Demonetisation Current Affairs, GK & News
Fifth anniversary of Demonetisation- Economic impacts
India is observing the fifth anniversary of demonetisation on November 8, 2021. Demonetisation was announced by Prime Minister Narendra Modi in 2016. Background With this move, Rs 500 and Rs 1,000 currency notes were withdrawn as a legal tender across the country. This move was aimed at eliminating black money. What is Demonetisation? Demonetisation is ..
Month: Current Affairs - November, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Demonetisation • Five years of Demonetisation • Indian banknote demonetisation • UPSC
RBI launches MANI application for visually challenged
On January 01, 2020, the Reserve Bank of India launched the MANI application for visually challenged persons to identify new currency notes that were launched after demonetization. MANI is Mobile Aided Note Identifier. Highlights MANI application scans currency notes using camera and gives audio output in Hindi and English. The Government of India launched several ..
Month: Current Affairs - January, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Currency • Currency Notes • Demonetisation • intaglio • MANI App • New Currency Notes • RBI • Reserve Bank of India (RBI)
Automobiles Sales in India fall for the 9th straight month
As per the data released by the Society of Indian Automobile Manufacturers (SIAM), the sales of domestic passenger vehicles has fallen down by 30.9% in the month of July. This is the 9th straight decline in monthly sales. The domestic production of all passenger vehicles has also fallen by nearly 17% in the same month. ..
Topics: Automobile Industry • Cars • Demonetisation • GST • Indian Economy • Vehicles
Benchmarking India s Payment Systems
The Reserve Bank of India (RBI) report “Benchmarking India s Payment Systems” provides a comparison of the payment ecosystem in India with the payment systems and usage trends in other major countries. Findings of the Report Even though there was robust growth in the volume of retail electronic transactions amid a strong regulatory framework, India ..
Topics: Bharat Bill Payment System • BRICS • Demonetisation • Payment systems • Point of Sale Terminals • RBI • Reserve Bank of India • Unified Payments Interface • UPI
Data on Unemployment
The data from the labour force survey from the National Statistical Organisation (NSO) makes the following observations about the unemployment trends in the country: The unemployment rate was 6.1 per cent of the total labour force during 2017-18 which was the highest in 45 years. The figures are significant for the fact that the year ..
Topics: Demonetisation • GDP • Labour force survey • National Statistical Organisation • NSO • Rural Unemployment • Unemployment • Urban Unemployment
Mind the Gap – State of Employment in India
Oxfam India’s latest report Mind the Gap – State of Employment in India makes the following observations: Lack of quality jobs and increasing wage disparity are key markers of inequality in the Indian labour market. The report states that the regressive social norms continue to hamper women’s participation in the workforce, pointing at the decline in ..
Month: Current Affairs - April, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Demonetisation • Education • Employment • Health • Indian labour market • Job generation • labour intensive sector • Oxfam • Oxfam India • Wage Disparity • women' participation in the workforce