Category: Economics Current Affairs

Foreign Direct Investment : Updates The Foreign Direct Investment into India is continuously increasing since 2014-15. In the last seven financial years, over 443 US billion dollars’ worth of FDI inflows have come into the country. Foreign direct investment (FDI) is an investment from a party in one country into a business or corporation in […]

Reserve Bank Of India’s Monetary Policy Review: The Monetary Policy Committee (MPC) of the Reserve Bank of India recently increased the repo rate by 35 basis points (bps) to 6.25%, and the Standing Deposit Facility stands raised to 6%. Since May, the board has now increased the key rate by 225 bps in FY23. A […]

Calling Name Presentation : TRAI The Telecom Regulatory Authority of India (TRAI) has proposed the introduction of Calling Name Presentation (CNAP). The feature would provide the called individual with information about the calling party (similar to ‘Truecaller’ and ‘Bharat Caller ID & Anti-Spam’). The idea is to ensure that telephone subscribers are able to make […]

Set Up Divyang Department : Maharashtra The state government of Maharashtra recently approved the formation of a separate government department for the divyang (differently abled). The announcement of this development came on the occasion of the International Day of Disabled Persons. This comes after 20 years of demand for a separate department for the welfare […]

Growth Forecast For India’s Economy : World Bank The World Bank recently lifted its growth forecast for India’s economy this year to 6.9%, after having downgraded it to 6.5% in October, 2022, citing resilience in economic activity despite a deteriorating external environment. It was released by World Bank. India Development Report titled ‘Navigating the Storm’. […]

India Digital Payments Report For The Third Quarter Of 2022: According to the ‘India Digital Payments Report’ for the third quarter of 2022, UPI clocked over 19.65 billion transactions worth ₹32.5 trillion. UPI is a system that powers multiple bank accounts into a single mobile application. It does so by merging several banking features, seamless […]

Vizhinjam Port Project: Adani Group approached the Kerala High Court requesting the security cover of central forces in its port construction site in Vizhinjam which was marred by violent protests by the Fishermen. Vizhinjam Port Project is a Rs 7,525 crore port, being built under a Public Private Partnership (PPP) model with Adani Ports Private […]

Technotex 2023: India’s premier show on Technical Textiles – ‘Technotex 2023’ will be held in Mumbai from 22nd to 24th February 2023. The event is being organized by the Ministry of Textiles in collaboration with Federation of Indian Chambers of Commerce Industry, under National Technical Textiles Mission (NTTM). Technotex 2023 offers a good opportunity for […]

First Loss Default Guarantee (FLDG) System: RBI Two months after the Reserve Bank issued guidelines on digital lending, banks, NBFCs and fintech players are still awaiting clarity on many aspects, including the FLDG system. FLDG is a lending model between a fintech and a regulated entity in which a third party guarantees to compensate up […]

Four-Tiered Regulatory Framework For Categorisation Of Urban Co-operative Banks: The Reserve Bank of India (RBI) recently announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs). According to RBI, such framework is needed to balance the spirit of mutuality and co-operation more prevalent in banks of smaller sizes and those with limited area […]