War and Disruption Should Be Avoided, Global Priority to Restore Normalcy: FM Sitharaman Sub : Eco Sec: External sector Union Finance Minister Nirmala Sitharaman emphasized the global need to prioritize peace and normalcy to counter economic disruptions, supply chain breakdowns, and inflation. Speaking at the Global Economic Policy Forum 2024 organized by CII, […]
Cesses and Surcharges: A Complex Issue Raised by Arvind Panagariya Subject: Economy Section: Monetary Policy Key Points Discussed by Arvind Panagariya, Chairman of the 16th Finance Commission Cesses and Surcharges – A Contentious Issue The growing reliance of the Centre on cesses and surcharges has raised concerns among States. States’ Grievances: These levies […]
How is the RBI Governor appointed? Sub: Eco Sec: Monetary Policy Context: Sanjay Malhotra, a 1990 Batch Rajasthan Cadre IAS Officer, has been appointed as the 26th Governor of the RBI. He will assume office for a period of three years. He will be the 26th Governor of RBI and will replace the […]
Why a Free Fall in the Rupee Seems Unlikely Sub: Eco Sec: External sector India’s economic resilience provides key reasons why the rupee is unlikely to experience a free fall despite recent challenges like capital outflows and a dip in foreign exchange reserves. Robust Balance of Payments (BoP): Current Account Deficit (CAD): India’s […]
No Plans for De-Dollarization: RBI Governor Das Clarifies India’s Trade Strategy Subject: Economy Section: External Sector Clarification on De-Dollarisation RBI Governor Shaktikanta Das confirmed that India has no plans for de-dollarisation, addressing concerns sparked by U.S. President-elect Donald Trump’s threat to impose 100% tariffs on BRICS nations considering a common currency. De-dollarisation is […]
RBI’s Mule Hunter Sub: Eco Sec: Monetary Policy Why in News The Reserve Bank of India (RBI) has launched Mule Hunter, an Artificial Intelligence (AI) and Machine Learning (ML)-powered system aimed at tackling digital frauds involving mule bank accounts. Mule Hunter: To identify and mitigate fraudulent activities associated with mule accounts. Leverages AI […]
Balancing Growth and Inflation in India’s Economy Sub : ECO Sec : Monetary Policy Key insights from RBI Governor Shaktikanta Das on inflation, growth, and liquidity management. Inflation-Growth Dynamics: Current State: The balance between inflation and growth is currently unsettled, primarily due to higher-than-expected inflation in September and October, driven by food prices. […]