During Prime Minister Narendra Modi’s recent visit to Russia, both sides decided to expedite the free trade agreement negotiations between India and the Eurasian Economic Union (EEU).
Category: Economy
India Sets $100 Billion Trade Target With Russia by 2023
India and Russia have set a target of $100 billion in annual trade volume by 2030 and vowed to develop a robust bilateral payment settlement mechanism using national currencies. Key points
Information ratio
Market regulator SEBI has proposed that all mutual funds mandatorily disclose risk-adjusted return, not just the return.
Digital Bharat Nidhi
Recently, the Department of Telecommunications (DoT) released draft rules to operationalise the Digital Bharat Nidhi. Key points Digital Bharat Nidhi would replace the erstwhile Universal Service Obligation Fund (USOF). USOF is a pool of funds generated by a 5 per Read More …
DPIIT to launch Producer Price Index (PPI) in India
The Department for Promotion of Industry and Internal Trade (DPIIT) is finalising a model to launch a Producer Price Index (PPI) in India. This index will replace the Wholesale Price Index (WPI). Causes of shifting from WPI to PPI: Key Read More …
What Is A Mule Account?
Reserve Bank of India (RBI) governor Shaktikanta Das asked banks to step up efforts against ‘mule accounts’ and also intensify customer awareness and education initiatives, among other measures, to curb digital frauds. A mule account is an account created by Read More …
RBI joins ‘Project Nexus’ to enable instant cross-border retail payments
The Reserve Bank of India (RBI) has joined “Project Nexus”, a multilateral international initiative to enable instant cross-border retail payments by interlinking domestic Fast Payments Systems (FPSs).
FATF places India in ‘regular follow-up’ category
India has been placed in the ‘regular follow up category’ in the “Mutual Evaluation Report of India” by Financial Action Task Force (FATF).
International MSME Day 2024 Theme
The world celebrated International MSME Day 2024 on June 27 with the theme of MSMEs and the SDGs. Key points
India recorded a current account surplus of $5.7 billion in Jan-March quarter
India recorded a current account surplus of $5.7 billion or 0.6% of GDP in the January-March quarter of the fiscal year 2023-24, the Reserve Bank of India said on June 24. Key points
India’s First Ever Pilot project for Underground Coal Gasification in Jharkhand
Eastern Coalfields Limited (ECL) has initiated a pilot project for Underground Coal Gasification (UCG) at the Kasta coal block in Jamtara District, Jharkhand. Key points
Statistical Report on Value of Output from Agriculture and Allied Sectors 2024
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) has released the Publication- ‘Statistical Report on Value of Output from Agriculture and Allied Sectors 2024’. Key highlights
Bihar dy CM named convenor of GST rate rationalisation panel
Bihar Deputy Chief Minister Samrat Chaudhary has been appointed as the convenor of the Group of Ministers (GoM) on GST rate rationalisation.
Hatta Gas Field in the Vindhyan Basin
Oil PSU ONGC has signed a memorandum of understanding (MoU) with IOCL to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.
World Investment Report 2024
The United Nations Conference on Trade and Development (UNCTAD) released the “World Investment Report 2024”. Key highlights