Category: Economics Current Affairs

Ongoing Disinflation : RBI Reserve Bank of India (RBI) governor recently said recurring food price shocks and renewed flash points on the geo-political front pose a challenge to the ongoing disinflation process. Disinflation is a decrease in inflation rates. A decline in the rate of increase in the general price level of goods and services […]

Debt Recovery Tribunal: The Department of Financial Services secretary chaired a conference of heads of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery of Tribunals (DRTs) in New Delhi. The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunals (DRATs) were established under the Recovery of Debts and Bankruptcy Act (RDB Act), […]

Bharatiya Bhasha Samiti: The Chairman of Bharatiya Bhasha Samiti advocated for the promotion of Indian languages in education and stated that textbooks will soon be available in Indian languages on digital platforms. Bharatiya Bhasha Samiti is a High-Powered Committee for the Promotion of Indian Languages. It has been constituted by the Ministry of Education, Government […]

E-Jagriti Portal: The Consumer Affairs Department has integrated artificial intelligence in the ‘e-Jagriti’ portal, aiming to reduce pending cases in consumer courts. The e-Jagriti portal, an initiative by the Department of Consumer Affairs under the Ministry of Consumer Affairs, Food, and Public Distribution, aims to streamline consumer dispute resolution. It integrates various consumer grievance platforms […]

National Conference On APAAR: One Nation One Student ID Card The National Conference on APAAR: One Nation One Student ID Card was held in New Delhi. Vital interconnection between APAAR IDs, the Academic Bank of Credit, and Digilocker, facilitating streamlined operations, was also highlighted in the event. APAAR, an acronym for Automated Permanent Academic Account […]

Retail Inflation: India’s retail inflation eased to a three-month low of 5.1% recently. Retail inflation, also known as Consumer Price Index (CPI)inflation, tracks the change in retail prices of goods and services which households purchase for their daily consumption. CPI is calculated for a fixed basket of goods and services that may or may not […]

Focus On Inflation Control : RBI The RBI’s Monetary Policy Committee (MPC) maintains its focus on curbing inflation by keeping the repo rate unchanged at 6.5% in February 2024 to align inflation with the 4% target. The MPC aims to achieve a medium-term target of 4% inflation within a band of +/- 2%. The MPC […]

Sovereign Gold Bond (SGB) Scheme : Next Price Fixed The issue price of the next tranche of Sovereign Gold Bond has been fixed at Rs 6,263 per gram, the Reserve Bank said in a statement recently. Sovereign Gold Bond (SGB) Scheme are government securities denominated in grams of gold. The SGB Scheme was first launched […]

Inheritance Tax : Oxfam Report Oxfam report says that 70% of countries dont have any form of inheritance tax on wealth. The report comes on the backdrop of increased inequalities in income, wealth and possession of resources. Inheritance tax that was levied against a particular asset during the time of its inheritance. It comes under […]

RBI Payment Aggregator Approval: The Reserve Bank of India has granted final authorization for three more companies – Juspay, Decentro, and Zoho – to operate as payment aggregators in India. This approval allows these companies to provide payment services to online merchants by accepting payments from customers. Juspay, Decentro, and Zoho join Stripe, Zomato, and […]