Electronic Gold Receipt: India’s Electronic Gold Receipt (EGR) ecosystem has come into focus as the country’s Gold Exchange promotes transparent, standardized, and exchange-based trading of physical gold. By digitising ownership while retaining the option of physical delivery, EGRs are modernising India’s bullion market and strengthening investor confidence. The Securities and Exchange Board of India (SEBI)-regulated […]
Category: Economics Current Affairs
India Allows FDI in Inventory-Based E-Commerce Model for Exports
India Allows FDI in Inventory-Based E-Commerce Model for Exports: The government has revised the Foreign Direct Investment policy to permit foreign-funded e-commerce entities to maintain inventories exclusively for exporting goods manufactured or produced in India. Foreign-owned e-commerce companies can now own and manage inventory in India, provided the goods are domestically produced and sold only […]
Mission Golden Spice
Mission Golden Spice: The Union Minister for Communications and Development of North Eastern Region (MDoNER) launched the Mission Golden Spice. Mission Golden Spice is an integrated Lakadong Turmeric Value Chain Enhancement Project. It is a convergence-led initiative for turmeric cultivation and value-chain development in the State of Meghalaya. Time Period: Five-year roadmap (2025–2030) It is […]
India’s Rising Inflation
India’s Rising Inflation: India’s Wholesale Price Index (WPI) inflation has surged to around 10%, marking its sharpest rise in over a decade (excluding the Covid-19 period). The spike has reignited concerns over inflation, with rising fuel, power, and manufactured goods prices emerging as the primary drivers rather than excessive consumer demand. India’s headline Consumer Price […]
Polymer Currency Notes
Polymer Currency Notes: The Reserve Bank of India (RBI) is actively reviving a decade-old plan to introduce polymer (plastic) currency notes.The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly-owned subsidiary of the RBI, issued a global Expression of Interest (EOI) for the supply of Biaxially Oriented Polypropylene (BOPP)-based polymer substrate.This marks a significant […]
Central Bureau of Narcotics
Central Bureau of Narcotics: The Central Bureau of Narcotics (CBN) has prevented an attempt to illegally divert an export consignment of 12 crore high-strength Tramadol Hydrochloride tablets. Central Bureau of Narcotics is a central government organization dealing with the international trade of Narcotic Drugs, Psychotropic Substances, and Precursor Chemicals. It works under the ambit of […]
Index of Core Industries with Base Year 2022-23
Index of Core Industries with Base Year 2022-23: The Office of Economic Adviser (OEA), Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, released the first provisional Index of Core Industries (ICI) under a new series with the base year 2022-23. The 2022–23 base year series replaces the […]
Article White Gold: India’s Cotton Story
Article White Gold: India’s Cotton Story The PIB published the feature article White Gold: India’s Cotton Story – From Seed to Shirt, highlighting India’s cotton sector, recent policy initiatives, and its role in agriculture, textiles, and exports. White Gold: India’s Cotton Story is a PIB feature highlighting the importance of cotton in India’s agricultural, industrial, […]
Electronic Gold Receipts
Electronic Gold Receipts: The National Stock Exchange of India (NSE) introduced Electronic Gold Receipts (EGRs) which is a new exchange-traded segment for buying and selling gold in electronic form. Electronic Gold Receipts (EGRs) are exchange-traded securities representing ownership of physical gold (specified purity) stored in SEBI-regulated vaults. They can be held electronically in a demat […]
Directorate General of Maritime Administration
Directorate General of Maritime Administration: The Directorate General of Maritime Administration (DGMA) has directed ship-owners to avoid deploying Indian seafarers on vessels undertaking voyages through the Strait of Hormuz until further orders. Directorate General of Maritime Administration is the apex maritime authority of the Government of India which was established in September 1949. It is […]
