Context In its first hike since 2018, the US Federal Reserve raised interest rates by 25 basis points and outlined an aggressive stance that also includes balance sheet reduction aimed at fighting record…

Context India’s urban unemployment rate jumped to 12.6 per cent in the April-June quarter of 2021, compared to 9.3 per cent in the January-March quarter. It, however, eased from the…

Context After Tamil Nadu Chief Minister wrote to Prime Minister, urging him to halt the construction of the Away From Reactor (AFR) facility at the Kudankulam Nuclear Power Project (KKNPP)…

Context Recently, the Reserve Bank of India launched a new Unified Payments Interface (UPI) payments solution for feature phone users dubbed UPI123Pay. What is UPI123Pay? A three-step method to initiate…

Context Recently, A dissident member of the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) has said that the central bank’s accommodative policy stance “carries with it the risk of falling behind…

Context The supervisor and regulator for pensions in India, Pension Fund Regulatory and Development Authority (PFRDA), which operates the National Pension System (NPS), is preparing to launch a guaranteed return…

Context Multiple agencies are investigating the NSE co-location scam related to the manipulation of the market at the stock exchange, in which several former top officials including former CEOs Chitra…

Context Recently, SEBI noted that the NSE was a systemically important market infrastructure institution (MII). What are market infrastructure institution (MII)? Stock exchanges, depositories and clearing houses are all Market…

Context The Government of India, the State Governments of Karnataka and Odisha, and the World Bank have signed a $115 million for the REWARD Project. About REWARD Project REWARD stands…

Context An FIR has been registered against three Mumbai Police officials recently for allegedly threatening Angadias and extorting money from them in south Mumbai. About Angadias ? The Angadia system is a…