State Of The Economy Report: RBI The Reserve Bank of India (RBI) has released a report titled- “State of the Economy”, which warns of a darkening global outlook. Highlights of the Report: The balance of risks gets increasingly tilted towards a darkening global outlook for 2023, the year that will bear the brunt of monetary […]
Category: Economics Current Affairs
Global Minimum Tax
Global Minimum Tax: EU members have agreed to implement a minimum tax rate of 15% on big businesses in accordance with Pillar 2 of the global tax agreement framed by the Organisation for Economic Cooperation and Development (OECD) in 2021. In 2021, 136 countries including India had agreed on a plan to redistribute tax rights […]
First Joint Finance And Health Task Force
First Joint Finance And Health Task Force: The first Joint Finance and Health Task Force (JFHTF) meeting under India’s G20 Presidency was held in virtual mode on December 20. The meeting was co-chaired by Italy and Indonesia. The Bali Leaders’ Declaration 2022 extended the mandate of the Task Force to continue the collaborations between Finance […]
India’s First-Ever Surety Bond Insurance Product
India’s First-Ever Surety Bond Insurance Product: Surety bond can be defined in its simplest form as a written agreement to guarantee compliance, payment, or performance of an act. Surety is a unique type of insurance because it involves a three-party agreement. The three parties in a surety agreement are: Principal: The party that purchases the […]
Open Network For Digital Commerce : Updates
Open Network For Digital Commerce : Updates Open Network for Digital Commerce (ONDC) will charge a “small fee” from platforms that will contribute towards “maintenance and development” of the network. The network will seek to reduce the compulsory commissions charged from sellers and logistics partners on the network by private e-commerce firms such as US-based […]
Sovereign Gold Bond Scheme 2022-23 – Series III
Sovereign Gold Bond Scheme 2022-23 – Series III: RBI has announced the Sovereign Gold Bond Scheme 2022-23 – Series III, which will be open for subscription from December 19 to December 23. Gold bonds are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue […]
GEF-UNIDO-BEE Project
GEF-UNIDO-BEE Project: During National Conclave on Accelerating Energy Efficiency in MSMEs , the success story of the GEF-UNIDO-BEE Project was showcased. The United Nations Industrial Development Organization (UNIDO), in collaboration with the Bureau of Energy Efficiency (BEE) is executing a Global Environment Facility (GEF) funded national project titled “Promoting energy efficiency and renewable energy in […]
Foreign Direct Investment : Updates
Foreign Direct Investment : Updates The Foreign Direct Investment into India is continuously increasing since 2014-15. In the last seven financial years, over 443 US billion dollars’ worth of FDI inflows have come into the country. Foreign direct investment (FDI) is an investment from a party in one country into a business or corporation in […]
Reserve Bank Of India’s Monetary Policy Review
Reserve Bank Of India’s Monetary Policy Review: The Monetary Policy Committee (MPC) of the Reserve Bank of India recently increased the repo rate by 35 basis points (bps) to 6.25%, and the Standing Deposit Facility stands raised to 6%. Since May, the board has now increased the key rate by 225 bps in FY23. A […]
Calling Name Presentation : TRAI
Calling Name Presentation : TRAI The Telecom Regulatory Authority of India (TRAI) has proposed the introduction of Calling Name Presentation (CNAP). The feature would provide the called individual with information about the calling party (similar to ‘Truecaller’ and ‘Bharat Caller ID & Anti-Spam’). The idea is to ensure that telephone subscribers are able to make […]
