New Member of Monetary Policy Committee (MPC)

The Reserve Bank of India’s (RBI) central board gave its approval to appoint Rajiv Ranjan as an ex-officio member of the RBI’s monetary policy committee. Who is Rajiv Ranjan and he is replacing whom? Mridul Saggar is being replaced by ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

India-Denmark Business Forum

Indian Prime Minister Narendra Modi jointly participated with the Prime Minister of Denmark, and Crown Prince Frederik of Denmark, in the “India- Denmark Business Forum”. What are the highlights of PM Modi’s speech? Prime Minister Modi Invoked the popular social ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

International Research Conference on Insolvency and Bankruptcy

The first two-day International Research Conference on Insolvency and Bankruptcy was recently organized in India. Who organized the conference? The conference was organized by the Insolvency and Bankruptcy Board of India (IBBI), jointly with the Indian Institute of Management Ahmedabad ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

All-time high GST collections in April 2022

India’s gross Goods and Services Tax (GST) revenues hit a new high of ₹1.68 lakh crore in April 2022. For the first time, gross GST collection has crossed the ₹1.5 lakh crore mark. Is the growth in collection uniform across ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Coal shortage in India

Currently, India is undergoing a second major power crisis since October 2021. Why is India facing coal shortage? The main reason for the coal shortage is the increasing power demand. In 2022, the demand increased to 132 billion units (BU) ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

India’s Pharma Exports in 2021-22

India’s pharma sector recorded its best-ever export performance in 2021-22. What is the growth of India’s Pharma sector? India’s pharma sector witnessed a growth of 103% since 2013-14, from Rs. 90, 415 crores in 2013-14 to Rs. 1,83,422 crore in ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

RBI Report on Currency and Finance

Recently, the Reserve Bank of India (RBI) released the Report on Currency and Finance (RCF) for the year 2021-22. What is the theme of the report? The theme of the report is “Revive and Reconstruct” in the context of nurturing ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

States vs Centre on fuel taxes

The Centre and the states are at loggerheads over taxes and duties on petrol and diesel. What is the argument of the Centre? Centre feels that some states are not reducing Value added tax (VAT) on petrol and diesel in ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

State of employment in India

According to the latest data from the Centre for Monitoring Indian Economy (CMIE), India’s labor force participation rate (LFPR) has fallen to 40% from 47% in 2016. What is the labor force? According to the Centre for Monitoring Indian Economy ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

India’s forex reserves

India’s foreign exchange (forex) reserves declined for the seventh consecutive week. What are forex reserves? Forex or foreign exchange reserves are assets held by the central bank in foreign currencies as a reserve. How much forex reserves does India currently ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs