RBI penalized credit info companies Subject : Economy Section: Monetary Policy Concept : The Reserve Bank of India (RBI) recently imposed monetary penalties on four credit bureaus for non-compliance under the Credit Information Companies (Regulation) Act, 2005, and Credit Information Companies Rules, 2006. Penalties are slapped for their failure to update credit information […]
Centre’s fiscal deficit at 11.8% of target at May end: CGA Subject : Economy Section: Fiscal Policy Concept : The central government’s fiscal deficit stood at Rs 2.1 lakh crore or 11.8 per cent of the full-year budget estimates at May-end 2023, according to official data. The fiscal deficit was 12.3 per cent […]
India’s FY23 external debt rises to $624.7 billion: RBI Subject : Economy Section: External Sector Concept : The Reserve Bank on Friday said that India’s external debt rose marginally by $5.6 billion to $624.7 billion annually at the end of March 2023, although the debt-GDP ratio declined. In the same period last year, […]
Russian oil: payment issues Subject :Economy Section: External sector Details: Russian oil trade is under sanction of the G-7 countries because of the Ukraine conflict, as per which a price cap of $60 per barrel was decided for Russian crude. The measure was taken in an effort intended to reduce Russia’s ability to […]
Family offices ramp up investments in early-stage rounds amidst funding winter Subject :Economy Section: National Income Context: Experts pointed out that besides seed, angel and pre-series A funding rounds, there is now also growing interest among family offices to back Series A to Series C rounds in recent times What is a family office? […]
RBI’s Financial Stability Report (FSR) Subject :Economy Section: Monetary Policy Key points: RBI’s Financial Stability Report (FSR), in its assesment found the banking system and the economy resilient, despite challenging global macroeconomic outlook. The report examines the key indicators of banking health and uses stress test models to project the change in the various […]
Understanding Greed-flation Subject : Economy Section: Inflation and unemployment Mechanics of inflation: Inflation is the increase in the overall level of prices. In an ideal situation, for an economy to grow, low inflation is desirable. This can be understood through a virtuous cycle of inflation, investment and monetary expansion. Inflation is a signal […]
Seven products from U.P. get GI tag Subject: Economy Section: msc Concept : The Geographical Indications Registry in Chennai has given tags to seven different products from Uttar Pradesh. The GI tag-given products are: Amroha Dholak: Musical instrument made of natural wood (mango, jackfruit, and teakwood). Mahoba Gaura Patthar Hastashlip: Craft made of […]
Finfluencers Subject : Economy Section: Capital market Concept : Recently, a front page advertisement in a business daily featuring a financial influencer (or finfluencer) and a logo of the IT Ministry next to that has drawn sharp criticism from people on the Internet. About finfluencers Finfluencers are people with public social media platforms […]