Category: Economics Current Affairs

4th Periodic Review Of The ICCPR: India successfully concluded its 4th periodic review by the Human Rights Committee under the International Covenant on Civil and Political Rights (ICCPR) in Geneva. The ICCPR is an important international human rights treaty that, along with other key documents, forms the International Bill of Human Rights. It obligates countries […]

Asian Development Bank: The Asian Development Bank (ADB) recently retained India’s GDP growth forecast for the current financial year at 7%. Asian Development Bank (ADB) is a multilateral development bankestablished on 19th December 1966. It is the principal international development finance institution for the Asia-Pacific It envisions a prosperous, inclusive, resilient, and sustainable Asia and […]

National Bank For Financing Infrastructure And Development : Increase The Capital Base The government wants to increase the capital base of the National Bank for Financing Infrastructure and Development, or NaBFID, to 1 trillion through support from banks. National Bank for Financing Infrastructure and Development was set up in 2021, by an Act of the […]

PM SHRI (PM Schools for Rising India) Scheme : Oppose After Punjab, West Bengal, and Delhi refused participation in the PM-SHRI scheme, the Education Ministry has stopped funds to the three states under the Centre’s flagship Samagra Shiksha Abhiyan (SSA). PM SHRI Scheme is a centrally sponsored scheme by the Government of India. Its objective […]

ASMITA Project: The Ministry of Education and the University Grants Commission (UGC) recently unveiled the ASMITA Project, aimed at bolstering the availability of educational resources in Indian languages. ASMITA (Augmenting Study Materials in Indian Languages through Translation and Academic Writing) is an initiative to develop 22,000 books in Indian languages in the next five years. […]

What Are 15-minute Neighborhoods? The 15-minute neighbourhood concept is an urban planning approach where all essential services and amenities—such as groceries, schools, healthcare, and recreational facilities—are accessible within a 15-minute walk or bike ride from residents’ homes. This model aims to reduce car reliance, improve environmental sustainability, and enhance community well-being by promoting walkability and […]

Consumer Price Index For Industrial Workers (CPI-IW): The Labour Bureau under the Ministry of Labour & Employment, has been compiling the Consumer Price Index for Industrial Workers (CPI-IW) every month. Inflation for the month of May, 2024 moderated to 3.86% as compared to 4.42% in May, 2023. The CPI-IW is mainly used for determining dearness […]

RBI’s Financial Inclusion Index: The Reserve Bank of India (RBI) has announced that the Financial Inclusion Index (FI-Index) has risen to 64.2 in March 2024, up from 60.1 in March 2023, indicating significant progress in financial inclusion across the country. The FI-Index is a comprehensive measure of financial inclusion, ranging from 0 to 100, with […]

Liberalised Remittance Scheme : RBI   The Reserve Bank of India (RBI) in a notification issued recently allowed resident individuals to open Foreign Currency Accounts (FCAs) in International Financial Services Centres (IFSCs) at GIFT City in Gujarat under the Liberalised Remittance Scheme (LRS). Liberalised Remittance Scheme (LRS) is a foreign exchange policy initiative introduced by […]

Employment Rate Rises Significantly In FY24 : RBI The Reserve Bank of India (RBI) data revealed a significant rise in India’s employment rate, growing by 6% in FY24 from 3.2% in FY23, reflecting positive trends in the labour market. The RBI’s India KLEMS [Capital (K), Labour (L), Energy (E), Material (M) and Services (S)] database […]