Page-20 of Economy & Banking Current Affairs - 2024
India’s Macroeconomic Resilience Amid Global Uncertainty
Amidst global uncertainty, India is gaining momentum in its economic performance, thanks to easing inflation and a stable rupee. The Reserve Bank of India (RBI) highlighted these positive trends in its October bulletin, signaling a robust macroeconomic foundation. Easing Inflation ..
Month: Current Affairs - October, 2023
Category: Economy & Banking Current Affairs - 2024 • India Nation & States Current Affairs
G20 Expert Panel’s Recommendations on Reforming MDBs
A G20 expert panel dedicated to strengthening Multilateral Development Banks (MDBs) has urged these institutions to pivot from financing individual projects to prioritizing sectoral programs aligned with long-term transformation plans proposed by national governments. This strategic shift aims to enhance ..
Month: Current Affairs - October, 2023
Category: Economy & Banking Current Affairs - 2024 • International / World Current Affairs
UNCTAD Increases India’s 2023 Growth Forecast to 6.6%
The United Nations Conference on Trade and Development (UNCTAD) has raised India’s economic growth forecast for 2023 to 6.6%, up from the 6% predicted earlier. However, it anticipates a slight slowdown to 6.2% growth in 2024. Global Economic Outlook UNCTAD ..
Month: Current Affairs - October, 2023
Category: Economy & Banking Current Affairs - 2024
RBI Forms Working Group for Credit Loss-Based Provisioning Transition
The Reserve Bank of India (RBI) has established a nine-member working group to propose a framework for a smoother transition to the expected credit loss-based provisioning system (ECL). The group, led by R. Narayanaswamy, a former professor of IIM Bangalore, ..
Month: Current Affairs - October, 2023
Category: Economy & Banking Current Affairs - 2024
SEBI to Implement Centralized KYC Reporting for Deceased Investors
The Securities and Exchange Board of India (Sebi) has unveiled a new framework aimed at streamlining the process of reporting and verification in the event of an investor’s demise. This initiative introduces a centralized mechanism managed by the KYC Registration ..
Month: Current Affairs - October, 2023
Category: Economy & Banking Current Affairs - 2024
RBI’s Monetary Policy: Repo Rate Unlikely to be Changed
The Reserve Bank of India’s (RBI) upcoming Monetary Policy Committee (MPC) meeting, scheduled from October 4 to 6, is expected to maintain the repo rate at 6.5 percent for the fourth consecutive time. The decision is driven by concerns about ..
Month: Current Affairs - October, 2023
Category: Economy & Banking Current Affairs - 2024