Category: Economics Current Affairs

Market Based Economic Despatch (MBED): Central Electricity Regulatory Commission (CERC) has released the Framework for Implementation of Market Based Economic Despatch (MBED) – Phase1 for lowering the cost of power purchase to Consumers. Implementing an Market Based Economic Despatch (MBED) is an essential next step in reforming electricity market operations and in moving towards “One […]

Digital Divide: The Supreme Court has flaggedthe consequences of growing digital divide. It observed, the digital divide caused by online classes will defeat the fundamental right of every child to education Little children whose parents are too poor to afford laptops, tablets or an “optimum” Internet package at home for online classes during the pandemic […]

G-Sec Acquisition Programme (GSAP): The Reserve Bank of India (RBI) is halting its bond buying under the G-Sec Acquisition Programme (GSAP) for now. It said that the measure had succeeded in ensuring adequate liquidity and stabilising financial markets. Coupled with other liquidity measures, it facilitated congenial and orderly financing conditions and a conducive environment for […]

Monetary Policy Report: RBI The Reserve Bank of India (RBI) has released the Monetary Policy Report (MPR) for the month of October 2021. It kept the policy rate unchanged for the Eighth time in a row maintaining an accommodative stance till the recovery is durable. Unchanged Policy Rates: Repo Rate – 4%. Reverse Repo Rate […]

World Bank GDP Projection For India: According to the World Bank, India’s economy, South Asia’s largest, is expected to grow by 8.3% in the fiscal year 2021-22. The South Asia economic focus report projects the region to grow by 7.1% in 2021 and 2022. It is a biannual economic update presenting recent economic developments and […]

Cyber Security In Power Sector: Ministry of Power has released guidelines for the Cyber Security in Power Sector. Central Electricity Authority (CEA) under the provision of Section 3(10) on Cyber Security in the “Central Electricity Authority (Technical Standards for Connectivity to the Grid) (Amendment) Regulations, 2019” has framed Guideline on Cyber Security in Power Sector […]

High Ambition Coalition For Nature And People:   At a ceremony held between the French and Indian governments on 7th October in New Delhi, India officially joined the High Ambition Coalition for Nature and People, a group of more than 70 countries encouraging the adoption of the global goal to protect 30×30. HAC members currently […]

Application Ecosystem For Integration Of Procurement Portals: The Department of Food and Public Distribution has developed an application ecosystem for integration of procurement portals of all state governments. The Application Ecosystem will allow the integration of procurement portals of all state governments having Minimum Threshold Parameters (MTPs) for monitoring and strategic decision making. The introduction […]

What Is Interpol? The Interpol has launched an online campaign to apprise people of major cyberthreats to help them protect their computer systems, networks and personal information from cybercriminals. The three-week campaign, from October 4 to 22, would be run primarily through social media. Objective of the campaign: With cyber threats becoming increasingly sophisticated, in […]

PM MITRA Parks: To position India strongly on the Global textiles map, the Government of India has approved the setting up of 7 PM MITRA parks as announced in Union Budget for 2021-22. PM MITRA is inspired by the 5F vision of Prime Minister Modi. The ‘5F’ Formula encompasses – Farm to fibre; fibre to […]