Category: Economics Current Affairs

What Is Public Private Partnership Model? The railway ministry is planning to bid out 16 stations under the public-private partnership (PPP) model. These railway stations will be upgraded to ensure improved basic facilities and accessibility for passengers. This is in addition to the 1253 railway stations that have been identified for development under the Adarsh […]

Inflation: According to the data released by the National Statistical Office (NSO), retail inflation accelerated to a five-month high of 7.41% in September, 2022 from 7% in August, 2022 as food inflation surged sharply to 8.41% last month the steepest level in 22 months. September’s retail inflation was the highest since April, when price rise […]

India’s Growth Forecast: The International Monetary Fund (IMF) recently trimmed its FY23 growth forecast for India by 60 basis points from its July projection of 7.4 per cent to 6.8 per cent, its steepest cut for any major economy barring the US. IMF’s move follows the World Bank slashing its FY23 growth projection for India […]

Global Food Security Platform:   International Finance Corp has launched the Global Food Security Platform (the Platform), to support the private sector for sustainable production and delivery of food stocks to countries affected by food instability. This 6 billion USD financing facility will help boost the flow of food supplies and other important commodities like […]

Forex Reserves: Reserve Bank of India (RBI), India’s forex reserves have fallen by USD 110 billion in the last 13 months. Current Scenario: India’s forex reserves have fallen by USD 110 billion since September 2021 where it stood at a record high of USD 642.45 billion. It needs to be noted that Indian rupee is […]

Automatic Exchange Of Information: India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual information exchange, under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries. This is the fourth tranche of information that India has received from Switzerland […]

National Industrial Corridor Development Corporation: 4th NICDC Investors’ Roundtable Conference to be held in Mumbai. The 4th NICDC Investors’ Roundtable Conference organized by Maharashtra Industrial Township Limited (MITL). The Investors Roundtable Conference has previously been hosted in Delhi, Kochi, and Ahmedabad. The 4th edition of the conference will showcase the development of upcoming greenfield industrial […]

E-Rupee: The Reserve Bank of India (RBI) will soon commence pilot launches of Central Bank Digital Currency (CBDC), referred to as Digital Rupee (e₹), for specific use cases. The RBI in its concept note detailed various aspects including the technological measures to operationalise its electronic currency, its underlying digital infrastructure and various technological options the […]

Quality Council Of India (QCI): The Quality Council of India is set to celebrate its Silver Jubilee at the Ambedkar International Centre in New Delhi Quality Council of India was set up in 1997, jointly by the Government of India and the Indian Industry represented by the three premier industry associations i.e. Associated Chambers of […]

Windfall Tax: The government recently cut the windfall tax on domestically-produced crude oil to Rs 8,000 per tonne from Rs 10,500, and halved the levy on export of diesel to Rs 5 per litre. The taxes were introduced on July 1, as the Centre felt that elevated crude prices were allowing oil companies to make […]