoming Sovereign Gold Bond (SGB) Tranche 2. Sovereign Gold Bond (SGB) Scheme were introduced by the Government of India in 2015 under the Gold Monetization Scheme. SGBs are government securities issued by the RBI on […]

First Transit Card Of Nation: State Bank of India has launched its ‘Nation First Transit Card’, a RuPay prepaid instrument under the National Common Mobility Card (NCMC) that can be used nationwide. Nation First Transit Card aims to facilitate a seamless and convenient customer commuting experience and ensure easy digital ticketing fare payments in metro, […]