Bharat Bill Payment System : RBI The Reserve Bank of India (RBI) recently announced that all credit card bill payments via third-party applications must now be routed through the Bharat Bill Payment System (BBPS). Bharat Bill Payment System (BBPS) is a payment channel system conceptualized by the RBI and driven by the National Payments Corporation […]
Category: Economics Current Affairs
Bombay Stock Exchange : Status
Bombay Stock Exchange : Status The Bombay Stock Exchange (BSE) Sensex has crossed the 80,000 mark for the first time on 4th July 2024, hitting a new peak of 80,074 during intraday trades. The Sensex has doubled in the last 5 years, after taking 12 years to climb from 20,000 to 40,000. It has crossed […]
Producer Price Index : New Model
Producer Price Index: New Model The DPIIT is finalizing a new model of the Producer Price Index (PPI) to better capture input prices in the economy. Producer Price Index measures the average change in prices received by producers for goods and services sold in the domestic market or exported. It includes two types: Output PPI […]
Farmer Producer Organisations : Put For Public Comment
Farmer Producer Organisations : Put For Public Comment The draft National Policy on Farmer Producer Organisations (FPOs) has been put for public comment by the Ministry of Agriculture and Farmers Welfare Farmer Producer Organisations (FPOs) are voluntary collective entities formed by farmers to enhance their bargaining power and access to inputs, markets, and technology. They […]
Steel Slag : Guidelines
Steel Slag : Guidelines The member (Science) of Niti Aayog released the Guidelines for the Utilization and Processing of Steel Slag as Processed Steel Slag Aggregates in Road Construction. Steel Slag is an industrial byproduct obtained from the steel manufacturing industry. It is produced in large quantities during steel-making operations that use electric arc furnaces. […]
Jadui Pitara’
Jadui Pitara: Jadui Pitara’ -a play-based learning-teaching material tailored for children between the age group of 3-8 years Developed under the National Curriculum Framework for Foundational Stage (part of the implementation of the New Education Policy 2020) Available in 13 Indian languages Includes playbooks, toys, puzzles, posters, flashcards, storybooks, and worksheets that reflect local culture […]
Windfall Tax : Increased
Windfall Tax : Increased The Indian government has increased the windfall tax on domestically produced crude oil from Rs 3,250 per tonne to Rs 6,000 per tonne. A Windfall Tax is a type of tax that is levied on companies or individuals who have unexpectedly and/or dramatically gained large profits, often due to external factors […]
Revised Currency Swap Framework For SAARC
Revised Currency Swap Framework For SAARC: The Reserve Bank of India (RBI), has decided to put in place a revised framework for currency swap arrangements for SAARC (South Asian Association for Regional Cooperation) countries for the period 2024 to 2027. A currency swap agreement between two countries is a contract to exchange currencies with predetermined […]
India’s Forex Reserves : Update
India’s Forex Reserves : Update India’s forex kitty jumps by USD 816 mln to USD 653.71 bln India’s forex reserves witnessed an increase of USD 816 million, reaching USD 653.711 billion for the week ending June 21, according to the Reserve Bank of India (RBI). Components of Forex Reserves: Foreign Currency Assets (FCA): it is […]
Mutual Evaluation Report Of India
Mutual Evaluation Report Of India: The Mutual Evaluation Report of India, adopted at the FATF plenary in Singapore from June 26 to 28, places India in the “regular follow-up” category, a status shared by only four other G-20 countries. This distinction highlights India’s significant progress in combating money laundering (ML) and terrorist financing (TF). Financial […]
