DPN Topics
Quantitative Easing Subject: Economy Context: The Bank of England conducted its first auction to sell government bonds from its quantitative easing stockpile. Details: It has been reducing its holdings of British government bonds, known as gilts, bought under quantitative easing QE in addition to not reinvesting the proceeds of maturing bonds.. The Federal […]
Day 1 of CBDC Subject: Economy Context: Government securities worth ₹275 crore were traded using the central bank digital currency (CBDC), on the first day of a pilot project in the wholesale segment according to the data published by the Clearing Corp. of India (CCIL) . Details: RBI opened a new platform called […]
China launches final space station module ‘Mengtian’ Subject: Science and Technology Context: Recently China launched its final space station module ‘Mengtian’ through the Long March-5BY4 carrier rocket. What is “Mengtian” module: The name “Mengtian” means “dreaming of the heavens”. It is the third and final module Tiangong space station The module is expected […]
Two finger tests are banned Subject :Polity Context: Recently, the Supreme Court has declared that any person conducting the invasive ‘two-finger’ or vaginal test on rape or sexual assault survivors will be found guilty of misconduct. A Bench of Justices D Y Chandrachud and Hima Kohli made this comments in its order restoring […]
North India first data center in Greater Noida Subject: Science and Technology Context: Recently North India’s Firstdata centre ‘Yotta D1’ in Greater Noida was inaugurated by UP CM Adityanath. What is data center: It is a dedicated secure space within a building/centralized location where computing and networking equipment is concentrated for the purpose […]
Credit Rating Agencies Subject: Economy Context: Capital markets regulator Sebi gave fresh guidelines to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Guidelines: The regulator has specified standard descriptors for rating watch and rating outlook. ‘Rating outlook’ indicates CRA’s view on the expected direction of the rating movement in […]
Fifty Years of Indian Banking Through the Lens of Basic Statistical Returns –‘BSR@50’ Subject: Economy Context: In order to reduce the reporting burden on banks, they will soon be required to submit only two quarterly BSR (Basic Statistical Return) reports on credit and deposits effective March 2023, according to the Reserve Bank of […]
TRIPS Subject: Science and Technology Context: WTO’s TRIPS council to meet on IP waiver extension for Covid diagnostics and therapeutics this week to reach a decision on the crucial issue by the deadline of December 17. Details: At the 12th WTO Ministerial Conference a temporary IP waiver for Covid-19 vaccines extended under specific […]
RBI e-rupi Subject: Economy Context: The Reserve Bank of India (RBI) announced that the first pilot in the Digital Rupee, or e-rupee, will commence in government securities from November 1, 2022. Details: It will make the inter-bank market more efficient–Settlement in central bank money would reduce transaction costs by preventing the need for […]
EPFO Norms Subject: Economy Context: EPFO relaxes withdrawal norms for EPS-95 subscribers. Details–various changes approved It allowed withdrawal of accumulations in Employees’ Pension Scheme 1995 for those subscribers who have only less than six months of service left. Earlier, subscribers who have less than six months of service left were allowed to withdraw […]