Category: Economics Current Affairs

Financial Action Task Force : Pakistan Is Off The ‘Grey List’: Pakistan is off the ‘grey list’ of the Financial Action Task Force (FATF) after four years. The FATF is a global watchdog that was founded to tackle money laundering initially but its role became prominent post the 9/11 terror attacks. Following the attacks, the […]

National Curriculum Framework: The Union Education ministry launched the National Curriculum Framework for foundational stage education of children in the three to eight years age group. The framework focuses on the ‘panchakosha’ concept – the ancient Indian emphasis on the body-mind connection. The NCF says its five parts are physical development (sharirik vikas), development of […]

Big Techs: Report by Reserve Bank of India (RBI), large non-financial technology firms, referred to as “big techs,” pose challenges to financial stability owing to their technological advantages, large user base, wide-spread use by financial institutions and network-effects. Big techs include companies such as Alibaba, Amazon, Facebook, Google, and Tencent. They usually hold service licenses […]

Single Integrated Pensioners Portal: Union Minister of state for Science and Technology recently launched the Single Integrated Pensioners’ Portal. Single Integrated Pensioners’ Portal developed in collaboration with State Bank of India and aimed at “Ease of Living” for the Central Government Pensioners. All the remaining 16 Pension disbursing banks shall now begin their integration with […]

National Highways Infra Trust (NHAI InvIT): According to the Union Minister for Road Transport and Highways, National Highways Infra Trust (NHAI InvIT) is looking to raise additional ₹3,800 crore and around Rs 1,500 crore were being garnered through an issue of non-convertible debentures (NCDs) with a long-dated maturity of 24 years. These InvIT bonds will […]

Electoral Bonds: The Union government recently told the Supreme Court that the procedure for funding political parties under the Electoral Bond Scheme-2018 is “absolutely transparent”. The electoral bonds system was introduced in 2017 by way of a money bill introducing amendments in the Finance Act and the Representation of People Act. It was implemented in […]

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 […]