Current Affair Category: Indian Economy

The ‘Mission 100% Electrification’ project is like chasing an unrealistic dream of becoming a green railway, leading to many usable diesel locomotives becoming unnecessary. Export of Diesel Locomotives: India’s RITES Ltd. is sending six refurbished diesel locomotives to Africa after converting them to fit African tracks. This is the first project of its kind. Idle […]

Directorate of Revenue Intelligence (DRI): The Directorate of Revenue Intelligence (DRI) is a premier agency under the Department of Revenue, Ministry of Finance, Government of India, tasked with investigating and combating smuggling and customs-related offenses, particularly focusing on the enforcement of economic laws. Key Functions of DRI: Prevention of Smuggling: DRI works to prevent the […]

The government has appointed Revenue Secretary Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI). He will be the 26th Governor of RBI and will replace the current Governor Shaktikanta Das. The appointment of the Governor of the Reserve Bank of India (RBI) is governed by the provisions of the Reserve Bank of […]

Decoupling refers to breaking the traditional link between two related factors, particularly economic growth and environmental degradation. In this context, it means achieving economic growth without a proportional increase in negative environmental impacts, such as greenhouse gas (GHG) emissions. Types of Decoupling: Relative Decoupling: Economic growth occurs at a faster rate than the increase in […]

Overnight Alternative Reference Rate (ARR): What is the Overnight Alternative Reference Rate (ARR)? It is a modern benchmark interest rate used in financial markets to determine the cost of borrowing or lending in overnight transactions. It replaces older benchmarks like LIBOR (London Interbank Offered Rate) and is part of global reforms aimed at improving transparency […]

सुरक्षित ओवरनाइट रुपया दर (एसओआरआर): सुरक्षित ओवरनाइट रुपया दर (एसओआरआर) क्या है ? भारतीय रिजर्व बैंक (आरबीआई) द्वारा ब्याज दर डेरिवेटिव बाजार के लिए प्रस्तावित एक नई बेंचमार्क दर है। यह सुरक्षित मुद्रा बाजार में लेनदेन पर आधारित है, जिसमें शामिल हैं: ओवरनाइट रेपो मार्केट: ऐसे लेनदेन जहां वित्तीय संस्थान एक दिन के लिए संपार्श्विक […]

Why in News ?  The Reserve Bank of India (RBI) has raised the interest rate ceilings on Foreign Currency Non-Resident (Banking) FCNR(B) deposits to attract more foreign currency inflows. FCNR(B) deposits are foreign currency term deposits that Non-Resident Indians (NRIs) can open with Indian banks. Key Details: Revised Interest Rate Ceilings: For deposits of 1 […]

Why in News? Recently these terms were used in an article . What is Friendshoring? Friendshoring refers to the practice of relocating supply chains and manufacturing operations to countries that are politically and economically aligned with the home country, often to reduce risks associated with geopolitical tensions and ensure stable trade relationships. Key Features: Focuses […]

Progressive resource allocation methodology is a strategic framework for dynamically distributing resources—such as capital, manpower, technology, or materials—based on evolving priorities, outcomes, and constraints. This methodology emphasizes flexibility, adaptability, and continuous improvement to optimize efficiency and align with organizational goals. Key Features: Incremental Deployment: Resources are allocated in stages, allowing for adjustments based on feedback, […]

China Plus One : Niti Aayog Even as a new NITI Aayog report, the ‘Trade Watch’, released recently, says that India has seen “limited success so far” in capturing the ‘China Plus One’ strategy. Key Points : India’s Limited Success in the ‘China Plus One’ Strategy: The NITI Aayog report notes India has not fully […]