Page-105 of Economy & Banking Current Affairs

WPI based inflation in March

April 18, 2022

The wholesale price index (WPI) based inflation in India in the month of March rose to 14.55 per cent due to an increase in power prices and rising edible oil prices. Overview: In March 2021, the WPI-based inflation had stood ..

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World Bank Report on Extreme Poverty in India

April 18, 2022

According to a working paper of the World Bank, extreme poverty in India has dropped from 22.5 percent in 2011 to 10.2 percent in the pre-Covid year of 2019. Also, the pace of poverty reduction in rural India has been ..

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Key Facts on Oil Bonds

April 18, 2022

The government issues oil bonds to compensate the oil marketing companies (OMCs) to offset the losses that are suffered by them with the aim of shielding consumers from rising crude oil prices. These bonds were issued by the government mainly ..

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India: New Wheat Supplier of Egypt

April 16, 2022

Egypt, the world’s largest importer of wheat from Ukraine and Russia, has given approval to India as one of its wheat suppliers. India will be supplying around one million tonnes of wheat, of which in April 2,40,000 tonnes will be ..

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PLI Scheme for Textiles- Recent update

April 15, 2022

Under the Rs 10,683-crore production-linked incentive (PLI) scheme for the garment and textile sector, the central government of India has given its approval for the financial support of 61 companies. Overview: To receive benefits under this scheme, sixty-seven companies had ..

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Exemption of Customs Duty on Cotton Import

April 15, 2022

To reduce the cotton prices, the Indian government has decided to exempt all customs duties on the imports of cotton. This exemption announced by the government will be benefiting the textile chain- fabric, yarn, made-ups, and garments as well as ..

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World Bank: India’s GDP Forecast- Update

April 15, 2022

For the fiscal year 2022-23, India’s GDP forecast has been slashed by the World Bank from 8.7 percent to 8 percent. The reason given for the change in forecast is due to rising inflation and worsening global supply caused due ..

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Retail Inflation and IIP in March

April 13, 2022

In March, the annual retail inflation of India rose to a 17-month high while there was a contraction in the factory output in February, thus complicating the policy choices of the nation’s central bank. Overview: The National Statistical Office (NSO) ..

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Asset Monetisation during FY22

April 13, 2022

In FY22 asset monetisation worth Rs 96,000 crore has been completed by the Central Government. It surpassed the Rs 88,000 crore target. The government has set a target of Rs 1.62 trillion for FY23. Overview: For the FY23 targets, the ..

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WTO Projection on Global Trade Growth

April 13, 2022

The World Trade Organization (WTO) has revised its global trade growth forecast this year from 4.7 percent to 3 percent due to the impact of the Russia-Ukraine war. The WTO has also warned about a potential food crisis that might ..

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