Category: Economics Current Affairs

Central Adoption Resource Authority: The Supreme Court questioned the “great delay” plaguing India’s adoption regulation body, the Central Adoption Resource Authority. The Supreme Court has recently questioned the significant delay in India’s adoption processes. Approximately 30,000 prospective parents wait for an average of three years, with only 10% of orphaned children adopted annually. Central Adoption […]

Cambridge’s Word Of The Year : Hallucinate The word of the year, ‘hallucinate’, chosen by the Cambridge Dictionary, sheds light on the complexities of Artificial Intelligence (AI) and its potential dangers. The original definition of “hallucinate” is to seem to sense something that doesn’t exist, usually because of a health condition or drugs. Cambridge Dictionary’s […]

NEST Initiative: The Indian Green Building Council (IGBC) launched a rating and certification initiative called ‘Nest’. NEST initiative is to promote sustainable and eco-friendly construction in the domestic housing sector. It would pave the way for individual house owners and the residential sector to adopt green building features in a big way to help bring […]

Crowdfunding For Terrorism Financing: FATF FATF (Financial Action Task Force) has released a report titled-”Crowdfunding for Terrorism Financing”, highlighting that violent extremist organizations have employed well-structured networks for fundraising purposes. The report makes a reference to the Popular Front of India (PFI) as having resorted to solicitation for funds at mosques and public places, which […]

Hello Naariyal : Coconut Development Board The Coconut Development Board (CDB) launched the ‘Hello Naariyal’ Friends of Coconut Trees (FoCT) call centre facility to help farmers with coconut harvesting and plant management operations. Hello Naariyal is a call centre in Kerala that functions from the headquarters of the Board in Kochi. The initiative will benefit […]

MSCI Index: Global index provider MSCI has announced the inclusion of nine stocks in its MSCI Global Standard Index, effective as of the close of November 30, 2023. MSCI Index is owned by the multinational investment management and financial services company Morgan Stanley. It is an investment research firm that provides stock indexes, portfolio risk […]

Inflation : New Data The Retail inflation eased to 4.87% in October 2023 compared to 5.02 % in September 2023. Retail inflation, based on the Consumer Price Index (CPI), eased to 4.87 per cent in October compared to 5.02 per cent in September this year. Inflation refers to a sustained increase in the general price […]

Government Eases Rules For Senior Citizen’s Savings Scheme And PPF: The Indian government has introduced revised rules for various small savings schemes, including the Senior Citizen’s Savings Scheme and the Public Provident Fund (PPF), with the aim of making them more attractive to investors. These changes include extending the timeframe for opening a Senior Citizen’s […]

QS World University Rankings: Asia 2024 The global higher education think-tank Quacquarelli Symonds has released the QS Asia University Rankings: Asia 2024, including 148 universities from India in the comprehensive list of 856 universities across Asia. Key Highlights of the QS World University Rankings: Asia 2024 Top Ranking Universities: Peking University (China) topped the list, […]

New Guidelines On Information Technology Governance for Regulated Entities : RBI The Reserve Bank of India (RBI) recently released final guidelines on information technology (IT) governance for regulated entities (REs) like banks, non-bank financial companies, credit information companies, and other financial entities. The REs have been mandated to put in place a robust IT governance […]