Govt. sets up a new panel to review all NSO data Context The Union government has established a new internal monitoring system for official data, modernizing the Standing Committee on Economic Statistics (SCES), which was established in late 2019 not long after the results of […]
India To Push G-20 To Raise MNC Tax Share Context: The 2021 agreement, which updates long-standing regulations on how governments tax multinational corporations, was scheduled to take into effect in more than 140 nations starting in 2019. The current regulations are often regarded as being […]
Pakistan gets final IMF nod for $3-bn loan in stand-by arrangement Context: The International Monetary Fund (IMF) approved a $3 billion “stand-by arrangement” for Pakistan on Wednesday, providing financial respite to the country’s cash-strapped government by supporting its attempts to stabilize the struggling economy. What […]
FinMin pushes for reforms to spur FDI Context : The Finance Ministry has argued forcefully for steps to encourage FDI flows, which decreased last year and may continue to be muted in the months ahead. It suggested that authorities pay more attention to the problems […]
‘A global rupee may raise volatility’ Context : Officials of an Inter-Departmental Group of the RBI warn that the internationalisation of the rupee may conflict with domestic monetary policy, but the group maintains that the advantages of internationalisation much outweigh the different worries. What does […]
RBI reports 76% of ₹2,000 notes returned Context : The Reserve Bank of India (RBI) asked the general population to use the next three months to deposit and/or exchange the 2,000 banknotes that were in circulation as of May 19, 2023, as 76% of those […]
Indian Refiners Paying In Yuan For Russian Oil Context: As a result of Western sanctions, which require Moscow and its clients to find alternatives to the dollar for payment settlement, Indian refiners have started paying for part of their imports of oil from Russia in […]
Indian economy resilient despite global risks: RBI Context : The Reserve Bank of India (RBI) stated in its biannual Financial Stability Report (FSR) on Wednesday that the Indian economy and domestic financial system remain robust despite the increased uncertainties facing the global economy. What is […]
Exports Dip Again And Trade Deficit Hits 5-Month High Context : The trade imbalance in May increased to a five-month high of $22.1 billion as India’s exports of goods dropped 10.3% to $34.98 billion while imports decreased at a slower 6.6% rate to $57.1 billion. […]
Requirement For Limits On UPI Transactions Context: Users can currently make up to 20 transactions, or Rs. 1 lakh, in a single day, either all at once or spread out over the day. Limits would assist preserve a crucial security infrastructure and its flawless operation […]