India’s Foreign Exchange Reserves: India’s foreign exchange reserves rose by $835 million to touch a record high of $612.73 billion in the week ended July 16, 2021, the Reserve Bank of India (RBI) data showed. According to weekly data from the RBI, forex reserves rose to a record $612.73 billion in the reporting week, helped […]
Category: Economics Current Affairs
Caste-Wise Population In Census 2021
SCs And STs In Census: The Government of India informed Lok Sabha that it has decided as a matter of policy not to enumerate caste-wise population other than SCs and STs in Census. Subsequently many leaders demanded a caste-based census. Every Census in independent India from 1951 to 2011 has published data on Scheduled Castes […]
Special Economic Zones (SEZ)
Special Economic Zones (SEZ): Special Economic Zones (SEZ) have touched new heights in terms of performance in Exports, Investment and Employment in the last three years. An SEZ is a territory within a country that is typically duty-free (Fiscal Concession) and has different business and commercial laws chiefly to encourage investment and create employment. SEZs […]
Central Bank Digital Currency (CBDC)
Central Bank Digital Currency (CBDC):: The Reserve Bank of India is likely to soon kick off pilot projects to assess the viability of using digital currency to make wholesale and retail payments to help calibrate its strategy for introducing a full-scale central bank digital currency (CBDC). An official digital currency would reduce the cost of […]
Insolvency And Bankruptcy Board Of India (IBBI): Amendment
Insolvency And Bankruptcy Board Of India (IBBI): Amendment: The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The amendments are aimed at enhancing the discipline, transparency, and accountability in corporate insolvency proceedings. In March 2021 a sub-committee of the […]
Indian Labour Conference
Indian Labour Conference: The Bharatiya Mazdoor Sangh (labour union) wrote to the Prime Minister asking him to convene the Indian Labour Conference (ILC). It argued that since Indian Parliament has ratified Convention No 144 of the International Labour Organisation, it is now India’s legal obligation to hold the ILC in order to strengthen the […]
Startup India Showcase Platform
Startup India Showcase Platform.: 104 startups from different sectors have currently on boarded on the Startup India Showcase Platform. Startup India Showcase is an online discovery platform for the most promising startups of the country. These innovations span across various cutting-edge sectors such as Fintech, EntrepriseTech, Social Impact, HealthTech, EdTech, among others. Ecosystem stakeholders have […]
External Benchmarks Lending Rate
External Benchmarks Lending Rate: According to a recent RBI report on ‘Monetary transmission in India’, the share of outstanding loans linked to External Benchmarks Lending Rate (EBLR – like repo rate), increased from as low as 2.4% during September 2019 to 28.5% during March 2021. This increase in EBLR linked lending will contribute to significant […]
Awas Par Samvaad
Awas Par Samvaad: Pradhan Mantri Awas Yojana – Urban (PMAY-U) has launched Awas Par Samvaad – series of 75 seminars and workshops to take ahead the Prime Minister’s vision of ‘Housing for All’. Ministry of Housing and Urban Affairs (MoHUA) announced it on the occasion of sixth anniversary of PMAY-U on June 25, 2021. ‘Awas […]
State Of Food Security And Nutrition In The World
State Of Food Security And Nutrition In The World: A report titled ‘The State of Food Security Nutrition in the World 2021 (SOFI)’ has studied the impact of Covid-19 pandemic-induced income loss on food intake and malnutrition. The report is presented by the Food and Agriculture Organization of the United Nations, the International Fund for […]
