Inflation: There are wide disparities in the pace of price rise experienced by consumers across the country, with a dozen States clocking an average inflation of less than 6% and another 12 States averaging more than 7% through 2022 so far. Headline inflation measured by the Consumer Price Index has averaged 6.8% in the first […]
Category: Economics Current Affairs
Registry To Check Bank Fraud
Registry To Check Bank Fraud: The Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud. Such a database would help prevent fraudsters from repeating the offence as the websites or phone numbers would be blacklisted, RBI executive director Anil […]
Indian Economy Growth Prediction 2022
Indian Economy: Finance Minister Nirmala Sitharaman has said that the Indian economy will grow at the rate of 7.4 percent in the current fiscal as well as in the next year. She said, International Monetary Fund and the World Bank have projected India’s growth to be the fastest for the next two fiscal years, and […]
Central Bank Digital Currency (CBDC)
Central Bank Digital Currency (CBDC): Reserve Bank of India’s (RBI) digital rupee — the Central Bank Digital Currency (CBDC) — may be introduced in phases beginning with wholesale businesses in the current financial year. RBI had proposed amendments to the Reserve Bank of India Act, 1934, which would enable it to launch a CBDC. Central […]
New Delhi Excise Policy 2021-22
New Delhi Excise Policy 2021-22: The New Delhi Excise Policy 2021-22, which sought to ensure optimum revenue for the State government and confront the sale of spurious or bootlegged liquor ran widespread allegations of “procedural lapses”. This has forced the government to scrap it with effect from August 1, 2022 Under the new policy, the […]
Sovereign Gold Bond Scheme
Sovereign Gold Bond Scheme: Sovereign Gold Bonds(SGB) 2022-23 (Series II) will be opened for subscription during the period August 22-26, 2022 with a Settlement date of August 30, 2022. SGB scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings – […]
CAROTAR, 2020
CAROTAR, 2020: The Central Board of Indirect Taxes and Customs (CBIC) issued a circular, stating that custom officers should be sensitive in applying CAROTAR (Customs Administration of Rules of Origin under Trade Agreements) Rules, 2020 and maintain consistency with the provisions of relevant trade agreements or its Rules of Origin. Exemptions specified in a Free […]
Governing Council Meeting Of NITI Aayog
Governing Council Meeting Of NITI Aayog: The Prime Minister chaired the seventh meeting of the Governing Council (GC) of NITI Aayog. Key Agenda: Crop diversification and achieving self-sufficiency in pulses, oilseeds and other agri-commodities Implementation of National Education Policy (NEP) in school Education, Implementation of National Education Policy in higher education, and Urban governance. PM’s […]
Traditional Knowledge Digital Library (TKDL)
Traditional Knowledge Digital Library (TKDL): The Cabinet has approved the “Widening access of the Traditional Knowledge Digital Library (TKDL) database to users, besides patent offices”. The opening up of the TKDL is also envisaged to inculcate thought and knowledge leadership through Bharatiya Gnana Parampara, under the New Education Policy 2020. The Traditional Knowledge Digital Library […]
Panch Pran
Panch Pran: In his Independence Day address, Prime Minister Narendra Modi asked Indians to embrace the “Panch Pran” — five vows — by 2047 when the country celebrates 100 years of independence. The first vow, he said, is for India to become a developed country in the next 25 years. NTPC is steadily lowering its […]
