Page-35 of Economy & Banking Current Affairs

RBI Decides to Keep Policy Rates Unchanged

April 6, 2024

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), which met recently, decided to keep the repo rate – the main policy rate – unchanged at 6.5 per cent and maintain the policy stance of ‘withdrawal of ..

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Issue of State Governments Power to Levy Excise Duty on Industrial Alcohol

April 6, 2024

The Supreme Court is currently hearing arguments on whether state governments have the power to regulate and control the sale, distribution, pricing and other factors relating to ‘industrial’ alcohol. The case has been referred to a 9-judge Bench headed by ..

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India’s Market Cap Likely to Hit $10 Trillion by 2030

April 5, 2024

India’s stock market capitalization is currently the fifth largest globally at $4.5 trillion, according to a report titled ‘Recap 2024. Crystal Gaze 2025’ by financial conglomerate Pantomath Group. The report predicts that India’s market cap is likely to hit $10 ..

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22 New Products Added to Geographical Indication (GI) Registry

April 1, 2024

In March 2024, the Geographical Indication (GI) registry of India added 22 new products from the states of Assam, Uttar Pradesh, Tripura, and Meghalaya. These products are now protected under the GI tag, which recognizes their unique qualities and geographical ..

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Digital India Trust Agency (DIGITA)

March 31, 2024

The Reserve Bank of India (RBI) is considering establishing a Digital India Trust Agency (DIGITA) to combat the proliferation of illegal lending apps and curb growing cyber fraud. This proposed agency aims to verify digital lending apps, maintain a public ..

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What is the T+0 Trading Settlement Cycle?

March 29, 2024

Recently, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have introduced trading in the T+0 rolling settlement cycle in the equity segment on an optional basis. This new settlement cycle allows for same-day settlement of trades, in ..

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Satellite-Based Toll Collection System in India

March 28, 2024

Recently, Union Minister of Roads, Transport and Highways Nitin Gadkari announced plans to introduce a satellite-based toll collection system for the country’s highways. This innovative system aims to charge tolls based on the distance travelled by vehicles, directly deducting the ..

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What are Meme Coins?

March 26, 2024

Meme coins are a unique category of cryptocurrencies that have gained significant popularity in the digital currency space. These coins trace their origin to the growth of meme culture on the internet and are often characterized by their lighthearted and ..

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