Standing Committee on Statistics : Meeting The new Standing Committee on Statistics (SCoS) held its first meeting. The newly-formed Standing Committee on Statistics held its first meeting recently and discussed the yet-to-be-released results of the Annual Survey of Industries and Annual Survey of Unincorporated Enterprises in detail. The Annual Survey of Industries (ASI) covers all […]
Category: Economics Current Affairs
Digital Payment Index : RBI
Digital Payment Index : RBI As per Reserve Bank of India’s Digital Payments Index (RBI-DPI) , Digital payments across the country registered a growth of 13.24% in a year through March 2023. Digital Payment Index has been constructed by the RBI to measure the extent of digitisation of payments across the country. It is based […]
Corporate Debt Market Development Fund (CDMDF)
Corporate Debt Market Development Fund (CDMDF): The Union Finance Minister launched the Corporate Debt Market Development Fund (CDMDF). Corporate Debt Market Development Fund is a backstop facility for specified debt funds during market dislocations. The fund is intended to provide liquidity support in the event of a financial crisis. It will be in the form […]
Full-Reserve Banking Versus Fractional-Reserve Banking
Full-Reserve Banking Versus Fractional-Reserve Banking: Economists are engaged in a debate regarding Full-Reserve Banking (100% reserve banking) versus Fractional-Reserve Banking. While both systems have their proponents and critics, understanding the key differences between them is crucial in assessing their potential impact on economic growth and financial stability. Full-Reserve Banking: Under full-reserve banking, banks are strictly […]
White Label ATM : RBI
White Label ATM : RBI The Reserve Bank of India (RBI) has taken significant steps to promote ATM penetration, especially in Tier III to VI centres, by permitting non-bank companies to set up, own and operate White Label ATMs (WLAs). These WLAs provide various banking services to customers based on cards issued by banks, and […]
Expected Credit Loss (ECL) Framework
Expected Credit Loss (ECL) Framework: Private sector lender ICICI Bank recently said the bank is ready to move to an expected credit loss (ECL) framework for provisioning. The RBI defines a loan loss provision as an expense that banks set aside for defaulted loans. Banks set aside a portion of the expected loan repayments from […]
TCRM Matrix
TCRM Matrix: NITI Aayog has introduced the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, an innovative assessment tool aimed at transforming technology evaluation, encouraging innovation, and nurturing entrepreneurship in India. TCRM Matrix stands for Techno-Commercial Readiness and Market Maturity Matrix. It is an assessment tool designed to revolutionize technology evaluation, foster innovation, and […]
Advance Authorisation Scheme : Directorate General of Foreign Trade
Advance Authorisation Scheme : Directorate General of Foreign Trade The Directorate General of Foreign Trade (DGFT) implemented the Advance Authorisation Scheme. The Scheme was implemented under the Foreign Trade Policy. It allows duty-free import of inputs for export purposes. Advance Authorisation Scheme:- Launched: 2015. (Advance Authorization Scheme (AAS)) Ministry: Ministry of Commerce and Industry. […]
Pension Funds To Invest In Sovereign Green Bonds
Pension Funds To Invest In Sovereign Green Bonds: The Pension Fund Regulatory and Development Authority (PFRDA) will allow pension funds to invest in sovereign green bonds that the government is expected to issue in the second half of the current financial year. Sovereign Green Bonds are government-issued bonds used to fund projects that have positive […]
Bharat Bill Payment System
Bharat Bill Payment System: CEO of Bharat Bill Pay recently said Bharat Bill Pay has witnessed a threefold business growth in just two years. Bharat Bill Payment System (BBPS) is an integrated bill payment system or a platform which acts as a connect between various billers and users. It is a one-stop ecosystem for payment […]
