Central Bank Digital Currency : RBI The Reserve Bank of India (RBI) Governor has highlighted the potential of Central Bank Digital Currency (CBDC) or E-rupee in improving cross-border payments’ efficiency. RBI is gradually expanding its CBDC pilots to include more banks, cities, diverse use cases, and a broader audience. The RBI launched pilots for digital […]
Category: Economics Current Affairs
What Is The Impossible Trinity?
What Is The Impossible Trinity? The Reserve Bank of India(RBI) and Indian investors are facing a challenge in overcoming the “impossible trinity”. The impossible trinity, or the trilemma, refers to the idea that an economy cannot pursue independent monetary policy, maintain a fixed exchange rate, and allow the free flow of capital across its borders […]
One-Hour Trade Settlement : SEBI
One-Hour Trade Settlement : SEBI Securities and Exchange Board of India (SEBI), which had in July announced it was working on launching real-time settlement of trades, is now planning to implement one-hour settlement of trades first. In one-hour settlement, if an investor sells a share, the money will be credited to their account in an […]
Centre’s Fiscal Deficit : Report
Centre’s Fiscal Deficit : Report The Centre’s fiscal deficit in the first four months of 2023-24 touched 33.9% of the full-year target. In the Union Budget, the government projected to bring down the fiscal deficit to 5.9% of the gross domestic product (GDP) in the current FY. The deficit was 6.4% of the GDP in […]
New Comic Book : Developed By NCERT And UNESCO
New Comic Book : Developed By NCERT And UNESCO The Ministry of Education, unveiled a new comic book, “Let’s Move Forward”, developed jointly by NCERT and UNESCO in New Delhi. This partnership marks a step towards advancing the objectives of the School Health and Wellness Programme (SHWP). It was launched in 2018 as part of […]
Personalised Adaptive Learning (PAL) : Integrated In DIKSHA Platform
Personalised Adaptive Learning (PAL) : Integrated In DIKSHA Platform The National eGovernance Division (NeGD) plans to integrate Personalised Adaptive Learning (PAL) into the Digital Infrastructure for Knowledge Sharing (DIKSHA) platform (Ministry of Education), aiming to offer individualized learning experiences for students. Personalised Adaptive Learning (PAL) is an educational approach that uses technology, particularly artificial intelligence […]
What Is Currency Chest?
What Is Currency Chest? Two cases were recently registered after RBI detected fake notes from the SBI currency chest in Kochi, Kerala. Currency Chest is a place where the Reserve Bank of India (RBI) stocks the money meant for banks and ATMs. The RBI has authorised select scheduled banks to establish currency chests. The monitoring […]
15 Percent Agricultural Cess Removed By Government
15 Percent Agricultural Cess Removed By Government: The government has removed the 15 per cent agriculture cess ,also called Agriculture infrastructure and development cess (AIDC) on imports of LPG, liquified propane, and liquified butane starting from September 1. This exemption reverses the previous imposition of the agriculture cess on these goods in July It is […]
Global Environment Facility (GEF)
Global Environment Facility (GEF): The Global Biodiversity Framework Fund (GBFF) was ratified and launched at the Seventh Assembly of the Global Environment Facility (GEF) held recently. Governments, non-profits, and the private sector can now contribute their funds to GBFF. This will ensure that the world meets the goals and targets of the Kunming-Montreal Global Biodiversity […]
Insurance Surety Bonds
Insurance Surety Bonds: The National Highways Authority of India (NHAI) organised a brainstorming session with stakeholders to expedite the adoption of Insurance Surety Bonds for its contracts. Insurance Surety Bonds can be defined in their simplest form as a written agreement to guarantee compliance, payment, or performance of an act. These are instruments where insurance […]
