Germany Becomes the World’s Top Creditor, Overtaking Japan After 34 Years: Germany has overtaken Japan as the world’s top creditor country in 2024, ending Japan’s 34-year reign. This change, driven by current account surpluses, exchange rate dynamics, and structural economic trends, reflects broader transformations in global trade and investment patterns.Germany became the world’s largest net […]
Category: Economics Current Affairs
Asian Development Bank : New Initiative
Asian Development Bank : New Initiative The Asian Development Bank (ADB) President recently announced a five-year initiative to transform urban infrastructure across India, with an estimated investment of $10 billion. Asian Development Bank (ADB) is a multilateral development bank established on 19th December 1966. It is the principal international development finance institution for the Asia-Pacific […]
India Green Economy Potential
India Green Economy Potential: A recent NLB Services report forecasts that India will generate 7.29 million green jobs by FY28 and 35 million by 2047.A green economy refers to economic activities that reduce environmental risks, improve ecological sustainability, and generate employment through low-carbon, resource-efficient, and inclusive growth. India is expected to generate 7.29 million green […]
Krishi Nivesh Portal
Krishi Nivesh Portal: In a bid to boost and expedite investments in the agriculture sector, the government is working to integrate schemes from various ministries and state governments under a unified digital platform the Krishi Nivesh portal. It is an initiative by the Ministry of Agriculture & Farmers Welfare to facilitate farmers and investors. The […]
RBI Annual Report 2024-25
RBI Annual Report 2024-25: The Reserve Bank of India (RBI) released its Annual Report 2024-25, providing a comprehensive overview of the country’s monetary policy, financial stability, regulatory initiatives, and key economic developments. RBI Annual Report 2024-25: Global growth slowed to 3.3% in 2024, below the historical average of 3.7% (2000-19). Growth in 2025 expected at […]
RBI New Draft Rules for Gold Loans
RBI New Draft Rules for Gold Loans: The Reserve Bank of India released new draft rules for gold loans to address rising defaults and standardize lending practices.The RBI’s draft guidelines aim to regulate and harmonize gold loan practices across banks and NBFCs, enhance borrower protection, and reduce the risk of asset loss due to over-leveraging.Loans […]
Restoration of benefits under the Remission of Duties and Taxes on Exported Products
Restoration of benefits under the Remission of Duties and Taxes on Exported Products: The Government of India has announced the restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports made by Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and units operating in Special Economic Zones (SEZs). It […]
Open Interest in the Stock Market
Open Interest in the Stock Market: SEBI recently announced a sweeping overhaul of its equity F&O framework, introducing a new Future Equivalent (FutEq) method to assess open interest more accurately. Open Interest is a term commonly used in Futures and Options (F&O) trading, where the number of open contracts changes on a daily basis. Every […]
India Crypto Policy
India Crypto Policy: A Trump-linked US firm, World Liberty Financial Inc (WLFI), has signed an MoU with Pakistan’s Crypto Council to develop a crypto-based financial system, prompting geopolitical and security concerns for India. India Crypto Policy: Pakistan’s Crypto Pact with WLFI: MoU Signed: Pakistan’s newly-formed Crypto Council and WLFI have agreed to introduce stablecoins, monetize […]
Sugar Boards
Sugar Boards: To combat the rising health risks associated with excessive sugar consumption among school children, the Central Board of Secondary Education (CBSE) has mandated the establishment of ‘sugar boards’ in over 24,000 affiliated schools across India. ‘Sugar boards’ visually display the sugar content in common beverages and snacks, educating children about the health risks […]
