India’s consumer price index (CPI) inflation eases sharply to 4.7% in April 2023, coming within the Reserve Bank of India’s upper tolerance limit of 6%. The easing in CPI comes due to a steep decline in food inflation. The consumer…
Economy
World Bank New President: Basics Explained
The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. Ajay Banga most recently served as Vice Chairman at General Atlantic. LEARNING FROM HOME/ WITHOUT…
RBI hiked the Repo Rate again. Basics Explained
The Reserve Bank of India (RBI), as inflation continuing to remain sticky, on Thursday decided to keep the policy repo rate unchanged at 6.50 per cent. The central bank has already increased repo rate by a total of 250 bps…
Transactions involving virtual digital assets under the purview of the PMLA
On March 7, the government issued a notification bringing transactions involving crypto assets under the Prevention of Money Laundering Act. The nature of transactions to be covered under PMLA are as follows: Exchange between virtual digital assets and fiat currencies;…
India’s Q3 GDP data released: Basics Explained
The Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday released economic growth data — Gross Domestic Product (GDP) and Gross Value Added (GVA) — for the third quarter (Q3 or October to December) of the current financial year (2022-23…
India unlikely to achieve Sustainable Development Goal 2030 deadline: Basics Explained
As per a study published in The Lancet journal India is not on target for over 50 per cent of the United Nations Sustainable Development Goal (SDG) indicators related to health and social determinants of health before the 2030 deadline. An…
India ranks 42nd out of 55 nations in global IP index: Basics Explained
The US Chamber of Commerce’s latest International IP Index ranked India 42nd out of 55 countries. The index evaluates the protection of Intellectual Property rights in 55 of the world’s leading economies, together representing around 90% of global GDP. The…
India’s sticky inflation: Causes and consequences: Basics Explained
READ: ExplainSpeaking | India’s sticky inflation: Causes and consequences | Explained News,The Indian Express The above article talks about India’s persistent Inflation conundrum for the past five years and its consequences on the growth of the economy. The article looked…