News/Context: The Reserve Bank of India (RBI) published its ‘Statement of Commitment to Support Greening India’s Financial System – NGFS’, coinciding with the 2021 United Nations Climate Change Conference (COP26). ...
News/Context: The RBI on Nov 2, 2021 issued a revised Prompt Corrective Action (PCA) framework for banks to enable supervisory intervention at "appropriate time" and also act as a tool...
News/ Context: That as many as 21 of 35 States/UTs have utilised, by October 29, over 100% of their allocated funds under the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS)...
News/ Context: Signalling a greater shift towards formalisation of the economy, the share of the large informal sector in overall economic activity dipped sharply in 2020-21 even as informal workers...
(GS 3, Economics, The Hindu, Indian Express) News/Context: On July 15 and October 7, the Centre had released Rs 75,000 crore and Rs 40,000 crore, respectively, to the states. With the...
News/Context: Unseasonal rains in Uttar Pradesh and a higher diversion to ethanol production are likely to result in a drop in sugar production this year, according to industry estimates. With...
(GS 3, Economics, The Hindu, Indian Express) News/ Context: Indian government is expecting the tax revenue for current financial year 2000 2122 to be 10% above the budget, Beating forecast for...
News/Context: Bitcoin, the most popular private cryptocurrency in the world, has been rallying this year, hitting an all-time high of over $66,000 last week. Many investors have been piling into...
News/Context: The government is likely to launch the next tranche of the Bharat Bond ETF by December and expects to raise over Rs 10,000 crore to fund growth plans of...
News/ Context: The government is likely to amend the Pension Fund Regulatory and Development Authority Act, 2013 so that the National Payment System Trust (NPS) could be separated from the...