Annual Growth To Harness Demographic Dividend: RBI’s Report According to the recent report, the Indian economy must grow at a rate of 8-10% per annum over the next decade to reap the benefits of its demographic dividend. The RBI emphasizes that India’s developmental strategy for the coming decades should focus on maximizing the contribution of […]
Category: Economics Current Affairs
Nifty Next 50 Index
Nifty Next 50 Index: The National Stock Exchange (NSE) has announced the introduction of derivative contracts on the Nifty Next 50 index, set to commence from 24th April 2024. The Nifty Next 50 Index represents 50 companies from Nifty 100, excluding the Nifty 50 companies. NSE has received approval from the Securities and Exchange Board […]
Advance Pricing Agreement : CBDT
Advance Pricing Agreement : CBDT The Central Board of Direct Taxes (CBDT) has achieved a remarkable milestone by signing 125 Advance Pricing Agreements (APAs) during the fiscal year 2023-24. This surge in APA signings underscores the growing importance of transfer pricing regulations and the efforts to provide certainty to taxpayers. In an additional development, India […]
Bitcoin Halving Event
Bitcoin Halving Event: The cryptocurrency community is gearing up for the upcoming Bitcoin halving event, which is likely to be held this weekend. The halving refers to an alteration in the foundational blockchain technology of Bitcoin, aimed at decreasing the pace of generating new bitcoins. Since its creation by the pseudonymous figure Satoshi Nakamoto, Bitcoin […]
100 % FDI In Space Sector
100 % FDI In Space Sector: The Finance Ministry has notified amended rules under the Foreign Exchange Management Act to operationalise its earlier decision to allow up to 100 per cent foreign direct investment (FDI) for the space sector. The new rules came into effect from April 16. The Union Cabinet had approved the amendment […]
Sovereign Green Bonds : Study
Sovereign Green Bonds : Study The Reserve Bank of India (RBI) recently green-lighted investments in the country’s Sovereign Green Bonds (SGrBs) by Foreign Institutional Investors (FIIS). A green bond is a debt security that is issued to raise capital to support climate-related or environmental projects, according to the World Bank. SGBs are issued by governments […]
Imported Inflation : ADB Warning
Imported Inflation : ADB Warning The Asian Development Bank recently warned that India could face imported inflation as the rupee could depreciate amid the rise in interest rates in the West. Imported Inflation is a general and sustainable price increase due to an increase in the costs of imported products. This price increase concerns the […]
Special Rupee Vostro Account
Special Rupee Vostro Account: The Indian government has simplified the payment mechanism for traders importing pulses from Myanmar by implementing the Rupee/Kyat direct payment system through the Special Rupee Vostro Account (SRVA) via Punjab National Bank. This move aims to streamline trade transactions and enhance efficiency. India heavily relies on imports of pulses, including tur […]
Worst Deposit Crunch In 20 Years
Worst Deposit Crunch In 20 Years: A recently released report revealed that despite robust credit growth, Indian banks faced difficulty in garnering deposits in 2023-24, resulting in the highest credit-deposit ratio in at least two decades. Indian banks are grappling with a severe deposit cash crunch that has not been witnessed in the past two […]
Special Rupee Vostro Account (SRVA)
Special Rupee Vostro Account (SRVA): The Indian government has simplified the payment mechanism for traders importing pulses from Myanmar by implementing the Rupee/Kyat direct payment system through the Special Rupee Vostro Account (SRVA) via Punjab National Bank. SRVA is an account that domestic banks hold for foreign banks in the former’s domestic currency, the rupee, […]
