Headline Inflation vs Core Inflation Subject – Economy Context – ‘Tax cut on fuels positive for inflation management’ Concept – Headline Inflation Headline Inflation is the measure of total inflation within an economy. It includes price rise in food, fuel and all other commodities. The inflation rate expressed in Wholesale Price Index (WPI) […]

    Govt of India and the Crypto currencies Subject – Economy Context – Reserve Bank of India (RBI) Shaktikanta Das sounded alarm on cryptocurrencies, cautioning investors on the potential pitfalls of the digital currency. Concept – Is cryptocurrency trading regulated by the Govt of India now? – No. The exchange platforms enabling trading of […]

    RBI Retail Direct Scheme Subject – Economy Context – PM to launch RBI’s retail direct, integrated ombudsman schemes Concept – Prime Minister Narendra Modi will launch two innovative, customer-centric initiatives of the Reserve Bank of India (RBI), the retail direct scheme and the integrated ombudsman scheme, via video-conferencing. The RBI Retail Direct Scheme […]

    No-Frill Accounts Scheme Subject – Economy Context – ‘India now ahead of China in financial inclusion metrics’ Concept – India is now ahead of China in financial inclusion metrics, with mobile and Internet banking transactions rising to 13,615 per 1,000 adults in 2020 from 183 in 2015 and the number of bank branches inching up to 14.7 per 1 lakh […]

    FPIs Investment in Debt Securities Subject – Economy Context – FPIs can buy debt securities issued by InvITs, REITs: RBI Concept – The Reserve Bank of India said foreign portfolio investors can acquire debt securities issued by Infrastructure Investment Trusts and Real Estate Investment Trusts. Such investments shall be reckoned within the limits […]

    T+1 settlement cycle Subject – Economy Context – In global first, bourses to move to T+1 settlement from Feb 25 Concept – Come February 25, India’s stock market will become the fastest in the world in terms of payout of money to clients and trade settlement. Despite a pushback from foreign portfolio investors […]

    Govt mulling levy of I-T GST on cryptos Subject – Economy Context – Govt mulling levy of I-T, GST on cryptos; Bill in Winter Session Concept – Cryptos are likely to attract both income tax and GST. If there is gain or income from crypto, it should be taxed per capital gains rules. […]