Category: Economics Current Affairs

Ponzi Scheme: An actor faces scrutiny over his alleged involvement in a Rs.1,000 crore Ponzi scheme with 2 lakh investors. A Ponzi scheme is a type of investment fraud that promises high returns with little or no risk to investors. These are investment operations that pay returns to old investors from the money garnered from […]

Discontinuation Of I-CRR : RBI The Reserve Bank of India (RBI) announced that it would discontinue the Incremental Cash Reserve Ratio (I-CRR) in a phased manner. The central bank will release the amount that banks have maintained under I-CRR in stages. The discontinuation of the I-CRR will be implemented in stages to ensure a smooth […]

Overnight Index Swap: Indian overnight index swap (OIS) rates rose to their highest levels in 10 months due to offshore payments and triggering of stop losses. Overnight Index Swap is a derivative instrument where returns under a fixed-rate asset are swapped against a predetermined published index of a daily overnight reference rate for an agreed […]

NSE Nifty 50 : Cross The 20,000 Mark The NSE Nifty 50 recently managed to cross the 20,000 mark for the first time. NIFTY is a market index introduced by the National Stock Exchange (NSE). It is a blended word – National Stock Exchange and Fifty coined by NSE. Nifty was established in 1996 under […]

West Coast Refinery Project: India and Saudi Arabia recently agreed to speed up the implementation of the $50 billion West Coast refinery project. West Coast Refinery Project first conceptualised in 2014, the West Coast refinery project, also known as the Ratnagiri Refinery and Petrochemicals Ltd. (RRPCL), was envisioned as India’s largest greenfield refinery with a […]

17th Edition Of ANUTEC: At the 17th edition of ANUTEC – International FoodTec India, held in Mumbai, prominent figures from the industry and government unveiled a promising future for the food processing sector in India. It is on a remarkable trajectory of growth, poised to become one of the key drivers of the nation’s economy. […]

Eastern Economic Forum: The Union Minister of Ports, Shipping & Waterways will attend the Eastern Economic Forum, which is being held at the Russian port city of Vladivostok. Eastern Economic Forum was established in 2015 to support the economic development of Russia’s Far East and to expand international cooperation in the Asia-Pacific region. It is […]

Vidya Samiksha Kendras:   Under the National Digital Education Architecture (NDEAR), the Ministry of Education is pushing the establishment of Vidya Samiksha Kendras (VSKs) across states. This initiative aligns with the National Education Policy, 2020. Currently, at the Central level, a VSK centre is housed in the Central Institute of Educational Technology building in the […]

Interbank Call Money Market: The RBI is likely to launch the pilot of central bank digital currency (CBDC) for transactions for interbank borrowing or call money market. Money Market basically refers to a section of the financial market where financial instruments with high liquidity and short-term maturities are traded. It includes buying and selling of […]

Mandatory Hallmarking : Third Phase The third phase of mandatory hallmarking in India, starting from September 8, 2023, will include an additional 55 districts, bringing the total number of districts covered under this system to 343. Hallmarking is like a quality stamp for jewellery and precious metal items. It tells you how pure or good […]