Current Affair Category: Indian Economy

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, […]

Why in News:Gearing up to remain “future-ready for India’s fast-growing economy”, the Reserve Bank of India (RBI) has listed a series of aspirational goals, including capital account liberalisation and internationalisation of the Indian rupee (INR), universalising of digital payment system and globalisation of India’s financial sector in a multi-year timeframe. Liberalizing Capital Account in the […]

Why in News?Bollywood megastar Shah Rukh Khan’s non-governmental organisation (NGO), Meer Foundation, has been granted Foreign Contribution Registration Act (FCRA) licence by the Ministry of Home Affairs (MHA) for five years. The Foreign Contribution (Regulation) Act, or FCRA, is a law enacted by the Indian government in 2010. It regulates how NGOs, individuals, and companies in India can receive foreign donations […]

Why in News? In a first since early 1991, over 100 tonnes (1 lakh kilograms) of gold have been moved by the Reserve Bank of India (RBI) from the UK to its vaults in India. As per the report , a similar quantity of gold may head into the country in coming days. How RBI’s […]

South Korean government has ordered the companies that if they are doing Shrinkflation then they have to mention it clearly on product label for 3 months. Otherwise, Government will impose penalty. Shrinkflation is a sneaky way for manufacturers to raise prices without explicitly increasing the price tag. The Scam: Manufacturers reduce the quantity of a […]

Why in News ? The RBI  has launched three major initiatives, including a mobile app, to enable retail investors to participate in the government securities (G-Secs) market. These  3 initiatives are PRAVAAH portal , Fintech  & EmTech Repositories. About  PRAVAAH portal : The Reserve Bank of India (RBI) launched the PRAVAAH portal in April 2023. […]

Why in News ? The  Finance Minister Nirmala Sitharaman ahs recently  said that the government has so far achieved savings of more than 25,500 crore through the treasury savings account (TSA) and the single nodal agency (SNA) bank accounts.  What is Treasury Savings Account (TSA)? A Treasury Savings Account (TSA) is a bank account used […]

According to the data available on the National Cybercrime Reporting Portal, between January and April 2024, over 740,000 complaints were lodged related to cybercriminal activities leading to monetary losses worth over Rs 1,750 crore. The Indian Cyber Crime Coordination Centre (I4C) stated that in May 2024, an average of 7,000 cybercrime complaints were recorded daily. […]