Category: Economics Current Affairs

European Bank For Reconstruction And Development: The European Bank for Reconstruction and Development (EBRD) recently pledged further support for war-torn Ukraine with plans to increase its capital by 3 billion-5 billion euros. European Bank for Reconstruction and Development (EBRD) is an international financial institution with the mandate to promote transition towards a sustainable, open market […]

London Interbank Offered Rate: The Reserve Bank of India (RBI) recently told banks and other regulated entities to ensure a complete transition away from the London Interbank Offered Rate (LIBOR). London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for […]

WPI Inflation Rate: The WPI inflation has fallen into negative for the first time since July 2020. According to data released by the Ministry of Commerce and Industry, INFLATION RATE based on Wholesale Price Index (WPI) fell to a near three-year low of (-) 0.92 % in April, slipping into negative territory for the first […]

Greenwashing TechSprint: The Reserve Bank of India (RBI) will join 12 international regulators in the Global Financial Innovation Network (GFIN)’s first-ever Greenwashing TechSprint to develop a tool to help regulators and the market effectively tackle the risks of greenwashing in financial services. Greenwashing refers to misleading the general public into believing that companies, sovereigns or […]

Centre For Processing Accelerated Corporate Exit (C-PACE): The Ministry of Corporate Affairs (MCA) has established the Centre for Processing Accelerated Corporate Exit (C-PACE) to centralize the process of striking off companies from the MCA Register. Striking off companies from the Ministry of Corporate Affairs (MCA) Register means removing defunct, non-operational, or dissolved companies from the […]

100 Days 100 Pays Campaign : RBI The Reserve Bank of India (RBI) recently announced the launch of the ‘100 Days 100 Pays’ campaign on June 1. This campaign aims to trace and settle the top 100 unclaimed deposits in every bank across all districts within a span of 100 days. 100 Days 100 Pays’ […]

SAKSHAM : Learning System The Union Health Ministry has introduced the SAKSHAM (Stimulating Advanced Knowledge for Sustainable Health Management), a Learning Management Information System (LMIS) of the Ministry of Health and Family Welfare. SAKSHAM serves as a comprehensive digital learning platform for offering online training and medical education to all healthcare professionals across the country. […]

Automated Return Scrutiny Module For GST Returns: The Central Board of Indirect Taxes and Customs (CBIC) has rolled out the Automated Return Scrutiny Module for GST returns. This module will enable the officers to carry out scrutiny of GST returns of Centre Administered Taxpayers selected on the basis of data analytics and risks identified by […]

Visva Bharati University: The Calcutta High Court granted interim relief to Nobel laureate Amartya Sen recently by prohibiting Visva Bharati University from acting on its decision asking him to relinquish a portion of his land at his property at Shantiniketan. Viswa Bharati University is one of India’s major Central Government funded autonomous Universitylocated in Santiniketan, […]