Current Affair Category: Indian Economy

Introduction The Reserve Bank of India (RBI) has issued a directive to Credit Information Companies (CICs) regarding the notification of customers when their Credit Information Report (CIR) is accessed by banks and non-banking finance companies (NBFCs). Additionally, banks and NBFCs are mandated to inform customers via SMS or email when they submit information to CICs […]

Introduction The Reserve Bank of India (RBI) is set to conclude a $5 billion forex swap with banks, marking a strategic move aimed at effectively managing liquidity and mitigating inflationary pressures. This innovative financial instrument, known as the Dollar–Rupee Swap, allows the RBI to exchange its currency with banks, providing a crucial tool for stabilizing […]

Introduction Recently, Prime Minister Modi confirmed India’s formal bid to host the 2036 Olympic Games, sparking discussions on the financial implications and potential benefits of staging this prestigious event. Hosting the Olympics is a monumental undertaking that involves significant expenditure and meticulous planning. This reframed article delves into the historical origins of the Olympics, the […]

Advancing Connectivity: Setu Bandhan Scheme Bridges Gaps in Arunachal Pradesh Introduction In a significant development, the Union Minister for Road Transport and Highways recently unveiled the Setu Bandhan Scheme, earmarking funds from the Central Road and Infrastructure Fund (CRIF) for seven pivotal bridge projects in Arunachal Pradesh. This initiative, under the aegis of the Ministry […]

Advancing India’s Innovation Ecosystem: From Make in India to Invent in India Introduction India, currently the world’s fifth-largest economy, aspires to ascend to the third spot in the near future. However, it lags in critical domains like innovation, science, and technology. The deficiency primarily stems from academia and industry not contributing adequately to the national […]

Examining the Controversy Surrounding India’s Electronics Manufacturing Initiative: Introduction: A recent dispute between former RBI governor Raghuram Rajan and Minister of State for Electronics Rajeev Chandrasekhar has cast a spotlight on the efficacy of a crucial Central government initiative aimed at strengthening the electronics manufacturing sector in India. The crux of the disagreement revolves around […]

Source: The Hindu        Introduction: NITI Aayog, the premier policy think tank of the Government of India, recently released its eagerly anticipated report, titled ‘National Multidimensional Poverty Index: A Progress Review 2023.’ This report brings to light the remarkable strides made by India in addressing multidimensional poverty, showcasing the efforts to uplift millions from deprivation […]

Source: The Indian Express  Introduction The Indian banking sector has experienced a notable turnaround in its non-performing assets (NPA) ratio, reflecting an overall improvement in its financial health. After grappling with the highest NPA ratio among emerging economies just a few years ago, Indian banks have made significant progress in reducing bad loans. Understanding Bad […]

The introduction of Time-of-Day Tariff: A game changer for electricity consumers and the power sector Introduction: The Ministry of Power has recently implemented Time-of-Day (ToD) tariff for electricity, a significant change in the power sector. This article aims to explore the concept of ToD tariff, its impact on consumers, and its importance for the power […]

Introduction: India is actively exploring the possibility of developing salt cavern-based strategic oil reserves in Rajasthan, which would mark a significant shift from the existing rock cavern-based storage facilities. This feasibility study conducted by Engineers India (EIL) aims to increase the country’s storage capacity and bolster its energy security measures. If successful, the implementation of […]