Tag: Indian Economy & Related Issues

In News Recently, the Ministry of Home Affairs (MHA),has provided the information that In the year  2022, 3,73,434 Indians emigrated to 18 countries. About India has become a major exporter of Skilled and semiskilled workers to developed nations particularly to the Gulf Cooperation Council (GCC) countries, Europe, and other English-speaking countries. Reasons for Emigration:  Better […]

In news Silicon Valley Bank has recently been shut down by its regulators. More about the news SVB’s collapse: SVB, which was founded in 1983, dealt with high-growth, high-risk businesses such as technology startups.  Silicon Valley Bank provided banking services to nearly half of venture capital-backed technology and life-science companies, according to its website, and […]

In News Bhutan is about to become the seventh nation to graduate from the United Nations’ (UN) list of Least Developed Countries (LDCs). What are LDCs?  LDCs are low-income countries confronting severe structural impediments to sustainable development. They are highly vulnerable to economic and environmental shocks and have low levels of human assets. The concept […]

In News The Finance Ministry has amended money laundering rules to incorporate more disclosures for non-governmental organisations by reporting entities like financial institutions, banking companies or intermediaries. It has also defined “politically exposed persons” (PEPs) under the Prevention of Money Laundering Act (PMLA) in line with the recommendations of the Financial Action Task Force (FATF). […]

In News The Ministry of Textiles has invited proposals for empanelment from the textile industry and industry associations to broad base the panel of implementing partners for Samarth. About the Scheme Samarth is a demand driven and placement-oriented umbrella skilling programme of the Ministry of Textiles. Aim:  To incentivize and supplement the efforts of the […]

In News Recently, the National Stock Exchange of India received final approval from the markets regulator Securities and Exchange Board of India (SEBI) to set up a Social Stock Exchange (SSE).  Background   Finance Minister Nirmala Sitharaman, presenting the Union Budget back in 2019, had proposed to initiate steps for creating a stock exchange under the […]

Context India has called upon G20 countries to adopt multilateral action for faster extradition of fugitive economic offenders and recovery of assets. More about the news Anti-corruption working group meeting:  First anti-corruption working group meeting of G20 Nations was held in Gurugram, Delhi. Wherein India has called upon G20 countries to adopt multilateral action for […]