Directorate Of Enforcement: In the eight years from 2014, the Directorate of Enforcement (ED) has investigated 121 prominent politicians and has arrested, questioned, raided, or filed FIRs against 115 major Opposition leaders. The Directorate of Enforcement (ED) is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime […]
Category: Economics Current Affairs
Prompt Corrective Action Framework
Prompt Corrective Action Framework: Reserve Bank of India has removed the Central Bank of India from its Prompt Corrective Action Framework (PCAF) after the lender showed improvement in various financial ratios, including minimum regulatory capital and net non-performing assets (NNPAs). The Prompt Corrective Action norm is a supervisory tool and is imposed when a bank […]
National Logistics Policy 2022
National Logistics Policy 2022: The Government has launched a National Logistics Policy (NLP) 2022, aiming to achieve ‘quick last-mile delivery’, end transport-related challenges. Logistics encompasses planning, coordinating, storing, and moving resources —people, raw materials, inventory, equipment, etc., from one location to another, from the production points to consumption, distribution, or other production points. The term […]
National Assessment And Accreditation Council
National Assessment And Accreditation Council: The National Assessment and Accreditation Council (NAAC), which carries out quality checks or assessments of Indian Higher-level Educational Institutions (HEIs), courted controversy recently over the rating of the Maharaja Sayajirao University of Baroda and allegations of bribery in the process. The NAAC, an autonomous body under the University Grants Commission […]
What Is Philanthropy?
What Is Philanthropy? Through philanthropy, India can reach a per capita income of USD15,000 by India@100 by 2047, accelerating inclusive and sustainable economic growth. Philanthropy refers to charitable acts or other good works that help others or society as a whole. Philanthropy can include donating money to a worthy cause or volunteering time, effort, or […]
State Level Institution
State Level Institution: A state level institution on the lines of NITI Aayog will be established in Maharashtra. It will help to bring drastic changes in sectors like agriculture, health, education, employment, environment etc. in the state. Chief executive officer of NITI Aayog and other experts made a presentation on how Maharashtra will be assisted […]
Direct Tax Collections
Direct Tax Collections: India’s net direct tax collections have crossed ₹7 lakh crore so far this year, 23.33% more than the corresponding period last year, signalling a post-pandemic rebound in the economy, the Finance Ministry said. Net direct tax collections as on Saturday stood at ₹7,00,669 crore, compared with ₹5,68,147 crore as of September 17, […]
East Asia Summit Economic Ministers Meeting
East Asia Summit Economic Ministers Meeting: Minister of Commerce and Industry, Anupriya Patel, attended East Asia Summit Economic Ministers’ Meeting in Siem Reap City of Cambodia. The meeting saw representation from all 10 ASEAN countries as well as eight partner countries including Australia, China, India, Japan, New Zealand, South Korea, Russia and the US. The […]
Ethereum : World’s Second Most Valuable Cryptocurrency
Ethereum : World’s Second Most Valuable Cryptocurrency Ethereum, the world’s second most valuable cryptocurrency, has completed a significant software overhaul which promises to ramp up security of the cryptocurrency while claiming to cut down on its carbon footprint, nearly entirely. The revamp, known as ‘The Merge,’ will cast aside the need for crypto miners and […]
26th Meeting Of The Financial Stability And Development Council
26th Meeting Of The Financial Stability And Development Council: The Union Minister of Finance and Corporate Affairs chaired the 26th Meeting of the Financial Stability and Development Council (FSDC). Key Highlights: The council stressed on the early warning indicators for the economy and the preparedness to deal with them, improving the efficiency of the existing […]
