Krishi Nivesh Portal: In a bid to boost and expedite investments in the agriculture sector, the government is working to integrate schemes from various ministries and state governments under a unified digital platform the Krishi Nivesh portal. It is an initiative by the Ministry of Agriculture & Farmers Welfare to facilitate farmers and investors. The […]
Category: Economics Current Affairs
RBI Annual Report 2024-25
RBI Annual Report 2024-25: The Reserve Bank of India (RBI) released its Annual Report 2024-25, providing a comprehensive overview of the country’s monetary policy, financial stability, regulatory initiatives, and key economic developments. RBI Annual Report 2024-25: Global growth slowed to 3.3% in 2024, below the historical average of 3.7% (2000-19). Growth in 2025 expected at […]
RBI New Draft Rules for Gold Loans
RBI New Draft Rules for Gold Loans: The Reserve Bank of India released new draft rules for gold loans to address rising defaults and standardize lending practices.The RBI’s draft guidelines aim to regulate and harmonize gold loan practices across banks and NBFCs, enhance borrower protection, and reduce the risk of asset loss due to over-leveraging.Loans […]
Restoration of benefits under the Remission of Duties and Taxes on Exported Products
Restoration of benefits under the Remission of Duties and Taxes on Exported Products: The Government of India has announced the restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports made by Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and units operating in Special Economic Zones (SEZs). It […]
Open Interest in the Stock Market
Open Interest in the Stock Market: SEBI recently announced a sweeping overhaul of its equity F&O framework, introducing a new Future Equivalent (FutEq) method to assess open interest more accurately. Open Interest is a term commonly used in Futures and Options (F&O) trading, where the number of open contracts changes on a daily basis. Every […]
India Crypto Policy
India Crypto Policy: A Trump-linked US firm, World Liberty Financial Inc (WLFI), has signed an MoU with Pakistan’s Crypto Council to develop a crypto-based financial system, prompting geopolitical and security concerns for India. India Crypto Policy: Pakistan’s Crypto Pact with WLFI: MoU Signed: Pakistan’s newly-formed Crypto Council and WLFI have agreed to introduce stablecoins, monetize […]
Sugar Boards
Sugar Boards: To combat the rising health risks associated with excessive sugar consumption among school children, the Central Board of Secondary Education (CBSE) has mandated the establishment of ‘sugar boards’ in over 24,000 affiliated schools across India. ‘Sugar boards’ visually display the sugar content in common beverages and snacks, educating children about the health risks […]
India Becomes World’s 4th Largest Economy
India Becomes World’s 4th Largest Economy: At the 10th NITI Aayog (National Institution for Transforming India) Governing Council Meeting, NITI Aayog CEO announced that India has overtaken Japan to become the world’s 4th largest economy, with its GDP crossing USD 4 trillion.India remains the world’s fastest-growing major economy and is the only country projected to […]
Debt Recovery Tribunals
Debt Recovery Tribunals: The Department of Financial Services (DFS) under the Ministry of Finance organised a colloquium recently at New Delhi, bringing together Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs). Debt Recovery Tribunals (DRTs) are quasi-judicial bodies established under the Recovery of Debts Due to Banks and […]
New Development Bank : Algeria Joined
New Development Bank: Algeria Joined Algeria has officially joined the BRICS-backed New Development Bank (NDB), marking a major expansion of the bank’s influence into North Africa. The New Development Bank (NDB), formerly known as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China, and South Africa). […]
