India’s External Debt: As per the External Debt management Unit.India’s external debt rose to US$ 620.7 bnas on March 2022 (an increase of over 8% compared to the previous year) A country’s gross external debt is the liabilities that are borrowed from outside the country and have to be paid back in the same currency. […]
Category: Economics Current Affairs
RBI Guidelines For Digital Lending
RBI Guidelines For Digital Lending: RBI has tightened the norms for digital lending seeing a number of cases of fraud. Digital lending involves giving and recovering loans through web platforms or mobile apps. It facilitates speedy disbursal and helps lower the costs of lending. Guidelines: No middlemen: All loans disbursals/repayment between the holder of the […]
India Became The World’s Fifth-Largest Economy
India Became The World’s Fifth-Largest Economy: India became the world’s fifth largest economy by overtaking the United Kingdom. Now, the United States, China, Japan, and Germany are the only nations with economies larger than India’s. The real Gross Domestic product (GDP) growth of 6-6.5% in a world full of uncertainties is the new normal and […]
India Economy: State Bank of India Report
India Economy: India is set to become the third largest economy in the world by 2029. A State Bank of India report said India will surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth. The report said that the country has undergone a large structural shift since 2014 […]
UGC Proposes Clustering Of Colleges
UGC Proposes Clustering Of Colleges: The University Grants Commission (UGC) has finalised guidelines for transforming colleges and universities into multidisciplinary institutions and has prescribed three different approaches which include “clustering” of establishments located in proximity to each other. The UGC will make public its “Guidelines for transforming higher educational institutions into multidisciplinary institutions”. These aim […]
Delhi Model Virtual School (DMVS)
Delhi Model Virtual School (DMVS): The Delhi government has started the “Delhi Model Virtual School” to provide opportunities to the students of the National Capital Region and beyond. It is an online platform, which will conduct completely online classes, and will help the students to complete their studies without visiting the school. This school will […]
Inflation
Inflation: There are wide disparities in the pace of price rise experienced by consumers across the country, with a dozen States clocking an average inflation of less than 6% and another 12 States averaging more than 7% through 2022 so far. Headline inflation measured by the Consumer Price Index has averaged 6.8% in the first […]
Registry To Check Bank Fraud
Registry To Check Bank Fraud: The Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud. Such a database would help prevent fraudsters from repeating the offence as the websites or phone numbers would be blacklisted, RBI executive director Anil […]
Indian Economy Growth Prediction 2022
Indian Economy: Finance Minister Nirmala Sitharaman has said that the Indian economy will grow at the rate of 7.4 percent in the current fiscal as well as in the next year. She said, International Monetary Fund and the World Bank have projected India’s growth to be the fastest for the next two fiscal years, and […]
Central Bank Digital Currency (CBDC)
Central Bank Digital Currency (CBDC): Reserve Bank of India’s (RBI) digital rupee — the Central Bank Digital Currency (CBDC) — may be introduced in phases beginning with wholesale businesses in the current financial year. RBI had proposed amendments to the Reserve Bank of India Act, 1934, which would enable it to launch a CBDC. Central […]
