Economy

India’s current account slips into deficit in Q2 of FY22: Basics Explained

India’s current account slipped into a deficit of $9.6 billion, or 1.3 percent of the gross domestic product (GDP) in the second quarter of the ongoing fiscal, the Reserve Bank…

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RBI norms for online card transactions from January 1: Basics Explained

The Reserve Bank of India has told e-commerce companies that they will not be allowed to save card information on their websites from January 1. Aimed to improve data security …

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RBI:Repo rate unchanged

In its bi-monthly policy review, The Reserve Bank of India (RBI) kept the repo rate unchanged at 4 percent and the reverse repo rate at 3.35 per cent, maintaining an…

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Indian Bio-Jet Fuel technology receives formal military certification

CSIR-IIP Dehradun’s home-grown technology to produce bio-jet fuel has been formally approved for use on military aircraft of the Indian Air Force (IAF). The technology, developed by the Indian Institute…

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Swahim Fund: Basics Explained

The Government-Backed Swahim Fund has announced its successful exit from the CCI Rivali Park Wintergreen project in Mumbai, which was the first beneficiary of the initiative to provide last-mile funding…

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Shri Shaktikanta Das re-appointed as RBI Governor

Central Government has re-appointed Shri Shaktikanta Das as Governor, Reserve Bank of India for a further period of three years beyond the 10th day of December 2021, or until further…

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New income tax rules on Provident Fund contributions

The Central Board of Direct Taxes (CBDT) recently notified Income Tax rules in which interest income accrued in the provident fund (PF) of a person above a specified limit will…

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Govt announces new vehicle registration series for seamless transfer across states

In order to facilitate seamless transfer of vehicles, the Ministry has introduced a new registration mark for new vehicles i.e. “Bharat series (BH-series). The Transport Ministry has stated that a…

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PM-KUSUM Scheme

The Union Minister for Power and New and Renewable Energy, Shri R.K. Singh has reviewed the progress of implementation of PM-KUSUM and Rooftop Solar Programme Phase-II with States/UTs and discussed…

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Cabinet approves implementation of National Mission on Edible Oils – Oil Palm

The Union Cabinet has given its approval to launch a new Mission on Oil palm to be known as the National Mission on Edible Oils – Oil Palm (NMEO-OP) as…

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