Current Affair Category: Indian Economy

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, […]

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. […]