Current Affair Category: Indian Economy

India’s worsening water shortage crisis can adversely impact the nation’s credit health while sparking social unrest and exacerbating the volatility in its economic growth, rating agency Moody’s Ratings said in a report recently. In addition, coal power generators and steel makers are most vulnerable to water stress, Moody’s said. Decreases in water supply can disrupt agricultural production and […]

The World Investment Report 2024, published by UNCTAD, provides a comprehensive analysis of global and regional foreign direct investment (FDI) trends and their implications for sustainable development. Key highlights: Global FDI Trends: Global FDI flows declined by 2% in 2023, reaching $1.3 trillion. This downturn is attributed to ongoing global crises, trade tensions, and tighter […]

Why in News? Amid a sharp decline in funding for startups and consequent job losses, Indian Inc has sought the removal of Angel Tax that has been a subject of heated debate between the industry and the government ever since the scope of the controversial tax was expanded in the Finance Bill 2023. What is Angel  Tax? Angel tax […]

Why in News? The National Financial Reporting Authority (NFRA) will wrap up its first annual inspection of eight audit firms – including the Big Five. About NFRA : The National Financial Reporting Authority (NFRA) is a crucial regulatory body established under the Companies Act, 2013, in India. Objectives: Enhance the Quality of Corporate Financial Reporting: The NFRA strives to ensure […]

The National Curriculum Framework (NCF) in India is a crucial document that guides the development of school curriculums across the country. It’s closely linked to the National Education Policy (NEP) 2020. Objectives: Transforming Education: The NCF aims to translate the vision of NEP 2020 into actionable steps for school education. It outlines the desired learning […]

The National Credit Framework (NCrF) is an initiative in India’s education system aimed at creating a more flexible and unified structure. Here’s a breakdown: What it is: A system that assigns credits to learning across different educational stages – school, higher education, and vocational training. Credits are based on learning outcomes, allowing students to seamlessly […]

Why in news? The term“irrational exuberance” was recently used in an article. Irrational exuberance, in the context of the Indian economy, refers to a situation where investor sentiment becomes excessively optimistic, driving asset prices (like stocks or real estate) significantly higher than their intrinsic value based on factors like company earnings or potential future growth. […]

Greedflation refers to a situation where inflation is driven by corporate profit maximization rather than traditional economic factors. Concept of Greedflation: Typically, inflation arises from factors like increased demand, supply chain disruptions, or rising input costs (like raw materials). Greedflation suggests companies use periods of inflation as an opportunity to raise prices excessively, beyond what’s […]

Why in news ? The Securities Exchange Board of India’s (SEBI) recently slapped a fine of Rs 7.75 crore on 11 individuals for allegedly operating a ‘pump and dump’ scheme. About Pump & Dump Scheme? A pump and dump scheme is a type of securities fraud that involves artificially inflating the price of a stock […]

Why in news ?The RBI Governor Shaktikanta Das has recently  said that the Reserve Bank has decided to set up a Digital Payments Intelligence Platform which will harness advanced technologies to reduce payment fraud risks. To take this initiative forward, the Reserve Bank has constituted a committee headed by A.P. Hota, former MD & CEO, […]