Category: Economy

Measures taken for road safety in India

With the surging economy, vehicle population expanded in the country during the last one decade. Though road networks also improved, mounting pressure on roads from expanded vehicle population has aggravated safety issues.¬† Credible data about road accidents are not available, still, preliminary reports indicate that Indian roads are witnessing higher incidence of accidents. As per […]

The Fifteenth Finance Commission

The Fifteenth Finance Commission has got significant importance ever since its formation. Diverse socio-economic and fiscal profiles of the states have brought attention to some of the clauses attached with the Terms of Reference (ToR) of the Commission. More importantly, the Fifteenth Finance Commission comes in the context of few historical fiscal and economic developments […]

Asset Reconstruction Companies (ARCs)

The leading problem in the country right now is alarming volume of Non-Performing Assets with the banking system. Several attempts were made to tackle NPAs. A serious such step was the creation of dedicated institutions called Asset Reconstruction Companies or ARCs that purchases bad assets or NPAs from banks at a negotiable price and helps […]

FAME India Scheme

The FAME India (Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles) Scheme was launched by the Ministry of Heavy Industries and Public Enterprises in 2015 to incentivize the production and promotion of eco-friendly vehicles including electric vehicles and hybrid vehicles. FAME India is a part of the National Electric Mobility Mission Plan.¬†Main thrust of […]

Public Credit Registry to curb bad loans

    CURRENT AFFAIRS FROM ECONOMY SECTION News in Focus The Reserve Bank of India (RBI) on June 6, 2018 announced to set up a Public Credit Registry, an information repository that has all loan information of individuals and corporate borrowers. The repository will be set up in a modular and phased manner. Moreover, RBI […]

India becomes world’s sixth largest economy

CURRENT AFFAIRS FROM ECONOMY SECTION News in Focus India has surpassed France to become the world’s 6th largest economy, as per World Bank data on the gross domestic product (GDP) of countries for 2017. The data revealed that India recorded a GDP of USD 2,597,491 million in 2017, while France recorded a GDP of USD […]

India to join multilateral lender EBRD

CURRENT AFFAIRS FROM ECONOMY SECTION News in Focus India is now the 69th shareholder of the European Bank for Reconstruction and Development (EBRD), paving the way for more joint investment with Indian companies across the bank’s regions of operation. The Indian government had applied for membership in the London-based EBRD in December 2017. The EBRD […]

Bharat-22 ETF receives bids worth Rs 15,436 crore

CURRENT AFFAIRS FROM ECONOMY SECTION News in Focus The second tranche of the Bharat-22 Exchange Traded Fund (ETF) received bids worth Rs15,436 crore, much higher than the government’s fund raising target. Bharat-22 ETF, comprising shares of 22 companies, had been targeted to achieve a fund mop up of Rs 6,000 crore with a green-shoe option […]

Credit enhancement fund

CURRENT AFFAIRS FROM ECONOMY SECTION News in Focus In order to boost infrastructure financing, the central government is planning to set up a Rs 500-crore credit enhancement fund by next month. The 2016-17 Budget had first proposed setting up of the fund. About fund: The dedicated fund will operate as a non-banking financial company (NBFC) […]

Co-op banks can become small finance banks

CURRENT AFFAIRS FROM ECONOMY SECTION News in Focus The Reserve Bank of India (RBI) on June 6, 2018 decided to allow voluntary transition of the Urban Co-Operative Banks (UCB) into Small Finance Banks (SFB), a move that is aimed at bringing UCBs into mainstream banking. The Urban Co-Operative Banks can now covert into SFBs after […]