Category: Economics Current Affairs

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): 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 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: 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 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 […]

National Investment And Infrastructure Fund: The NIIF has invested $200 million in iBUS Network and Infrastructure Pvt Ltd., a connectivity technology firm, to support the growth of India’s digital infrastructure. National Investment and Infrastructure Fund (NIIF) is a fund manager that invests in infrastructure and related sectors in India. It is India’s first-ever sovereign wealth […]

Fast-Moving Consumer Goods: The Rs 5-trillion domestic fast-moving consumer goods (FMCG) market still faces hurdles on its path to complete recovery from the current slowdown. Fast-Moving Consumer Goods (FMCG) are products sold quickly and at a relatively low cost. The FMCG industry is characterized by high-volume sales, quick inventory turnover, and various products catering to […]

Funding Winter: Investments from large foreign investors fell by as much as 80 per cent on average in 2023, amid the Indian startup ecosystem’s so-called funding winter. Funding Winter refers to a period of market correction in capital inflow, which lowers the probability of startups getting higher valuations in the short to mid-term. Simply put, […]

Policy Rates Unchanged 2024 : RBI The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), which met recently, decided to keep the repo rate – the main policy rate – unchanged at 6.5 per cent and maintain the policy stance of ‘withdrawal of accommodation’. Both the decisions were taken in a majority […]