Category: Economics Current Affairs

The First Meeting Of The National Startup Advisory Council (NSAC): The first meeting of the National Startup Advisory Council (NSAC) was held recently. National Startup Advisory Council constituted by the ‘Department for Promotion of Industry and Internal Trade (DPIIT). Its role is to advise the Government on measures needed to build a strong ecosystem for […]

Regional Comprehensive Economic Partnership (RCEP) Pact: Singapore’s Foreign Minister Vivian Balakrishnan recently said that he hoped India would “reassess” its stand on regional trading agreements such as the Regional Comprehensive Economic Partnership (RCEP) pact that India withdrew from in 2019. India had “a crucial role” to play in helping the region build an inclusive architecture […]

India’s Public Debt: As per Moody’s Investors Service, India’s public debt level is among the highest in emerging economies with a quantitative easing programme underway, while its debt affordability is among the weakest. Public debt is the total amount borrowed by the government of a country. In the Indian context, public debt includes the total […]

Global Minimum Corporate Tax Rate: The US Treasury Secretary has urged G20 nations to move towards a global minimum corporate tax. It is an attempt to reverse a “30-year race to the bottom” in which countries have resorted to slashing corporate tax rates to attract multinational corporations (MNCs). Proposal on a Global Minimum Corporate Tax […]

Begging: The Supreme Court has asked the Centre and four States to file their response within three weeks on a plea seeking a direction to repeal the provisions criminalizing begging. The plea has referred to the August 2018 verdict of the Delhi High Court which had decriminalised begging in the national capital and said provisions […]

Freedom Of Navigation Operation (FONOP) In The Indian EEZ: India has protested the U.S. decision to conduct a patrol in the Indian Exclusive Economic Zone (EEZ) in the western Indian Ocean, rejecting the U.S.’s claim that its domestic maritime law was in violation of international law. In a rare and unusual public statement, the U.S. […]

The Supreme Court: People Are Free To Choose Their Religion: The Supreme Court said that people are free to choose their religion, even as it lashed out at a petition claiming there is mass religious conversion happening “by hook or by crook” across the country. The supreme court said that people have a right under […]

Monetary Policy: Short Term Lending Rate Or The Repo Rate Unchanged: The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep its short-term lending rate or the repo rate unchanged at 4 percent, in line with market expectations. Announcing the monetary policy, RBI Governor said the central bank will maintain its ‘accommodative […]

Government Security Acquisition Programme (G-SAP) 1.0: The Reserve Bank of India (RBI) has put in place a secondary market Government Security Acquisition Programme (G-SAP) 1.0 for orderly evolution of the yield curve in FY22. Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees). […]

Indian Energy Exchange (IEX): The electricity market at Indian Energy Exchange (IEX) achieved an all-time high volume of 8,248.52 MU (million units) in the month of March 2021 surpassing all the previous milestones. It is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable […]