Page-109 of Economy & Banking Current Affairs

Retail Inflation in February 2022

March 17, 2022

According to the data released by the Ministry of Statistics & Programme Implementation (MoSPI), India’s retail inflation surged to 6.07% in February. About the surge in inflation Retail inflation is measured by the Consumer Price Index (CPI). February’s retail inflation ..

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Credit Guarantee Scheme for Subordinate Debt (CGSSD)

March 16, 2022

On 14th March Ministry of Micro, Small and Medium Enterprises (MSMEs) announced the extension of the Credit Guarantee Scheme for Subordinate Debt (CGSSD) by another year. About extension of the scheme Launched in June 2020, the Credit Guarantee Scheme for ..

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RBI Framework for Micro-finance Lenders

March 16, 2022

On 14th March Reserve Bank of India (RBI) announced Regulatory Framework on microfinance loans. Removal of margin caps The Reserve Bank of India (RBI) has done away with the margin caps on the pricing of small loans given by non-banking ..

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EPFO Interest Rate -Update

March 14, 2022

Employees’ Provident Fund Organization (EPFO) has decided to reduce the interest on provident fund (PF) deposits from 8.5% in 2020-21 to 8.1% in 2021-22. About the reduction in interest rate The interest rate of 8.1% will be the lowest interest ..

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India’s M-Cap in Top 5

March 12, 2022

For the first time, India’s equity market reached the world’s fifth position in terms of market capitalization. India’s rank At present India is ranked 5th, after the U.S., China, Japan, and Hong Kong. At the start of 2022, India was ..

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National Financial Reporting Authority – Update (March, 2022)

March 12, 2022

The Appointments Committee of the Cabinet (ACC) has approved the appointment of former finance secretary Ajay Bhushan Pandey as the chairperson of the National Financial Reporting Authority (NFRA). About NFRA National Financial Reporting Authority (NFRA) is a statutory body, established ..

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Grants to Rural Local Bodies

March 12, 2022

According to data released by the Ministry of Finance, the Union government released ₹2,221 crores to the states of Bihar, Karnataka, and West Bengal to provide grants to rural local bodies. Recommendation of 15th Finance Commission In its report, the ..

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India-Canada CEPA Negotiations

March 12, 2022

India and Canada agreed to re-launch Comprehensive Economic Partnership Agreement (CEPA) Negotiations. India- Canada ministerial dialogue The decision regarding the re-launch of CEPA negotiations was announced following the fifth India- Canada ministerial dialogue on trade and investment, held on 11th ..

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MSME Innovative Scheme

March 11, 2022

On 10th March 2022, Narayan Rane, Minister of Micro, Small, and Medium Enterprises (MSMEs) launched the MSME Innovative Scheme. About the scheme MSME Innovative Scheme aims to guide the MSMEs in developing business ideas into viable business propositions. Thus the ..

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World Bank’s USD 125 million Loan to West Bengal

March 11, 2022

An IBRD (International Bank for Reconstruction and Development) loan of USD $125 million has been offered to West Bengal by the World Bank to help poor and vulnerable groups through social protection services in the state. Overview: Over 400 programs ..

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