US Fed Monetary Policy and Recession Subject: Economy Context: Why is the US central bank forcing its economy into recession? Details: The US has been facing historically high inflation rates even though its unemployment rate is at historic lows. What complicates the matter is that the actions of the US central bank — […]

    RBI liquidity withdraw Subject: Economy Context: The Reserve Bank of India (RBI) withdrew $66.73 billion from overseas during the six-month period ended September 2022 according to the RBI’s half-yearly report on ‘Management of foreign exchange reserves’. Details of the Report: As of September 2022, out of the total foreign currency assets of $472.81 […]

    India Infrastructure Project Development Fund Scheme Subject: Economy Context: The Finance Ministry has come out with a scheme to extend financial support for project development expenses of Public Private Partnership (PPP) projects in the infrastructure sector. India Infrastructure Project Development Fund Scheme It is a scheme for Financial Support for Project Development Expenses […]

    India’s central counterparties Subject: Economy Context: The EU’s financial markets regulator and supervisor–the European Securities and Markets Authority (ESMA), said six of India’s central counterparties (CCPs) would be de-recognised in accordance with the European Market Infrastructure Regulation. Details: The six institutions on ESMA’s list are The Clearing Corporation of India (CCIL), Indian Clearing […]