Category: Economics Current Affairs

Four-Tier Structure For The Urban Cooperative Banks (UCBs): A Reserve Bank of India (RBI)-appointed committee has suggested a four-tier structure for the Urban Cooperative Banks (UCBs). In June 2020, the Central government approved an Ordinance to bring all urban and multi-state co-operative banks under the direct supervision of the RBI. In January 2020, the RBI […]

Alternative Investment Fund For Export-Oriented Micro, Small And Medium Enterprises (MSMEs): Finance minister has launched Rs 250 crore worth Alternative Investment Fund for export-oriented micro, small and medium enterprises (MSMEs). Objective of the fund: To Identify Indian enterprises with potential advantages by way of technology, products or processes along with export potential, but which are […]

National Monetisation Pipeline: Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, will launch the National Monetisation Pipeline. The National Monetisation Pipeline (NMP) comprises a four-year pipeline of the Central Government’s brownfield infrastructure assets. Besides providing visibility to investors, NMP will also serve as a medium-term roadmap for the Asset Monetisation initiative of the […]

Ubharte Sitaare Alternative Investment Fund: The Ministry of Finance has launched ‘Ubharte Sitaare’ Alternative Investment Fund to facilitate debt and equity funding to export-oriented MSMEs (Micro Small and medium Enterprises). The fund is expected to identify Indian enterprises with potential advantages, but which are currently underperforming or unable to tap their latent potential to grow. […]

Oil Bonds: The Centre has argued that it cannot reduce taxes on petrol and diesel as it has to bear the burden of payments in lieu of oil bonds issued by the previous UPA government to subsidise fuel prices. Before fuel prices were deregulated, petrol and diesel as well as cooking gas and kerosene were […]

Financial Inclusion Index: The Reserve Bank of India has created a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country. The announcement regarding the creation of the Financial Inclusion Index was made in the first Bi-monthly Monetary Policy Statement for 2021-2022 on 17 April. The annual FI-Index for the […]

75 “Hunar Haat”: The Union Ministry of Minority Affairs has set a target to provide employment opportunities to 7 lakh 50 thousand artisans, craftsmen through 75 “Hunar Haat”. To be organised across the country, the 75 Haats will be a part of the ‘Amrit Mahotsav’ and will mark 75 years of India’s Independence. Also, 75 […]

Drug Trafficking In India: The anti-drug law enforcement agencies are suspecting a steep surge in cross-border trafficking of heroin and crystal methamphetamine with the rapid Taliban takeover in Afghanistan. Drugs have been a major source of revenue for the Taliban. With the collapse of Afghanistan’s economy, the Taliban will rely heavily on drug money to […]

UP’s Two-Child Policy: After reviewing over 8,000 suggestions from the public, the Uttar Pradesh State Law Commission has submitted a report and draft Bill of a new population control law (The Uttar Pradesh Population (Control, Stabilisation and Welfare) Bill, 2021) proposing two-child policy to the State government. Special facilities to all families (irrespective of the […]