Union Minister launched three new digital platforms: Union Minister launched three new digital platforms—Depot Darpan, Anna Mitra, and Anna Sahayata—to streamline India’s Public Distribution System (PDS), ensuring transparency, efficiency, and accountability. The Ministry of Consumer Affairs, Food and Public Distribution has unveiled three tech-driven initiatives to modernize warehousing, empower frontline workers, and improve grievance redressal […]
Category: Economics Current Affairs
Mizoram India’s First Fully Literate State
Mizoram India’s First Fully Literate State: The Chief Minister of Mizoram officially declared the state as fully literate. With this, Mizoram has become the first state in India to achieve complete literacy. Earlier, on 24.06.2024, Ladakh became the first administrative unit to declare full literacy. A state is considered fully literate when its literacy rate […]
India’s leading green finance institution, IREDA, has achieved a significant milestone by receiving an ‘Excellent’ rating
India’s leading green finance institution, IREDA, has achieved a significant milestone by receiving an ‘Excellent’ rating: The Indian Renewable Energy Development Agency Ltd. (IREDA), India’s premier green financing non-banking financial company (NBFC), has earned an ‘Excellent’ rating from the Department of Public Enterprises (DPE) for the financial year 2023-24. IREDA is now ranked among the […]
Directorate General of Foreign Trade
Directorate General of Foreign Trade: The Government of India has updated its import policy for gold and silver to align customs tariffs with trade regulations, as notified by the Directorate General of Foreign Trade (DGFT). The Directorate General of Foreign Trade (DGFT) is an attached office of the Ministry of Commerce and Industry. It is […]
RBI to Issue New Rs 20 Banknotes with Governor Sanjay Malhotra’s Signature
RBI to Issue New Rs 20 Banknotes with Governor Sanjay Malhotra’s Signature: The Reserve Bank of India (RBI) has announced that it will soon release new Rs 20 denomination banknotes bearing the signature of the newly appointed RBI Governor, Sanjay Malhotra. These banknotes will be part of the Mahatma Gandhi (New) Series and will retain […]
NSDL Reports Robust FPI Investment in May Amid Economic Stability
NSDL Reports Robust FPI Investment in May Amid Economic Stability: Foreign Portfolio Investors (FPIs) have demonstrated a renewed interest in Indian equity markets, infusing ₹4,452.3 crore between May 13 and 16, 2025, according to data from the National Securities Depository Limited (NSDL). With this, the total net investment by FPIs in May has reached ₹18,620 […]
Stagflation : Intensified In The United States
Stagflation: Intensified In The United States In May 2025, concerns over stagflation have intensified in the United States. Banks are now sitting on $482.4 billion in unrealized losses from securities investments, a 32.5% increase from the previous quarter, according to the Federal Deposit Insurance Corporation (FDIC). Stagflation is an economic phenomenon where an economy experiences […]
What is the Gig Economy
What is the Gig Economy: The gig workers’ meeting on “Current Developments, Challenges, and the Way Forward,” organized by the Gig Workers Association, highlighted critical issues within India’s gig economy and recommended the establishment of minimum wages, social security, and legal protections for gig and platform workers. It also called for the establishment of tripartite […]
Centralised Information Management System : RBI
Centralised Information Management System : RBI Regulated entities (REs) will now be required to report details of their digital lending apps (DLAs) through the Centralised Information Management System (CIMS) portal of the Reserve Bank of India (RBI). It was introduced by the Reserve Bank of India (RBI) to handle the massive data flow, aggregation, analysis, […]
Wadge Bank
Wadge Bank: Fishermen in Kanyakumari oppose the Union government’s proposed hydrocarbon exploration project at Wadge Bank under Hydrocarbon Exploration and Licensing Policy (HELP), fearing it will harm their livelihoods and the ecologically sensitive marine area.Wadge Bank is a submarine plateau in the Indian Ocean, located 80 km off Kanyakumari (Cape Comorin), lying in India’s Exclusive […]
