Global Oil Boils Subject – Economy Context – As the global recovery gains strength, the price of crude is nearing its highest level since2018. Concept – As the global recovery gains strength, the price of crude oil is nearing its highest level since 2018. The surge in prices has led to record high […]

    RBI’s Monetary Policy Committee member Varma diverged from policy stance Subject – Economy Context – RBI’s Monetary Policy Committee member Varma diverged from policy stance, called for tightening Concept – While the Reserve Bank’s Monetary Policy Committee (MPC) retained the accommodative stance and kept the main policy rates unchanged in the review earlier […]

    Indian Telegraph Right of Way (Amendment) Rules 2021 Subject – Economy Context – Amended telegraph right of way rules notified Concept – The government notified Indian Telegraph Right of Way (Amendment) Rules, 2021 to incorporate the provisions related to nominal one-time compensation and uniform procedure for establishment of overground telegraph line in the […]

    RBI caps IPO funding by NBFCs at ₹1 cr per borrower Subject – Economy Context – RBI caps IPO funding by NBFCs at ₹1 cr per borrower Concept – The Reserve Bank of India announced a scale-based regulation of non-banking finance companies, which include a ceiling on IPO funding per borrower as well […]

    Non-Fungible Token (NFT) Subject – Economy Context – NFTs gain traction with celebrities on board Concept – Led by celebrities that include Bollywood actors, designers and cricketers, nonfungible tokens, or NFTs, are slowly gaining traction in India. Experts say the NFT market is still small and very niche in nature, but investor interest […]