2022-09-26T13:49:27+05:30By UPSCTREE|Categories: Daily Current Events|
News 1: Rupee slides to new low of 80.79 on Fed rate increase, stance Background: The Indian rupee on Thursday weakened sharply against the dollar to a new record low in the wake of the U.S. Federal Reserve increasing interest rates by 75 basis points and signaling more such steep [...]
2022-09-26T13:41:37+05:30By UPSCTREE|Categories: Daily Current Events|
News 1: ADB pares India FY23 GDP growth forecast to 7%, from 7.5% Background: The lender also raised its inflation projection for India for this year to 6.7% and widened the current account deficit (CAD) estimate to 3.8% of GDP. The ADB sees the CAD narrowing to 2.1% of GDP [...]
2022-09-26T13:28:54+05:30By UPSCTREE|Categories: Daily Current Events|
News 1: Issues with the FinTech Industry Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday flagged concerns related to digital lending including a spate of complaints regarding usurious interest rates, unethical recovery practices and data privacy issues and emphasized the need for the fintech industry to focus on [...]
2022-09-23T12:11:00+05:30By UPSCTREE|Categories: Daily Current Events|
News 1: FM urges World Bank arm IFC to raise lending to India Background: Finance Minister Nirmala Sitharaman has urged the World Bank’s private sector investment arm, the International Finance Corporation (IFC), to increase lending to India to more than $2 billion in the next two years and to $3-3.5 [...]
2022-09-19T17:35:32+05:30By UPSCTREE|Categories: Daily Current Events|
News 1: PM Modi unveils policy for logistics Background: Prime Minister Narendra Modi on Saturday unveiled the National Logistics Policy that seeks to address challenges facing the transport sector and bring down the logistics cost for businesses from 13-14% to a single digit. […]
2022-09-18T18:47:10+05:30By UPSCTREE|Categories: Society|
Declining Fertility and Consequence: Global population could grow to around 8.5 billion in 2030 Average global fertility has been consistently declining over the past 70 years. The average number of children per woman in the reproductive age group has declined from an average of five children per woman in 1951 to 2.4 children in 2020 (World Population Prospects [...]
2022-09-18T18:11:52+05:30By UPSCTREE|Categories: Daily Current Events|
UPSC/STATE PSC The Hindu & Indian Express News 1: Use of Web3 and AI in banking to detect fraud Background: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Friday asked banks to be more digital savvy and give immediate priority to [...]
2022-09-16T21:03:14+05:30By UPSCTREE|Categories: Daily Current Events|
UPSC/STATE PSC The Hindu & Indian Express News 1: Financial Stability Development Council Background: Finance Minister Nirmala Sitharaman stressed the need for the government and regulators to monitor financial sector risks and market developments on a continuous basis and take timely actions to [...]
2022-09-16T08:29:25+05:30By UPSCTREE|Categories: Daily Current Events|
UPSC/STATE PSC The Hindu & Indian Express News 1: Wholesale inflation slowed to an 11-month low at 12.4% in August Background: Inflation based on the Wholesale Price Index (WPI) eased in August to the slowest pace since last September at 12.4%, from 13.9% [...]
2022-09-16T08:03:49+05:30By UPSCTREE|Categories: Policy, Society|
Life expectancy in India has more than doubled since Independence — from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed from about six [...]
