Risk Weight : RBI The Reserve Bank of India (RBI) has increased the cost of funds for banks and non-bank financial companies (NBFCs) by increasing the risk weight of such loans. The Reserve Bank of India has raised the risk weight on consumer credit by banks and NBFCs to 125%, compared to 100% earlier. […]
Category: Economics Current Affairs
Highest Number Of Patents : Indian Patent Office
Highest Number Of Patents : Indian Patent Office The Indian Patent Office (IPO) has granted the highest number of 41,010 patents till November 2023. In 2013-14 fiscal year, 4,227 patents were granted. According to a World Intellectual Property Organization (WIPO) report, patent applications by Indians grew 31.6% in 2022, extending an 11-year run of growth […]
Amazon WoW : Networking Platform For Women Engineering Students In India
Amazon WoW : Networking Platform For Women Engineering Students In India Amazon Women of the World (WoW) programme is a networking platform for women engineering students in India, connecting them with Amazon leaders and recruiters. Each session will have limited number of slots and will be filled through RSVP. Participants will have to register for […]
Central Adoption Resource Authority
Central Adoption Resource Authority: The Supreme Court questioned the “great delay” plaguing India’s adoption regulation body, the Central Adoption Resource Authority. The Supreme Court has recently questioned the significant delay in India’s adoption processes. Approximately 30,000 prospective parents wait for an average of three years, with only 10% of orphaned children adopted annually. Central Adoption […]
Cambridge’s Word Of The Year : Hallucinate
Cambridge’s Word Of The Year : Hallucinate The word of the year, ‘hallucinate’, chosen by the Cambridge Dictionary, sheds light on the complexities of Artificial Intelligence (AI) and its potential dangers. The original definition of “hallucinate” is to seem to sense something that doesn’t exist, usually because of a health condition or drugs. Cambridge Dictionary’s […]
NEST Initiative
NEST Initiative: The Indian Green Building Council (IGBC) launched a rating and certification initiative called ‘Nest’. NEST initiative is to promote sustainable and eco-friendly construction in the domestic housing sector. It would pave the way for individual house owners and the residential sector to adopt green building features in a big way to help bring […]
Crowdfunding For Terrorism Financing: FATF
Crowdfunding For Terrorism Financing: FATF FATF (Financial Action Task Force) has released a report titled-”Crowdfunding for Terrorism Financing”, highlighting that violent extremist organizations have employed well-structured networks for fundraising purposes. The report makes a reference to the Popular Front of India (PFI) as having resorted to solicitation for funds at mosques and public places, which […]
Hello Naariyal : Coconut Development Board
Hello Naariyal : Coconut Development Board The Coconut Development Board (CDB) launched the ‘Hello Naariyal’ Friends of Coconut Trees (FoCT) call centre facility to help farmers with coconut harvesting and plant management operations. Hello Naariyal is a call centre in Kerala that functions from the headquarters of the Board in Kochi. The initiative will benefit […]
MSCI Index
MSCI Index: Global index provider MSCI has announced the inclusion of nine stocks in its MSCI Global Standard Index, effective as of the close of November 30, 2023. MSCI Index is owned by the multinational investment management and financial services company Morgan Stanley. It is an investment research firm that provides stock indexes, portfolio risk […]
Inflation : New Data
Inflation : New Data The Retail inflation eased to 4.87% in October 2023 compared to 5.02 % in September 2023. Retail inflation, based on the Consumer Price Index (CPI), eased to 4.87 per cent in October compared to 5.02 per cent in September this year. Inflation refers to a sustained increase in the general price […]
