Bank Deposit Growth Outpaces Credit Offtake for the First Time in 30 Months Sub: Eco Sec: Monetary Policy Year-on-Year Performance: Deposits grew by 11.8% in the fortnight ending October 18, 2024, compared to 13.4% last year. Credit growth stood at 11.7%, a slowdown from the 19.7% growth seen in the same period last […]
RBI Intervenes to Stabilize Rupee Amid Depreciation Against US Dollar Sub : Eco Sec: External sector RBI’s Intervention: The Reserve Bank of India (RBI) stepped in to prevent further depreciation of the Indian rupee, which recently closed at a record low of 84.11 against the US dollar on November 4, 2024. This intervention […]
Villagers in A.P. boycott meeting over uranium exploration Sub : Geo Sec: Eco Geo Context: Farmers and villagers from Kappatralla and nearby areas in Devanakonda mandal boycotted a government meeting intended to discuss uranium exploration in the local forest area. They demanded the government halt the proposed uranium exploration in the Kappatralla reserve […]
Why is the Reserve bank bringing back its gold assets to India? Sub: Eco Sec: External Sector RBI’s Gold Repatriation: The Reserve Bank of India (RBI) has repatriated nearly 130 metric tonnes of gold held at the Bank of England over the last two and a half years. Gold brought back from overseas […]
On the growth track: What Australian varsity study says about impact of India’s Dedicated Freight Corridors sub :Eco sec : Infrastructure Context: A recent study by Australia’s University of New South Wales highlights the positive impact of Dedicated Freight Corridors (DFCs) on India’s economy and the Indian Railways’ revenue. Study and findings: The […]