Page-44 of Economy & Banking Current Affairs - 2022

India’s Pharma Exports in 2021-22

India’s pharma sector recorded its best-ever export performance in 2021-22. What is the growth of India’s Pharma sector? India’s pharma sector witnessed a growth of 103% since 2013-14, from Rs. 90, 415 crores in 2013-14 to Rs. 1,83,422 crore in 2021-22. India’s pharma exports in 2021-22 sustained positive growth despite the global trade disruptions. The ..

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RBI Report on Currency and Finance

Recently, the Reserve Bank of India (RBI) released the Report on Currency and Finance (RCF) for the year 2021-22. What is the theme of the report? The theme of the report is “Revive and Reconstruct” in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium term. What is the ..

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States vs Centre on fuel taxes

The Centre and the states are at loggerheads over taxes and duties on petrol and diesel. What is the argument of the Centre? Centre feels that some states are not reducing Value added tax (VAT) on petrol and diesel in line with the Centre’s cut in excise duty. Recently, Prime Minister Narendra Modi said Maharashtra, ..

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State of employment in India

According to the latest data from the Centre for Monitoring Indian Economy (CMIE), India’s labor force participation rate (LFPR) has fallen to 40% from 47% in 2016. What is the labor force? According to the Centre for Monitoring Indian Economy (CMIE), the labor force consists of persons who are of age 15 years or older, ..

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India’s forex reserves

India’s foreign exchange (forex) reserves declined for the seventh consecutive week. What are forex reserves? Forex or foreign exchange reserves are assets held by the central bank in foreign currencies as a reserve. How much forex reserves does India currently have? According to the latest data from the Reserve Bank of India (RBI), India’s forex ..

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Financial support to IPPB

The Union Cabinet has given its approval for the financial support of Rs 820 crore for the India Post Payments Bank. This monetary support will help the state-run payments bank penetrate deeper into the nation, especially in the country’s rural areas, and will work towards boosting financial inclusion. Overview: IPPB has more than five crore ..

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