World Bank 2022-23 GDP Forecast for India

The World Bank has increased India’s GDP forecast for the current fiscal year from its October estimate of 6.5 per cent to 6.9 per cent. World Bank’s Latest Forecast The World Bank has raised its forecast for India’s economic growth ..

Month: Current Affairs - December, 2022

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

Single-block-and-multiple debit in UPI

At the end of the recently held Monetary Policy Committee’s Meeting, RBI Governor announced that UPI’s capacity will be enhanced through the introduction of single block and multiple debits functionality, enabling the users to block funds in their accounts to ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

Meta-Airtel Partnership to Extend 2Africa Pearls Subsea Cable

Bharti Airtel and Meta have decided to jointly invest in global connectivity infrastructure project that would extend the 2Africa Pearls (a subsea cable) to India. What is 2Africa Pearls? The 2Africa Pearls is one of the largest subsea cable systems ..

Month: Current Affairs - December, 2022

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

PAN Number to be Unique Identifier for Business to Access NSWS Clearance

Union Minister of Commerce Piyush Goyal recently announced the Central Government is mulling allowing businesses to use their permanent account number (PAN) as a unique identifier for accessing the national single window system (NSWS) to receive different clearances and approvals ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

RBI Framework on Indian Banks’ Foreign Businesses

On December 1, the Reserve Bank of India has unveiled a framework allowing overseas subsidiaries and branches of Indian banks and financial institutions to undertake activities that are not specifically permitted in the Indian domestic market. This framework has been ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

RBI Unveils 4-tiered Regulatory Framework for Urban Cooperative Banks

A four-tiered regulatory framework for categorization of the Urban Cooperative Banks (UCBs) was recently released by the Reserve Bank of India (RBI). It had also announced norms concerning the net worth and capital adequacy of these banks. Why is the ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

RBI Launches Retail CBDC

After successfully launching the wholesale pilot project for central bank digital currency in November, the RBI commenced the retail CBDC pilot project from December 1. About RBI’s Retail CBDC Pilot Project On December 1, the first phase of the retail ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

Kirit Parikh Committee on Gas Pricing

The Kirit Parikh panel recently submitted a report on gas pricing, recommending complete pricing freedom from January 1, 2026. What are the key recommendations of the panel? The committee recommended that India should have completely free and market-determined pricing of ..

Month: Current Affairs - December, 2022

Category: Economy & Banking Current Affairs

Merger of Air India and Vistara

Tata Sons and Singapore Airlines (SIA) have agreed to merge Air India and Vistara to create India’s second-biggest carrier. Why is this merger significant? The Singapore Airlines (SIA) will get 25.1 per cent stake in the merged entity at an ..

Month: Current Affairs – November, 2022

Category: Economy & Banking Current Affairs

WTO Goods Trade Barometer

The latest World Trade Organization Goods Trade Barometer predicted slow growth of global trade in the closing months of 2022 and in 2023 due to strong headwinds. What is Goods Trade Barometer? The Goods Trade Barometer was developed by the ..

Month: Current Affairs – November, 2022

Category: Economy & Banking Current Affairs