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Bitcoin Soars Past $110K Amid US Crypto Bill Why in the News? Bitcoin reached an all-time high of $110,000 after the US Senate advanced the GENIUS Act, a bipartisan crypto regulation bill. The legislation focuses on stablecoin regulation, boosting investor confidence and signaling a pro-crypto shift in US policy. Impact on Bitcoin and Market Confidence: …
Read MoreRBI Approves Record ₹2.68 Lakh Cr Dividend Transfer Why in the News? The RBI Board approved a record surplus transfer of ₹2.68 lakh crore to the Central Government for FY 2024-25. This decision, under the revised Economic Capital Framework, will support fiscal consolidation amid domestic and global economic uncertainties. The move comes as part of …
Read MoreSupreme Court Strikes Down Retrospective Environmental Clearances Why in the News? The Supreme Court recently invalidated the Centre’s 2017 notification and 2021 SOP allowing post-facto environmental clearances for projects that began without prior approval, citing violation of constitutional rights and environmental laws. Background on Centre’s Notification and SOP In 2017, MoEFCC allowed a one-time, six-month …
Read MoreCore Inflation Trends Shape RBI’s Rate Cut Decisions Why in the News? Core inflation, excluding volatile food and fuel prices, is rising while food inflation falls. This reversal influences the Reserve Bank of India’s approach to monetary policy and potential interest rate cuts. Inflation Trends and RBI’s Focus: Inflation was mainly driven by food prices …
Read MoreImproved Repo Rate Transmission Enhances Monetary Effectiveness Syllabus: GS-3: Banking Sector & NBFCs , Statutory Bodies , Monetary Policy , Growth & Development Focus: The Reserve Bank of India (RBI) has improved its monetary policy transmission significantly over the past few years, especially in the context of repo rate adjustments. A combination of regulatory shifts, …
Read MoreWhy in the News? RBI superseded the board of New India Co-operative Bank due to governance issues and financial irregularities. Revised norms expand small-value loan definition, increase real estate exposure limits, and update provisioning for security receipts (SRs). New regulations aim to enhance operational flexibility while maintaining regulatory oversight. RBI Revises Co-operative Bank Norms: RBI …
Read MoreWhy in the News? The RBI’s latest report on the Quality of Public Expenditure (QPE) Index highlights improved fiscal management in India. It assesses capital and revenue spending trends since 1991, showing better public expenditure quality, especially with a focus on capital investment post-COVID-19. Context & Background: The Reserve Bank of India (RBI) has developed …
Read MoreWhy in the news? The government is considering raising the deposit insurance limit beyond ₹5 lakh to enhance depositor protection. This follows RBI’s restrictions on New India Co-operative Bank due to governance concerns, highlighting the need for stronger financial security measures. Government’s Plan for Deposit Insurance: The Indian government is considering raising deposit insurance beyond …
Read MoreWhy in the news? The Reserve Bank of India cut the repo rate by 0.25% to 6.25%, the first reduction since May 2020, aiming to stimulate growth, ease borrowing costs, and manage inflation projected to decline to 4.2% in 2025-26. Policy Decision and Implications: The Reserve Bank of India (RBI) cut the repo rate by …
Read MoreWhy in the news? UPI’s dominance in India’s digital payment ecosystem has grown substantially, contributing to a ten-fold increase in payment volumes and values since 2018. It now accounts for 83% of digital payment transactions, transforming India’s financial landscape. Growth in Digital Payments (2013–2024): Digital payments in India increased over 3.5 times in value from …
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