The success of “Womaniya on Government eMarketplace” was commemorated in New Delhi on January 14. There are over one lakh 44 thousand Udyam-verified women micro, small enterprises (MSE) registered at present, known as “Womaniya”.
Category: Economy
India and US launched a new working group on “Resilient Trade”
Union Minister of Commerce and Industry Shri Piyush Goyal visited Washington D.C. between 10-11 January 2023 to participate in the 13th Ministerial Meeting of the India-U.S. Trade Policy Forum. Key highlights India and USA
FSSAI notifies regulatory standards for basmati rice
Food Safety and Standards Authority of India, FSSAI has notified comprehensive regulatory standards for Basmati Rice for the first time. These standards will be enforced from 1st of August 2023. Reasons behind regulatory standards Salient features of regulatory standards About Read More …
Cabinet approves the incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions
The Union Cabinet has approved the incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022. Key points Background
NRE/NRO accounts with international mobile numbers can now use UPI
Non-resident Indians (NRIs), who hold bank accounts in India but live abroad, will now be able to use the Unified Payments Interface (UPI) on their international mobile numbers as well. Key points
World Bank predicts India’s economic growth to slow to 6.9% in FY23
The World Bank on January 10 projected the Indian economy to grow at a robust 6.6 per cent in 2023-24 (FY24), slowing down from an estimated 6.9 per cent in 2022-23 (FY23). Key points What is a recession?
Northern Coalfields Limited to Produce M-Sand from Overburden
Northern Coalfields Limited (NCL) is all set to start production of manufactured sand (M-Sand)-the core material used in construction in civil works in its Amlohri Project. NCL is a Miniratna coal-producing company.
SBI Ecowrap report: Free distribution of cereals reduced income inequality in the country
According to the SBI Ecowrap report, free distribution of cereals during the pandemic reduced income inequality across laggard States and those at the bottom of the pyramid. Key points
RBI to issue green bonds in two tranches of Rs 8K cr each
The Reserve Bank of India (RBI) on 6th January announced that it will be issuing Sovereign Green Bonds to mobilising resources for green infrastructure. Key points Green bonds and salient features
RBI opens sandbox to 6 firms to test anti-fraud solutions
The Reserve Bank of India has selected six entities, including Bahwan Cybertek, Crediwatch Information Analytics and HSBC, for the ‘Test Phase’ under regulatory sandbox for the theme ‘Prevention and Mitigation of Financial Frauds’. Key points About regulatory sandbox (Source: Business Read More …
RBI releases Domestic Systemically Important Banks (D-SIBs) of 2021
The Reserve Bank of India (RBI) has retained State Bank of India (SBI), ICICI Bank and HDFC Bank as domestic systemically important banks (D-SIBs) for 2021. key points
Supreme Court upholds demonetisation
The Supreme Court on January 2, 2023 upheld the Centre’s 2016 decision to demonetise currency notes of Rs 500 and Rs 1,000. What the Supreme Court said? Demonetization (Source: Indian Express)
RBI launches Utkarsh 2.0
The Reserve Bank of India (RBI) on December 30 launched Utkarsh 2.0 mechanism, the second phase of the central bank’s medium-term strategy for strengthening regulatory and supervisory mechanism. Key points Utkarsh 2.0 harnesses the strengths of Utkarsh 2022 by retaining Read More …
Education sector received highest share of CSR funds in 2016-21
According to data available with the Union ministry of corporate affairs, India Inc. has utilised the highest share of its mandated Corporate Social Responsibility (CSR) fund in the education sector, followed by health and rural development between FY16-17 and FY20-21. Read More …
India’s Current account deficit widens to a 9-year high at 4.4% of GDP
India’s current account balance recorded a deficit (CAD) of $36.4 billion (or a nine year high of 4.4% of GDP) in the quarter ended September 2022, rising from $18.2 billion (2.2%) in the previous quarter. About current account deficit