Foreign Exchange Reserve : India Status India’s foreign exchange reserves surged by $2.98 billion to $619.07 billion recently. Foreign Exchange Reserves (also called Forex Reserves) are reserve assets held by a central bank in foreign currencies. Foreign assets comprise assets that are not denominated in the domestic currency of the country. These may include foreign […]
Category: Economics Current Affairs
Juice Jacking
Juice Jacking: The Reserve Bank of India (RBI) has issued a cautionary message to mobile phone users about juice jacking. Juice jacking was first coined in 2011 by investigative journalist Brian Krebs. It is a form of cyberattack where a public USB charging port is tampered with and infected using hardware and software changes to […]
Regulatory Sandbox Scheme
Regulatory Sandbox Scheme: The Reserve Bank tweaked guidelines for Regulatory Sandbox (RS) scheme. Regulatory Sandbox scheme refers to the live testing of new products or services in a controlled regulatory environment. It acts as a “safe space” for business as the regulators may or may not permit certain relaxations for the limited purpose of […]
SWAYAM Plus Platform
SWAYAM Plus Platform: The Union Minister of Education and Skill Development and Entrepreneurship launched the ‘SWAYAM Plus’ platform. SWAYAM Plus platform offers courses developed collaboratively with the industry. This platform aims to enhance the employability of both college students and lifelong learners. It will offer programmes in sectors like Manufacturing, Energy, Computer Science and Engineering/IT/ITES, […]
Amendments In FDI Policy Pertaining To The Space Industry
Amendments In FDI Policy Pertaining To The Space Industry: The Union Cabinet approved amendments in the Foreign Direct Investment (FDI) policy pertaining to the space industry. Recent Amendments in FDI Policy for the Space Sector: 100% FDI Allowed: Under the amended policy, 100% FDI is permitted in the space sector, aiming to attract potential investors […]
Household Consumption Expenditure Survey
Household Consumption Expenditure Survey: The government released the broad findings of the All India Household Consumption Expenditure Survey carried out between August 2022 and July 2023. Household Consumption Expenditure Survey is usually conducted by the National Statistical Office (NSO) every five years. This survey aims at generating estimates of household Monthly Per Capita Consumption Expenditure […]
Global Pulses Conference
Global Pulses Conference: Global Pulses Conference (GPC) urges India to augment production of pulses to meet nutritional requirements. The Global Pulse Conference 2024 was recently held in New Delhi. India is aiming to achieve self-sufficiency in pulses by 2027, focusing on expanding cultivation and supplying new varieties of seeds. Global Pulses Conference represents all segments […]
National Council For Transgender Persons : Meeting
National Council For Transgender Persons : Meeting The National Council for Transgender Persons (NCTP) convened its pivotal meeting under the Chairmanship of Secretary, Ministry of Social Justice and Empowerment. National Council for Transgender Persons is a statutory body constituted under the Transgender Persons (Protection of Rights) Act 2019 to safeguard the rights of transgender persons […]
Rubber Board
Rubber Board: The government has increased the allocation for Sustainable and Inclusive Development of the Natural Rubber Sector by 23% to Rs 708.7 crore for the next two financial years and the scheme is run by the Rubber Board. Rubber Board is a statutory organisation constituted under the Rubber Act, 1947. It functions under the […]
Ongoing Disinflation : RBI
Ongoing Disinflation : RBI Reserve Bank of India (RBI) governor recently said recurring food price shocks and renewed flash points on the geo-political front pose a challenge to the ongoing disinflation process. Disinflation is a decrease in inflation rates. A decline in the rate of increase in the general price level of goods and services […]
