Gender Inclusion Fund: The Minister of State for Education informed the Lok Sabha about the Gender Inclusion Fund (GIF), mentioned in the National Education Policy (NEP), 2020. Gender Inclusion Fund (GIF)fund will be utilised to ensure that all kids receive a high-quality education. It will also be used to guarantee that amenities such as secure […]
Category: Economics Current Affairs
AMC Repo Clearing Limited
AMC Repo Clearing Limited: The Ministry of Finance inaugurated the Limited Purpose Clearing Corporation (LPCC) called AMC Repo Clearing Limited (ARCL). AMC Repo Clearing Limited (ARCL) is a Limited Purpose Clearing Corporation that provides clearing and settlement services to all trades made in corporate debt securities on the National Stock Exchange (NSE) and Bombay Stock […]
MSME RuPay Credit Card
MSME RuPay Credit Card: The Ministry of Micro Small and Medium Enterprises (MSME), in association with the National Payment Corporation of India (NPCI) had launched the MSME RuPay Credit Card on a pilot basis, pan-India for Udyam registered MSMEs. The MSME RuPay Credit Card provides a simplified payment mechanism to MSMEs to meet their business-related […]
Foreign Exchange Reserves : Declined
Foreign Exchange Reserves : Declined India’s Forex Reserves recently declined by $1.9 billion to $607.03 billion, its lowest level in nearly 3 months. Foreign Exchange Reserves are reserve assets held by a central bank in foreign currencies. They are used to back liabilities on their own issued currency, support the exchange rate and set monetary […]
National Digital Nagrik Forum
National Digital Nagrik Forum: The Confederation of All India Traders (CAIT) Sunday announced the creation of a National Digital Nagrik Forum. National Digital Nagrik Forum is an online platform that aims to advance the rights of traders and consumers and other sections of society, and shape policy to boost the digital trade economy. The forum […]
ULLAS Initiative : Launched Logo And slogan
ULLAS Initiative : Launched Logo And slogan The Union Minister of Education launched the logo, slogan-Jan Jan Sakshar and mobile application of ULLAS in New Delhi. The Understanding Lifelong Learning for All in Society (ULLAS) initiative is poised to revolutionise education and literacy across the nation. It is done by fostering a learning ecosystem that […]
Standing Committee on Statistics : Meeting
Standing Committee on Statistics : Meeting The new Standing Committee on Statistics (SCoS) held its first meeting. The newly-formed Standing Committee on Statistics held its first meeting recently and discussed the yet-to-be-released results of the Annual Survey of Industries and Annual Survey of Unincorporated Enterprises in detail. The Annual Survey of Industries (ASI) covers all […]
Digital Payment Index : RBI
Digital Payment Index : RBI As per Reserve Bank of India’s Digital Payments Index (RBI-DPI) , Digital payments across the country registered a growth of 13.24% in a year through March 2023. Digital Payment Index has been constructed by the RBI to measure the extent of digitisation of payments across the country. It is based […]
Corporate Debt Market Development Fund (CDMDF)
Corporate Debt Market Development Fund (CDMDF): The Union Finance Minister launched the Corporate Debt Market Development Fund (CDMDF). Corporate Debt Market Development Fund is a backstop facility for specified debt funds during market dislocations. The fund is intended to provide liquidity support in the event of a financial crisis. It will be in the form […]
Full-Reserve Banking Versus Fractional-Reserve Banking
Full-Reserve Banking Versus Fractional-Reserve Banking: Economists are engaged in a debate regarding Full-Reserve Banking (100% reserve banking) versus Fractional-Reserve Banking. While both systems have their proponents and critics, understanding the key differences between them is crucial in assessing their potential impact on economic growth and financial stability. Full-Reserve Banking: Under full-reserve banking, banks are strictly […]
