Category: Economics Current Affairs

What Is Crony Capitalism? Parliament witnessed sharp exchanges over the Adani-Hindenburg issue and the opposition is accusing it of crony capitalism and raising demands for a probe by a Joint Parliamentary Committee or a Chief Justice of India (CJI)-designated committee. Crony capitalism is a term used to describe a capitalist economic system in which individuals […]

Guidelines On Climate Risk, Sustainable Finance : RBI The Reserve Bank of India released a discussion paper called Climate Risk and Sustainable Finance. RBI says that climate change has the full potential to transform into climate-related financial risks. The guidelines are not yet released. RBI will release it in a phased manner. The guidelines will […]

Free Float In Stocks: Index provider MSCI said it has cut the free-float designations of four securities of India’s Adani group. The free float is also known as Public float which refers to the shares of a company that can be publicly traded and are not restricted. It generally excludes promoters’ holding, government / strategic […]

QR Code-Based Coin Vending Machine: To improve the distribution of coins, the RBI is preparing a pilot project on QCVM in collaboration with a few leading banks QCVM is a cashless coin dispenser that dispenses coins in exchange for a bank account debit via the Unified Payments Interface (UPI). Unlike traditional cash-based Coin Vending Machines, […]

Monetary Policy Updates : RBI The committee recently held its meeting on February 8, 2023. Highlights: RBI hikes benchmark lending rate by 25 basis points to 6.50 per cent. MSF rate will stand revised at 6.75% RBI projects 6.4 pc economic growth for 2023-24, lower than 7 pc this fiscal Inflation to come down to […]

Core Inflation In India : Declining S&P Global Ratings recently said core inflation in India has been declining sequentially, and an elevated 6.25 percent policy rate limits the need for further rate hikes. Core inflation is the change in the costs of goods and services but does not include those from the food and energy […]

Guidelines On Green Bonds : SEBI The Securities and Exchange Board of India released operational guidelines for green bonds. The guidelines include dos and don’ts related to green debt securities. Guidelines: No misleading labels shall be used Tradeoffs shall not be hidden. Tradeoff means giving up one to gain another. Pick random data to highlight […]

Southern India’s First Industrial Corridor Project: The Prime Minister of India laid the foundation stone of southern India’s 1st Industrial Corridor Project to be implemented at Tumakuru, spread over 8500 Acre of land, under the Chennai-Bengaluru Industrial Corridor. The Tumakuru Industrial Township has been planned in line with the principles of PM-GatiShakti to ensure last […]

National Commission For Scheduled Tribes : Functioning With Less Than 50% Of Its Sanctioned Strength The recent data presented by the Ministry of Tribal Affairs (MoTA) revealed that the National Commission for Scheduled Tribes (NCST) is currently functioning with less than 50% of its sanctioned strength. NCST was set up in 2004 by amending Article […]

White Label ATM: The Reserve Bank of India has extended the validity of authorization issued to Vakrangee to set up, own and operate White Label ATMs in India. White Label ATM: Automated Teller Machines (ATMs) set up, owned and operated by non-banks are called White Label ATMs. Non-bank ATM operators are authorised under the Payment […]