World Bank USD 30 Billion Fund for Food Crisis

Actions that will be taken by the World Bank to mitigate the ongoing food security have been announced. The World Bank will be investing up to USD 30 billion to finance new and existing projects to mitigate the crisis. The ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs • International / World Current Affairs

Third Advance Estimates for Production of Major Crops 2021-22

The Union Ministry of Agriculture and Farmers Welfare has released the third advance estimate of the production of major agricultural crops for 2021-22. What do the advance estimates say? The food grains production in the country has been estimated at ..

Month: Current Affairs - May, 2022

Category: Agriculture Current Affairs • Economy & Banking Current Affairs • India Nation & States Current Affairs

World Economic Situation and Prospects (WESP)- Update

According to the World Economic Situation and Prospects (WESP) report that was released by the United Nations on 18th May 2022, the global economy this year is expected to grow by only 3.1 per cent. The earlier prediction in January ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs

IMF: Review of Special Drawing Rights (SDR)

The International Monetary Fund (IMF) increased the weighting of the US dollar and Chinese yuan (Renminbi) in the Special Drawing Rights (SDR) basket of currencies. The updated weightings will be effective from August 1st. What are the current weights assigned ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

April Wholesale Price Index (WPI)

The Wholesale Price Index (WPI) based inflation rate surged to 15.1 percent in the month of April due to the rise in prices of fruits, vegetables, manufacturing, milk, power, and fuel according to data that was released by the Ministry ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

SEBI Directions on Collective Investment Scheme

Securities and Exchange Board of India (SEBI) amended collective investment schemes (CIS) rules. What are the new regulations? SEBI enhanced the net worth criteria and track record requirements for entities managing collective investment schemes (CIS). Applicants or promoters of CIS ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Ban of Wheat Exports

On 14th May 2022, India banned wheat exports with some exceptions. This announcement came days after the central government had announced that this year record shipments of wheat are being targeted. this year. Why was this decision taken? This decision ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

MoU between Ministry of Agriculture and UNDP

The Ministry of Agriculture & Farmers Welfare (MoA&FW) and the United Nations Development Programme (UNDP) signed a Memorandum of Understanding (MoU). As per the MoU, UNDP will provide technical support to two government programs: Pradhan Mantri Fasal Bima Yojana (PMFBY) ..

Month: Current Affairs - May, 2022

Category: Agriculture Current Affairs • Economy & Banking Current Affairs

Retail inflation in India in April

According to the data released by the National Statistical Office (NSO), retail inflation in April is 7.79%. Rural inflation surged to a near 8-year high of 8.38%, whereas urban inflation was at an 18-month high of 7.09%. What is inflation? ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

MSME RuPAY Credit Card- Phase 2

Union Minister for Micro, Small, and Medium Enterprises (MSMEs) launched the second phase of the MSME RuPay Credit Card with the National Payments Corporation of India (NPCI) and 4 banks- Kotak Mahindra Bank, Bank of Baroda, SBM Bank (India), and ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs