Current Affair Category: Indian Economy

Why in News?  The Chief Economic Adviser V Anantha Nageswaran has recently said that \the country needs further capital market reform 2.0 to meet the growing needs of the economy. He said that India will be entering into the JP Morgan government bond index. We have to deal with that and subsequently, starting in January […]

Why in news ? Bank, the central bank of Norway, has excluded Adani Ports and Special Economic Zone (APSEZ) from its Government Pension Fund Global, over the ‘unacceptable risk’ the company contributes to human rights violations during the times of war and conflicts. The Norwegian Government Pension Fund Global GPFG is one of the world’s […]

Black money is essentially money that evades the formal financial system. Here’s a breakdown of its characteristics, sources, and how governments tackle it: What is Black Money? Black money refers to income that goes unreported and untaxed. It can come from two main sources: Illegal Activities: This includes money earned through crimes like drug trafficking, […]

Why in News? India VIX, which is an indicator of the market’s expectation of volatility over the near term, surged past the 21 mark . The rise shows that fear among traders or market participants on the expected volatility is more now, as compared to 15 days earlier. Currently, the fear among the market players […]

To take ahead the ‘LiFE’ – ‘Lifestyle for Environment’ movement announced by the Hon’ble Prime Minister in 2021, the Ministry of Environment, Forest and Climate Change has introduced two pioneering initiatives that indicate the country’s pro-active approach to climate change, sustainability and promotion eco-conscious practices. These initiatives, the Green Credit Program (GCP) and the Ecomark […]

Private Final Consumption Expenditure (PFCE) refers to the spending by households and non-profit institutions serving households (NPISHs) on goods and services. It’s a crucial component in calculating a country’s Gross Domestic Product (GDP). PFCE: Households: This includes spending by individuals and families on things like food, clothing, housing, transportation, entertainment, and healthcare. Non-Profit Institutions Serving […]

Why in news? The term bank run was in news recently. What is Bank run?A bank run happens when a large number of depositors withdraw their money from a bank at the same time because they fear the bank is going bust (failing). It’s a self-fulfilling prophecy in a way, as the mass withdrawal can […]

Why in news? Gold has long been a preferred choice for parking wealth in India, long before stocks, mutual funds and other financial instruments became part of the broader mix of investment options. The metal is seen as a safe haven asset, providing a hedge against inflation or any kind of financial uncertainties. Apart from physically buying […]

Why in news? Recently Taiwan has demanded its “on-market economy” classification to “market economy” to avoid high taxes imposed by the United States on the goods imported from the Southeast Asian  country. What is a Market Economy? A market economy is a system in which production decisions and the prices of goods and services are […]

The Cross-Border Interbank Payments System (CIPS) is a Chinese payment system launched in 2015 by the People’s Bank of China (PBOC). Here’s a breakdown of CIPS: Purpose: Facilitate cross-border transactions in Renminbi (RMB), China’s currency. This aims to internationalize the use of RMB and reduce reliance on other currencies like USD. Services: Provides clearing and […]