Category: Economics Current Affairs

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 […]

Fintech Self-Regulatory Organizations : RBI The Reserve Bank of India (RBI) Governor recently urged fintech entities to establish Self-Regulatory Organizations (SROs) in the rapidly evolving fintech sector. Fintech Self-Regulatory Organizations (SROs): Financial technology or Fintech refers to innovative technologies designed to enhance and automate the delivery of financial services. Fintech encompasses technological advancements across various […]

Sovereign Gold Bond (SGB) Scheme : RBI The Reserve Bank of India (RBI) recently announced the issue price for the upcoming Sovereign Gold Bond (SGB) Tranche 2. Sovereign Gold Bond (SGB) Scheme were introduced by the Government of India in 2015 under the Gold Monetization Scheme. SGBs are government securities issued by the RBI on […]

First Transit Card Of Nation: State Bank of India has launched its ‘Nation First Transit Card’, a RuPay prepaid instrument under the National Common Mobility Card (NCMC) that can be used nationwide. Nation First Transit Card aims to facilitate a seamless and convenient customer commuting experience and ensure easy digital ticketing fare payments in metro, […]

Central Bank Digital Currency : RBI The Reserve Bank of India (RBI) Governor has highlighted the potential of Central Bank Digital Currency (CBDC) or E-rupee in improving cross-border payments’ efficiency. RBI is gradually expanding its CBDC pilots to include more banks, cities, diverse use cases, and a broader audience. The RBI launched pilots for digital […]

What Is The Impossible Trinity? The Reserve Bank of India(RBI) and Indian investors are facing a challenge in overcoming the “impossible trinity”. The impossible trinity, or the trilemma, refers to the idea that an economy cannot pursue independent monetary policy, maintain a fixed exchange rate, and allow the free flow of capital across its borders […]

One-Hour Trade Settlement : SEBI Securities and Exchange Board of India (SEBI), which had in July announced it was working on launching real-time settlement of trades, is now planning to implement one-hour settlement of trades first. In one-hour settlement, if an investor sells a share, the money will be credited to their account in an […]

Centre’s Fiscal Deficit : Report The Centre’s fiscal deficit in the first four months of 2023-24 touched 33.9% of the full-year target. In the Union Budget, the government projected to bring down the fiscal deficit to 5.9% of the gross domestic product (GDP) in the current FY. The deficit was 6.4% of the GDP in […]