Bitcoin Halving Event: The cryptocurrency community is gearing up for the upcoming Bitcoin halving event, which is likely to be held this weekend. The halving refers to an alteration in the foundational blockchain technology of Bitcoin, aimed at decreasing the pace of generating new bitcoins. Since its creation by the pseudonymous figure Satoshi Nakamoto, Bitcoin […]
Category: Economics Current Affairs
100 % FDI In Space Sector
100 % FDI In Space Sector: The Finance Ministry has notified amended rules under the Foreign Exchange Management Act to operationalise its earlier decision to allow up to 100 per cent foreign direct investment (FDI) for the space sector. The new rules came into effect from April 16. The Union Cabinet had approved the amendment […]
Sovereign Green Bonds : Study
Sovereign Green Bonds : Study The Reserve Bank of India (RBI) recently green-lighted investments in the country’s Sovereign Green Bonds (SGrBs) by Foreign Institutional Investors (FIIS). A green bond is a debt security that is issued to raise capital to support climate-related or environmental projects, according to the World Bank. SGBs are issued by governments […]
Imported Inflation : ADB Warning
Imported Inflation : ADB Warning The Asian Development Bank recently warned that India could face imported inflation as the rupee could depreciate amid the rise in interest rates in the West. Imported Inflation is a general and sustainable price increase due to an increase in the costs of imported products. This price increase concerns the […]
Special Rupee Vostro Account
Special Rupee Vostro Account: The Indian government has simplified the payment mechanism for traders importing pulses from Myanmar by implementing the Rupee/Kyat direct payment system through the Special Rupee Vostro Account (SRVA) via Punjab National Bank. This move aims to streamline trade transactions and enhance efficiency. India heavily relies on imports of pulses, including tur […]
Worst Deposit Crunch In 20 Years
Worst Deposit Crunch In 20 Years: A recently released report revealed that despite robust credit growth, Indian banks faced difficulty in garnering deposits in 2023-24, resulting in the highest credit-deposit ratio in at least two decades. Indian banks are grappling with a severe deposit cash crunch that has not been witnessed in the past two […]
Special Rupee Vostro Account (SRVA)
Special Rupee Vostro Account (SRVA): The Indian government has simplified the payment mechanism for traders importing pulses from Myanmar by implementing the Rupee/Kyat direct payment system through the Special Rupee Vostro Account (SRVA) via Punjab National Bank. SRVA is an account that domestic banks hold for foreign banks in the former’s domestic currency, the rupee, […]
Shrinkflation : Concern
Shrinkflation : Concern Shrinkflation is again became a topic of concern within the fast-moving consumer goods (FMCG) industry. As input costs rise, companies are faced with the challenge of maintaining profitability while also addressing consumer needs. Shrinkflation refers to the practice of reducing the size of a product while maintaining its sticker price. It’s a […]
Financial Services Institutions Bureau
Financial Services Institutions Bureau: FSIB recently recommended the name of SIDBI Chairman and Managing Director. FSIB has recommended Manoj Mittal as the Chairman and Managing Director of Small Industries Development Bank of India (SIDBI) and Sanjay Shukla as the Managing Director of National Housing Bank (NHB). Financial Services Institutions Bureau (FSIB): It’s a government body […]
Credit-Deposit Ratio : Reached Its Highest Level
Credit-Deposit Ratio : Reached Its Highest Level Data from the Reserve Bank of India (RBI) reveals that the credit-deposit ratio has reached its highest level in at least 20 years. This surge in the credit-deposit ratio indicates that more of the banks’ deposit base is being utilized for loans, including home loans and other consumption-related […]
