Three-Language Formula and Nagaland’s Linguistic Challenge: The Association of Unaided CBSE Schools in Nagaland has expressed concerns over the Central Board of Secondary Education’s (CBSE) mandate to implement the Three-Language Formula under National Education Policy (NEP) 2020. The association has termed the policy “not viable” for the state due to its unique linguistic demographic and […]
Category: Economics Current Affairs
Development Policy Financing
Development Policy Financing: The World Bank’s Board of Executive Directors approved $1.5 billion financing to India under the Development Policy Financing (DPF) Operation. Development Policy Financing provides rapidly disbursing financing to help a borrower address actual or anticipated development financing requirements. It supports borrowers in achieving poverty reduction and climate-friendly sustainable and inclusive growth through […]
World Gold Council
World Gold Council: The World Gold Council’s (WGC) 2026 Central Bank Gold Reserves (CBGR) survey indicated that the central banks around the world would accumulate more gold in the future. World Gold Council is a nonprofit association of the world’s leading gold producers formed in 1987. It is a market development organization for the gold […]
Farm Loan Waivers in India
Farm Loan Waivers in India: In a striking fiscal paradox, the Tamil Nadu government announced a full waiver of cooperative crop loans up to Rs 75,000 for farmers even as its recently released White Paper on Fiscal Management revealed a mounting debt burden of Rs 13.18 lakh crore. The development has reignited the debate over […]
RBI’s Record Surplus Transfer
RBI’s Record Surplus Transfer: The Reserve Bank of India (RBI) approved a record Rs 2.87 lakh crore surplus transfer to the Union Government for FY26, surpassing the previous record of Rs 2.11 lakh crore. While consistent with the Economic Capital Framework (ECF), the unprecedented scale of transfers has sparked debate on the RBI’s evolving role […]
Arbitrage Funds
Arbitrage Funds: Arbitrage (arb) funds are positioned to take advantage of the mispricing in futures contracts. Arbitrage funds are equity-oriented hybrid funds that leverage arbitrage opportunities in the market. The basic principle behind arbitrage is to take advantage of temporary price differences to generate profits with minimal risk. These can be a pricing mismatch between […]
Sanjay Lohiya : Nominated to the RBI and SBI central boards
Sanjay Lohiya : Nominated to the RBI and SBI central boards: The Central Government has appointed the Mr. Sanjay Lohiya, Secretary of the Department of Financial Services (DFS), as the director on the central boards of the Reserve Bank of India (RBI) and State Bank of India (SBI). Lohiya is the 1994 batch IAS Officer […]
World Bank Raises India’s FY27 Growth Forecast to 6.6%
World Bank Raises India’s FY27 Growth Forecast to 6.6%: The World Bank has revised the India’s GDP growth forecast upward to around 6.6% for FY2026-27 and it showcases the confidence in the country’s resilient domestic demand and also improving the export prospects. The World Bank has has also increased the its projection for FY2027-28 to […]
Foreign Currency Non-Resident (Bank)
Foreign Currency Non-Resident (Bank): The Reserve Bank of India (RBI) introduced a special dispensation allowing commercial banks to mobilize fresh three- to five-year Foreign Currency Non-Resident (Bank), or FCNR(B).FCNR(B) deposits are specialized, fixed-term foreign currency bank accounts opened in India by Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (PIOs).Unlike […]
Economic Advisory Council to the Prime Minister : In News
Economic Advisory Council to the Prime Minister: In News The Prime Minister of India chaired a meeting of the Economic Advisory Council to the Prime Minister (EAC-PM). Economic Advisory Council to the Prime Minister is an independent body constituted to give advice on economic and related issues to the Government of India, specifically to the […]
