Centralised Web Portal : RBI The Reserve Bank of India (RBI) has announced that it will launch a web portal to help beneficiaries retrieve unclaimed deposits. The portal will allow users to search for unclaimed deposits across multiple banks, using AI tools to enhance the search results. The portal will be password-protected, and only claimants […]
Category: Economics Current Affairs
India’s Economic Growth Rate Forecast : World Bank
India’s Economic Growth Rate Forecast : World Bank The World Bank has released a report titled “South Asia Economic Focus: Expanding Opportunities: Toward Inclusive Growth,” which provides an economic forecast for India, Sri Lanka, and Pakistan. Major Highlights of the World Bank Report: India’s growth rate has been downgraded to 6.3% for FY 2023-24 ,and […]
Foreign Trade Policy 2023
Foreign Trade Policy 2023: The Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles has launched the Foreign Trade Policy 2023. The Key Approach to the Foreign Trade Policy is based on 4 pillars: Incentive to Remission, Export promotion through collaboration – Exporters, States, Districts, Indian Missions, Ease of doing […]
Diamond Jubilee Celebrations Of The Central Bureau of Investigation (CBI)
Diamond Jubilee Celebrations Of The Central Bureau of Investigation (CBI): Prime Minister Narendra Modi to inaugurate the Diamond Jubilee Celebrations of the Central Bureau of Investigation (CBI). Central Bureau of Investigation (CBI) was established as the Special Police Establishment in 194. Objective is to investigate cases of corruption in procurement during the Second World War. […]
Mahila Samman Savings Certificate 2023
Mahila Samman Savings Certificate 2023: Mahila Samman Savings Certificate (MSSC) 2023 has been notified. It is a one-time small savings scheme for women to commemorate celebrations of 75 years of Independence. It will be made available for a two-year period up to March 2025. It will be under the Ministry of Women and Child Development. […]
Corporate Debt Market Development Fund
Corporate Debt Market Development Fund: The Securities and Exchange Board of India (SEBI) has introduced the ‘Corporate Debt Market Development Fund’ to prevent financial crisis. The ‘Corporate Debt Market Development Fund (CDMDF) is a backstop facility for specified debt funds during market dislocations. The fund is intended to provide liquidity support in the event of […]
Power Generating From Defunct Gold Mines
Power Generating From Defunct Gold Mines: An Australian renewable-energy company Green Gravity has proposed a scheme to generate electricity from the defunct Kolar Gold Fields (KGF), in Karnataka, using Low-Tech Gravity Technology. The plan is to find defunct mines, which often go hundreds or thousands of meters deep, and haul a Weighted Block, that may […]
Employees Provident Fund Organization (EPFO) : Report
Employees Provident Fund Organization (EPFO) : Report Reports suggest that most of EPFO’s equity investments are routed into Nifty 50 stocks, including Adani Enterprises and Adani Ports & SEZ. Employees’ Provident Fund Organization (EPFO) is under the administrative control of the Ministry of Labour and Employment, Government of India. It is one of the World’s […]
Regional Search And Rescue Exercise : Indian Coast Guard
Regional Search And Rescue Exercise : Indian Coast Guard The Indian Coast Guard recently conducted a Regional Search and Rescue exercise in Kakinada, Andhra Pradesh, to simulate a real-time maritime distress scenario and highlight the functioning of the Search and Rescue organization (SAR) for a mass rescue operation. The exercise involved all stakeholders and effectively […]
Captive Employment
Captive Employment: The Ministry of Rural Development has launched a new initiative called “Captive Employment” under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) program. Captive employers are any Employer or Industry that provides employment to candidates in their own organization or one of its subsidiaries and has suitable in-house training facilities. It aims to […]
