Centre Hikes MSP on Jute: The Centre has made a significant decision to increase the Minimum Support Price (MSP) for raw jute by Rs 315, setting it at Rs 5,650 per quintal for the 2025-26 marketing season. This move, approved by the Union Cabinet, aims to provide farmers with a return of 66.8 per cent […]
Category: Economics Current Affairs
RBI’s Strategic Liquidity Infusion to Stabilize Money Markets
RBI’s Strategic Liquidity Infusion to Stabilize Money Markets: The Reserve Bank of India (RBI) has conducted a series of Variable Rate Repo (VRR) auctions, infusing a substantial ₹76,000 crore into the financial ecosystem. This initiative aims to alleviate the liquidity deficit and stabilize short-term interest rates, particularly the call money rates, which had been trading […]
RBI Tightens Guidelines for ARCs in Borrower Settlements
RBI Tightens Guidelines for ARCs in Borrower Settlements: The Reserve Bank of India (RBI) has introduced stricter guidelines for Asset Reconstruction Companies (ARCs) to enhance transparency and accountability in borrower settlements. These revisions aim to standardize procedures and align them with practices of banks and non-banking financial companies (NBFCs).ARCs are now mandated to establish board-approved […]
Neeraj Parakh Appointed as CEO and Executive Director of Reliance Power
Neeraj Parakh Appointed as CEO and Executive Director of Reliance Power: Reliance Power Limited has appointed Neeraj Parakh as its Executive Director and Chief Executive Officer (CEO), effective January 20, 2025, for a tenure of three years, subject to shareholder approval.Parakh brings over 29 years of professional experience, with more than 20 years dedicated to […]
Asset Reconstruction Companies : RBI New Guideline
Asset Reconstruction Companies : RBI The Reserve Bank of India (RBI) recently issued new rules aimed at streamlining and tightening the settlement process for dues payable by borrowers to Asset Reconstruction Companies (ARCs). News Rules issued by the RBI: The revised framework by the RBI mandates that ARCs adopt a more structured approach to settle […]
RBI Constitutes New Advisory Committee for Bank Licensing
RBI Constitutes New Advisory Committee for Bank Licensing: The Reserve Bank of India (RBI) established a new Standing External Advisory Committee (SEAC) to evaluate applications for Universal Banks and Small Finance Banks (SFBs). This committee is chaired by former RBI Deputy Governor M. K. Jain and comprises five members. The SEAC includes: M. K. Jain: […]
Draft Regulations for the Selection and Appointment of Vice Chancellors
Draft Regulations for the Selection and Appointment of Vice Chancellors: The University Grants Commission (UGC) recently released draft regulations for the selection and appointment of Vice Chancellors (VCs) in universities, sparking controversy. UGC Draft Regulation on Vice Chancellors: The Chancellor/Visitor will form a three-member Search-cum-Selection Committee. The committee will include nominees from the Chancellor/Visitor, UGC […]
Coffee : India Is Now The Seventh-Largest Producer
Coffee : India Is Now The Seventh-Largest Producer India is now the seventh-largest coffee producer globally with exports reaching $1.29 billion in FY 2023-24, almost double the $719.42 million in 2020-21. Climatic Conditions for Coffee Cultivation: Temperature: Ideal range is 15°C to 28°C. Rainfall: Requires 150-250 cm of annual rainfall. Soil: Grows best in well-drained, […]
Pradhan Mantri Mudra Yojana (PMMY) recorded an all-time high disbursal
Pradhan Mantri Mudra Yojana (PMMY) recorded an all-time high disbursal: In the third quarter of the fiscal year 2024-25, the Pradhan Mantri Mudra Yojana (PMMY) achieved a historic milestone by disbursing ₹3.39 lakh crore in loans, marking the highest quarterly disbursement since the scheme’s inception in 2015. This significant uptick underscores the government’s ongoing commitment […]
Forbes Billionaires List 2025
Forbes Billionaires List 2025: World’s Top 10 Richest People in 2025: Global business leaders and entrepreneurs have experienced an extraordinary rise in wealth, significantly increasing their net worth through innovation and strategic foresight. According to Forbes’ latest rankings, Elon Musk has begun 2025 at the pinnacle of wealth, ranking as the world’s richest person, with […]
