Current Affair Category: Indian Economy

Banks are likely to deliver a softer growth in the quarter ended September 2024, led by slower credit growth and moderation in net interest margins (NIM). Net interest margin are expected to decline by 2-10 basis points sequentially given pressure on cost of funds resulting from repricing of deposits. “Banks are expected to deliver yet […]

Why in News ?  The Bureau of Indian Standards (BIS) has begun the process of formulating a National Agriculture Code (NAC), on the lines of the existing National Building Code and National Electrical Code. What is the National Agriculture Code? The BIS is the national body which sets standards for different products across various economic […]

A G20 expert panel on strengthening Multilateral Development Banks (MDBs), such as the World Bank and the Asian Development Bank, wants the institutions to shift from financing individual projects to prioritising programmes with sectoral focus and long-term transformation plans, as identified by national governments. According to the expert group, MDBs should focus their operations – financial […]

Speaking at the Kautilya Economic Conclave here, the External Affairs Minister stated that the conflicts in Ukraine and West Asia have shifted the focus of global politics away from crucial issues Amid rising protectionist measures in India and the West against the rapid surge of Chinese imports in crucial sectors, External Affairs Minister S. Jaishankar […]

Why in News? Union Cabinet approves Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) to promote sustainable agriculture and Krishonnati Yojana (KY) to achieve food security for self-reliance States given the flexibility to reallocate funds from one component to another based on their specific requirement About  the Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY): PM-RKVY will […]

Why in News?The Rapid Financing Instrument (RFI) is a financial tool provided by the International Monetary Fund (IMF) that offers quick financial assistance to member countries facing urgent balance of payments needs. It is designed to provide swift financial relief in cases of economic crises caused by external shocks, such as natural disasters, commodity price […]

The central government has reconstituted the Monetary Policy Committee (MPC) under the provisions of the Reserve Bank of India (RBI) Act, 1934, the Ministry of Finance said in a statement. The government issued a notification on 1 October with the newly included names of the members of the MPC. The six-member MPC is responsible for […]

Why in News- India has recently achieved a significant milestone in the Asia Power Index, surpassing Japan to become the third most powerful country. This shift is a sign of India’s growing geopolitical status, active development and rapidly growing economy. Key factors for India’s rise: Economic growth- India made rapid economic reforms after the pandemic, […]

Remember the early 2000s, when China’s entry into the WTO sparked intense debates? Some said it would lead to a new wave of economic growth, while others warned of job losses due to cheap Chinese goods flooding global markets. Fast-forward to today, and we’re witnessing a similar scenario – what many are now calling ‘China […]

The terms “China Shock 1.0” and “China Shock 2.0” refer to two phases of economic impact caused by China’s integration into the global economy, particularly its influence on other economies due to its manufacturing dominance and trade practices. China Shock 1.0 This term usually refers to the massive disruption that many Western economies, particularly the […]