Economy Current Affairs

Central Bank Digital Currency likely to be launched in near future: RBI Deputy Governor

Deputy RBI Governor T Rabi Shankar stated that conducting pilots of the digital currency in wholesale and retail segments may be a possibility in near future. 

IMF estimates 2021 global growth forecast at 6 per cent: IMF Managing Director

The International Monetary Fund (IMF) estimated that the global growth for 2021 will be approximately 6 per cent, but some countries are growing faster and other more slowly. Read to know why.

Centre releases Rs 75,000 crores to States, UTs as GST compensation

The Ministry of Finance released Rs 75,000 crores to the States and Union Territories (UTs) to compensate them for the shortfall in revenue due to GST implementation. Read all you need to know.

Cryptocurrency Bill – All You Need to Know

The Crypto Bill was not listed among the 23 bills to be tabled in the Lok Sabha during the Monsoon Session of the Indian Parliament. Read why Cryptocurrency Bill, 2021 was not listed for the Monsoon session of Parliament.

Mastercard banned from issuing new cards from July 22 by RBI: What will happen to existing customers?

The RBI clarified that the supervisory action will not impact the existing customers of Mastercard in the country.

7th Pay Commission: Dearness Allowance for Central government employees hiked from 17% to 28%

Dearness Allowance (DA) for the Central Government employees has been hiked to 28% with effect from July 1, 2021.

India's retail inflation remains high at 6.26 percent in June 2021

The Consumer Food Price Index (CFPI) went up slightly in June 2021 to reach 5.15 percent in comparison to 5.01 percent in May 2021. 

7th Pay Commission: 5 Recent Changes, Benefits Central Govt Employees Should Know

The Central government has announced a set of relief measures for around 52 lakh government employees and 60 lakh pensioners. Read all you need to know.

India supports free, open, rules-based Indo-Pacific at first edition of CII Summit

The Indo-pacific business summit organized by CII saw sessions on how India and other nations in the Indo-Pacific region can expand their economic partnership and can also collaborate for future economic development.

Flitch Ratings cuts India’s growth forecast to 10 per cent for FY22

Fitch Ratings cut down India’s growth forecast to 10 per cent for FY22 from the earlier 12.8 per cent forecast in March 2021. Read all you need to know.

Union Cabinet Expansion LIVE updates: Check Complete List of New Cabinet Ministers

Union Cabinet Expansion LIVE updates: Check Complete List of New Cabinet Ministers

Union Cabinet Expansion LIVE updates: Check Complete List of New Cabinet Ministers

NCDEX launches India’s first agri-sectoral indices – All you need to know

The National Commodity and Derivatives Exchange (NCDEX) launched India’s first two sectoral indices in the agri-commodities space namely GAUREX and SOYDEX. Read all you need to know.

Open Network Digital Project- What is ONDC Project and how it will benefit online retailers?

According to DPIIT, the ONDC project aims at promoting open networks that are developed on open-sourced methodology, using the open specifications and open network protocols independent of any specific platform.