Category: Economics Current Affairs

Consumer Price Index For Industrial Workers (CPI-IW): The Labour Bureau under the Ministry of Labour & Employment, has been compiling the Consumer Price Index for Industrial Workers (CPI-IW) every month. Inflation for the month of May, 2024 moderated to 3.86% as compared to 4.42% in May, 2023. The CPI-IW is mainly used for determining dearness […]

RBI’s Financial Inclusion Index: The Reserve Bank of India (RBI) has announced that the Financial Inclusion Index (FI-Index) has risen to 64.2 in March 2024, up from 60.1 in March 2023, indicating significant progress in financial inclusion across the country. The FI-Index is a comprehensive measure of financial inclusion, ranging from 0 to 100, with […]

Liberalised Remittance Scheme : RBI   The Reserve Bank of India (RBI) in a notification issued recently allowed resident individuals to open Foreign Currency Accounts (FCAs) in International Financial Services Centres (IFSCs) at GIFT City in Gujarat under the Liberalised Remittance Scheme (LRS). Liberalised Remittance Scheme (LRS) is a foreign exchange policy initiative introduced by […]

Employment Rate Rises Significantly In FY24 : RBI The Reserve Bank of India (RBI) data revealed a significant rise in India’s employment rate, growing by 6% in FY24 from 3.2% in FY23, reflecting positive trends in the labour market. The RBI’s India KLEMS [Capital (K), Labour (L), Energy (E), Material (M) and Services (S)] database […]

Annual Survey Of Unincorporated Enterprises (2022-23): The Ministry of Statistics and Programme Implementation (MoSPI) has released the Annual Survey of Unincorporated Enterprises for 2022-23. As per the survey, Uttar Pradesh, West Bengal and Maharashtra had the highest share of informal sector enterprises in both rural and urban areas in 2022-23. The share of informal sector […]

First State To Adopt a 10-year Road Safety Action Plan: Rajasthan will become the first state in India to adopt a 10-year road safety action plan aimed at reducing road accidents by 50% by 2030. Measures included in the Rajasthan government’s 10-Year Road Safety Action Plan: Technology Use: Implementation of the iRAD application for online […]

Equity Mutual Funds: Inflows into India’s equity mutual funds rose 17% sequentially to a record high of Rs 40,608 crore in June, data from the Association of Mutual Funds in India (AMFI) showed recently. Equity Mutual Funds is a type of investment fund that pools money from investors to trade primarily a portfolio of stocks, […]

Bharat Bill Payment System : RBI The Reserve Bank of India (RBI) recently announced that all credit card bill payments via third-party applications must now be routed through the Bharat Bill Payment System (BBPS). Bharat Bill Payment System (BBPS) is a payment channel system conceptualized by the RBI and driven by the National Payments Corporation […]

Bombay Stock Exchange : Status The Bombay Stock Exchange (BSE) Sensex has crossed the 80,000 mark for the first time on 4th July 2024, hitting a new peak of 80,074 during intraday trades. The Sensex has doubled in the last 5 years, after taking 12 years to climb from 20,000 to 40,000. It has crossed […]