PM Modi hold talks with the Egyptian President

The Egyptian President Sisi has arrived in India. He is the Chief Guest of the 2023 Republic Day celebrations. The President met PM Modi and the leaders discussed bilateral trade and the global interests of the countries. President Sisi will ..

Month: Current Affairs - January, 2023

Category: International / World Current Affairs

Asian Development Outlook (ADO) 2022

India’s GDP growth has been forecasted by the Asian Development Bank (ADB) to 7.5 per cent in 2022-23 from 2021-22’s estimated 8.9 per cent. The report has also suggested that the growth will pick up and reach 8 per cent ..

Month: Current Affairs - April, 2022

Category: Economy & Banking Current Affairs

Kazakhstan Protests and Emergency

The citizens of Kazakhstan are protesting against the sudden fuel price hike. The ruling government resigned due to the rising tensions. Emergency has been declared in the Central Asian country Why protests in Kazakhstan? The protests began when the ruling ..

Month: Current Affairs - January, 2022

Category: International / World Current Affairs

Wholesale Price Index, WPI of April 2021

The Department for Promotion of Industry and Internal Trade recently released Wholesale Price in India for the month of April 2021. The WPI for the month of April 2021 stood at 128.1. The base year in calculating WPI is fixed ..

Month: Current Affairs - May, 2021

Russia’s central bank increases interest rates

The Central Bank of Russia has increased the interest rate from 4.5% to 5%. Why did the Bank increase the interest rates? This is the second time the apex bank is increasing the interest rates due to elevated inflation pressure. ..

Month: Current Affairs - April, 2021

India’s Petroleum consumption contracts 9.1% in FY21

The Petroleum Planning and Analysis Cell operating under Ministry of Petroleum recently released a report on petroleum consumption of India. According to the report, fuel consumption of the country reduced by 9.1% in the year 2020-21 as compared to that ..

Month: Current Affairs - April, 2021

Monthly Economic Review: March 2021

The Ministry of Finance recently released the Monthly Economic Review for March 2021. According to the report, the Indian Economy is recovering from COVID-19 crisis. The report has highlighted several indicators that prove economic recovery in the country. Key Findings ..

Month: Current Affairs - April, 2021

Negative Oil Prices

The near term contracts from USA’s crude oil traded negative for the first time. A barrel was priced at minus 38 USD. Negative Prices A commodity can be priced negatively when the demand for it drops to such an extent ..