Category: Economics Current Affairs

National Savings Certificate: Investment The Prime Minister recently declared Rs 9.12 lakh investment in the National Savings Certificate (NSC) scheme in his nomination filing. National Savings Certificate (NSC) is a fixed-income investment scheme launched by the government of India. It aims at encouraging users, who are primarily low- to mid-income investors, to invest as well […]

Regional Economic Outlook For Asia And Pacific Report April 2024 : IMF Report The International Monetary Fund (IMF) has released its Regional Economic Outlook for Asia And Pacific Report April 2024, which stated that India was the source of repeated positive growth surprises, supported by resilient domestic demand. Also, Public Investment is a significant factor […]

Amplifying The Global Value Of Earth Observation : Report A new report titled “Amplifying the Global Value of Earth Observation” by the World Economic Forum has shed light on the immense potential of Earth Observation (EO) data to drive economic growth and sustainability worldwide. Highlights of the Report: Economic Impact of EO Data could generate […]

Insurance Surety Bonds: Insurance companies have issued about 700 insurance surety bonds valued about ₹3,000 crore after Centre makes the instrument on par with bank guarantees for all government procurements. Surety Bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract in which one party […]

Global Trade Update 2024: The United Nations Conference on Trade and Development (UNCTAD) has released its Global Trade Update 2024, which highlights that, after facing declines over several quarters, international trade is poised for a rebound in 2024. UNCTAD has officially rebranded as “UN Trade and Development” as part of its 60th-anniversary celebrations. The organisation […]

First Bank To Become a Trading Cum Clearing (TCM) Member: State Bank of India (SBI) announced that it has become the first bank to become a Trading cum Clearing (TCM) Member at India International Bullion Exchange (IIBX). It enables SBI’s IFSC Banking Unit (IBU) to trade on the IIBX platform as the RBI allowed IBUs […]

India International Bullion Exchange : SBI First Trading-Cum-Clearing Member State Bank of India (SBI) recently announced it has become the first trading-cum-clearing member at the India International Bullion Exchange (IIBX) India International Bullion Exchange (IIBX) is India’s first International Bullion Exchange. It is based at GIFT City (Gujarat International Finance Tech City) IFSC (International Finance […]

General Provident Fund: A single judge bench of the Madras High Court recently held that employees are not automatically entitled to pension benefits based on deductions made under the GPF scheme. General Provident Fund (GPF) is a kind of Public Provident Fund (PPF) account that is available only for government employees in India. It allows […]

Non-Market Economy Status: Vietnam has been pushing the President United States of America to quickly change its “non-market economy” classification to “market economy” status. The United States of America designates a country as non-market economy based on several factors namely If the country’s currency is convertible; If wage rates are determined by free bargaining between […]