Recovery in India’s forex reserves Subject :Economy Section: External Sector In News: India’s forex reserves breach $600 billion-mark, hover around 15-month high. Key Points: India’s forex reserves are seeing a significant jump owing to various factors, definitively reversing the downtrend that started in March 2022, when dollar appreciated after the US Fed hiked […]

    State Debt profile: Tamil Nadu tops with highest outstanding debt Subject :Economy Section: Fiscal Policy Key Points: Tamil Nadu has the highest amount of outstanding debt among all States and Union Territories. The State’s outstanding debt stood, as per budget estimates for 2022-23, at ₹7.54-lakh crore followed by Uttar Pradesh at ₹7.10-lakh crore, […]

    SEBI chief says instant settlement of trades in the works Subject : Economy Section: Capital market Concept : The securities market regulator has said it is working on real-time settlement of transactions in India’s stock exchanges. The announcement by Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), came […]

    Full reserve banking: where banks act solely as custodians of customers’ money Subject : Economy Section: Monetary Policy Concept : Owing to the failures of three United States banks and one major European investment bank in March this year, it is important to understand the working type of the banks. (Full-Reserve Banking and […]

    WEF’s ‘Saagu Baagu’ pilot benefits Telangana farmers Subject :Economy Section: Msc In News: Telangana’s “Saagu Baagu” (agricultural advancement) pilot project with the guidance of the World Economic Forum (WEF) has impacted the lives of over 7,000 chilli farmers in the State and the second phase of the project is set to take off. […]

    SpiceJet comes out of DGCA’s enhanced surveillance regime Subject :Economy Section: Infrastructure Context:: Directorate General of Civil Aviation (DGCA) has removed SpiceJet from its enhanced surveillance regime, signaling a resolution to the airline’s recent challenges. Key Points:  The low-cost carrier had been facing several challenges that prompted the regulator to closely monitor its […]

    G20 commemorative coins Subject :Economy Section: Monetary Policy Context: The government will issue two commemorative coins to mark G20 presidency. India holds the presidency of the G20 from December 1, 2022 to November 30, 2023. Are commemorative coins legal tender? Though commemorative coins are considered legal tender, they are not released for general circulation. One can […]