Category: Economics Current Affairs

Global Minimum Tax Deal: The Organisation for Economic Cooperation and Development (OECD) has announced that a global deal to ensure big companies pay a Global Minimum Tax (GMT) rate of 15% has been agreed by 136 countries (including India). The countries behind the accord together accounted for over 90% of the global economy. GMT is […]

National Green Tribunal: The Supreme Court has declared the National Green Tribunal’s (NGT) position as a “unique” forum endowed with suo motu powers to take up environmental issues across the country. The court said the NGT need not wait for the “metaphorical Godot” to knock on its portal to flex its considerable muscles to save […]

Air India: After 68 years, Air India is all set to return to the Tata fold. Tata Sons subsidiary Talace Pvt. Ltd. emerged as the winning bidder for the debt-laden national carrier after quoting an enterprise value of ₹18,000 crore. The government will take a hit of ₹28,844 crore. The Tatas will own a 100% […]

Market Based Economic Despatch (MBED): Central Electricity Regulatory Commission (CERC) has released the Framework for Implementation of Market Based Economic Despatch (MBED) – Phase1 for lowering the cost of power purchase to Consumers. Implementing an Market Based Economic Despatch (MBED) is an essential next step in reforming electricity market operations and in moving towards “One […]

Digital Divide: The Supreme Court has flaggedthe consequences of growing digital divide. It observed, the digital divide caused by online classes will defeat the fundamental right of every child to education Little children whose parents are too poor to afford laptops, tablets or an “optimum” Internet package at home for online classes during the pandemic […]

G-Sec Acquisition Programme (GSAP): The Reserve Bank of India (RBI) is halting its bond buying under the G-Sec Acquisition Programme (GSAP) for now. It said that the measure had succeeded in ensuring adequate liquidity and stabilising financial markets. Coupled with other liquidity measures, it facilitated congenial and orderly financing conditions and a conducive environment for […]

Monetary Policy Report: RBI The Reserve Bank of India (RBI) has released the Monetary Policy Report (MPR) for the month of October 2021. It kept the policy rate unchanged for the Eighth time in a row maintaining an accommodative stance till the recovery is durable. Unchanged Policy Rates: Repo Rate – 4%. Reverse Repo Rate […]

World Bank GDP Projection For India: According to the World Bank, India’s economy, South Asia’s largest, is expected to grow by 8.3% in the fiscal year 2021-22. The South Asia economic focus report projects the region to grow by 7.1% in 2021 and 2022. It is a biannual economic update presenting recent economic developments and […]

Cyber Security In Power Sector: Ministry of Power has released guidelines for the Cyber Security in Power Sector. Central Electricity Authority (CEA) under the provision of Section 3(10) on Cyber Security in the “Central Electricity Authority (Technical Standards for Connectivity to the Grid) (Amendment) Regulations, 2019” has framed Guideline on Cyber Security in Power Sector […]

High Ambition Coalition For Nature And People:   At a ceremony held between the French and Indian governments on 7th October in New Delhi, India officially joined the High Ambition Coalition for Nature and People, a group of more than 70 countries encouraging the adoption of the global goal to protect 30×30. HAC members currently […]