What is a Rating Agency? A rating agency is a company that assesses the financial strength of companies and government entities, especially their ability to meet principal and interest payments on their debts. The rating shows an agency’s level of …
What’s in the news? The manifestos for the ongoing Assembly elections have promised various forms of payment to homemakers, thus putting the spotlight on the unpaid domestic work done by women. From a monthly assistance to women family heads in …
About ICI The monthly Index of Eight Core Industries (ICI) is a production volume index. The objective of the ICI is to provide an advance indication on production performance of industries of ‘core’ nature. These industries are likely to impact …
What’s in the news? The Ministry of Commerce and Industry has announced that in terms of quantity, the exports of organic food products grew by 39 per cent to eight lakh 88 thousand metric tonne during the last financial year …
Why in the News? The government, which plans a law to ban private digital currencies, favours a digital currency backed by the Reserve Bank of India. Uncertainty over the legal status of cryptocurrencies is unnerving Indian investors who, according to …
About WMA The Reserve Bank of India (RBI) gives temporary loans to the centre and state governments as a banker to the government. This facility is called Ways and Means Advances (WMA). This facility was introduced in 1997. Thus, WMA …
CONTEXT India will soon join 15 other countries in the hydrogen club as it prepares to launch the National Hydrogen Energy Mission (NHEM). The global target is to produce 1.45 million tonnes of green hydrogen by 2023. HYDROGEN Hydrogen does …
What is an ARC? An Asset Reconstruction Company is a specialized financial institution that buys the non-performing assets (NPA) or bad assets from banks and financial institutions so that the latter can clean up their balance sheets. Or in other …
What’s in the news? The U.S. Treasury’s ‘Monitoring List’ has placed India among the 11 countries with regard to their currency practices. The April 2021 edition of the semi-annual report is the first from the Biden administration. India was on …
What’s in the news? The Reserve Bank of India has announced the setting up of a regulatory review authority, RRA 2.0, to review its regulations internally and in consultation with other stakeholders. Deputy governor M Rajeshwar Rao has been appointed …