Current Affairs

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SC: GST Council Recommendations not binding on Centre, States

The Supreme Court recently ruled that recommendations of the Goods and Services Tax (GST) Council are not binding on the Centre and states. What are the highlights of...

May 22, 2022

World Bank USD 30 Billion Fund for Food Crisis

Actions that will be taken by the World Bank to mitigate the ongoing food security have been announced. The World Bank will be investing up to USD 30...

May 21, 2022

Third Advance Estimates for Production of Major Crops 2021-22

The Union Ministry of Agriculture and Farmers Welfare has released the third advance estimate of the production of major agricultural crops for 2021-22. What do the advance estimates...

May 21, 2022

World Economic Situation and Prospects (WESP)- Update

According to the World Economic Situation and Prospects (WESP) report that was released by the United Nations on 18th May 2022, the global economy this year is expected...

May 20, 2022

IMF: Review of Special Drawing Rights (SDR)

The International Monetary Fund (IMF) increased the weighting of the US dollar and Chinese yuan (Renminbi) in the Special Drawing Rights (SDR) basket of currencies. The updated weightings...

May 20, 2022

April Wholesale Price Index (WPI)

The Wholesale Price Index (WPI) based inflation rate surged to 15.1 percent in the month of April due to the rise in prices of fruits, vegetables, manufacturing, milk,...

May 19, 2022

SEBI Directions on Collective Investment Scheme

Securities and Exchange Board of India (SEBI) amended collective investment schemes (CIS) rules. What are the new regulations? SEBI enhanced the net worth criteria and track record requirements...

May 17, 2022

Ban of Wheat Exports

On 14th May 2022, India banned wheat exports with some exceptions. This announcement came days after the central government had announced that this year record shipments of wheat...

May 16, 2022

MoU between Ministry of Agriculture and UNDP

The Ministry of Agriculture & Farmers Welfare (MoA&FW) and the United Nations Development Programme (UNDP) signed a Memorandum of Understanding (MoU). As per the MoU, UNDP will provide...

May 16, 2022

Retail inflation in India in April

According to the data released by the National Statistical Office (NSO), retail inflation in April is 7.79%. Rural inflation surged to a near 8-year high of 8.38%, whereas...

May 15, 2022

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