Restoration of benefits under the Remission of Duties and Taxes on Exported Products: The Government of India has announced the restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports made by Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and units operating in Special Economic Zones (SEZs). It […]
Category: Economics Current Affairs
Open Interest in the Stock Market
Open Interest in the Stock Market: SEBI recently announced a sweeping overhaul of its equity F&O framework, introducing a new Future Equivalent (FutEq) method to assess open interest more accurately. Open Interest is a term commonly used in Futures and Options (F&O) trading, where the number of open contracts changes on a daily basis. Every […]
India Crypto Policy
India Crypto Policy: A Trump-linked US firm, World Liberty Financial Inc (WLFI), has signed an MoU with Pakistan’s Crypto Council to develop a crypto-based financial system, prompting geopolitical and security concerns for India. India Crypto Policy: Pakistan’s Crypto Pact with WLFI: MoU Signed: Pakistan’s newly-formed Crypto Council and WLFI have agreed to introduce stablecoins, monetize […]
Sugar Boards
Sugar Boards: To combat the rising health risks associated with excessive sugar consumption among school children, the Central Board of Secondary Education (CBSE) has mandated the establishment of ‘sugar boards’ in over 24,000 affiliated schools across India. ‘Sugar boards’ visually display the sugar content in common beverages and snacks, educating children about the health risks […]
India Becomes World’s 4th Largest Economy
India Becomes World’s 4th Largest Economy: At the 10th NITI Aayog (National Institution for Transforming India) Governing Council Meeting, NITI Aayog CEO announced that India has overtaken Japan to become the world’s 4th largest economy, with its GDP crossing USD 4 trillion.India remains the world’s fastest-growing major economy and is the only country projected to […]
Debt Recovery Tribunals
Debt Recovery Tribunals: The Department of Financial Services (DFS) under the Ministry of Finance organised a colloquium recently at New Delhi, bringing together Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs). Debt Recovery Tribunals (DRTs) are quasi-judicial bodies established under the Recovery of Debts Due to Banks and […]
New Development Bank : Algeria Joined
New Development Bank: Algeria Joined Algeria has officially joined the BRICS-backed New Development Bank (NDB), marking a major expansion of the bank’s influence into North Africa. The New Development Bank (NDB), formerly known as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China, and South Africa). […]
Fitch Raises India’s Medium-Term Growth Outlook to 6.4% till FY26
Fitch Raises India’s Medium-Term Growth Outlook to 6.4% till FY26: Fitch Ratings has upgraded India’s medium-term GDP growth projection to 6.4% till FY2026, citing improved labour force participation and reduced pandemic-related economic scarring. This revision comes even as Fitch trims growth forecasts for most other emerging markets, with countries like China facing deeper structural challenges. […]
RBI Sells Nearly $400 Billion in FY25
RBI Sells Nearly $400 Billion in FY25: The Reserve Bank of India (RBI) sold a record $398.71 billion worth of foreign currency on a gross basis in FY2024-25. This marks the highest-ever intervention by the central bank, reflecting its aggressive stance amid geopolitical uncertainty and the fear of global economic disruption, particularly linked to potential […]
Centre Launches Nationwide Drive to Make Educational Institutions Tobacco-Free
Centre Launches Nationwide Drive to Make Educational Institutions Tobacco-Free: The Ministry of Education has launched a nationwide enforcement drive aimed at making educational institutions tobacco and substance-free zones. This move comes as part of efforts to protect the country’s youth from the harmful effects of tobacco, alcohol, and drug abuse, with active participation expected from […]
