The pace of price rise faced by Indian consumers eased below the central bank’s upper tolerance threshold of 6% in March. The 5.66% retail inflation level recorded in March was last seen in December 2021. That was followed by a sustained spell of high inflation that escalated after the Russia-Ukraine conflict that began in February 20... .Read more
Updated on 15 April, 2023 Daily Updates Polity Agriculture Society Governance Social issues & Justice Current Affairs
Why in News-In the past week, the National Stock Exchange (NSE) issued a string of notices naming entities involved in ‘dabba trading’. What is ‘dabba trading’? Dabba (box) trading refers to informal trading that takes place outside the purview of the stock exchanges. Traders bet on stoc... .Read more
Updated on 14 April, 2023 GS3 Daily Updates Security Society Governance Economy Current Affairs
Some people are attributing elevated core inflation in consumer prices in India, as wholesale prices fall, to pricing power of the Big 5 companies. It is observed that, unlike in the West where it abated with COVID19, core inflation remains elevated in India. ‘Core’ inflation is all commodity inflation stripped of the inflatio... .Read more
Updated on 13 April, 2023 Daily Updates Polity Society Governance Social issues & Justice Current Affairs
Why in News- One of the reasons that a democracy is held to be superior to other forms of governance is the promise it holds out that every citizen will have equal say in policymaking. But in the real world, no democracy is perfect, and what has typically been observed is that the affluent enjoy a disproportionately greater say in policy... .Read more
Updated on 11 April, 2023 GS2 Daily Updates Society Governance Social issues & Justice Current Affairs
Why in News- The Finance Ministry have notified the formation of a committee to review the pension system for government employees, that was announced while moving amendments to the Finance Bill of 2023. Some States have announced a switchover for employees covered by the National Pension System (NPS) to the Old Pension Scheme that assured 50% of last d... .Read more
Updated on 7 April, 2023 GS2 Daily Updates Governance Current Affairs
Why in News- Recently, National Payments Corporation of India, which governs UPI (NPCI) clarified that there are no charges for bank account - to - bank account based UPI payments Earlier, National Payments Corporation of India (NPCI) had intimated banks that they can now levy charges on merchant transactions made through Prepaid Instrument wallet... .Read more
Updated on 6 April, 2023 GS3 Daily Updates Governance Economy Current Affairs
