Moody’s downgrades India’s economic outlook to ‘negative’

Global rating agency Moody’s changed the outlook on India’s economy to ‘Negative’ from ‘Stable.’ However, it has affirmed the sovereign rating of ‘Baa2.’ The change in outlook means that an upgrade in ratings in near future is unlikely. ‘Baa2’ is a notch above last investment grade. Outlook and rating are key considerations for foreign investors to make investment in any country. India’s GDP growth rate slowed down to 5 perRead More

Foreign investors pull out Rs 5,920 crore from India in August 2019

Foreign investors pulled out a net amount of Rs 5,920 crore from the Indian capital markets in August 2019. This has happened even as the government announced for the revocation of enhanced super-rich tax on foreign and domestic equity investors imposed in this year’s Budget. As per the latest depositories data, foreign portfolio investors (FPIs) withdrew a net amount of Rs 17,592.28 crore from equities and pumped in a netRead More


GST collection falls to its lowest in August 2019

Goods and Services Tax (GST) revenues have fallen to a six-month low of ₹98,202 crore in August 2019. But the Average collections of GST in this financial year are still above ₹1.02 lakh crore. The total gross GST revenue collected in the month of August 2019 is ₹98,202 crore out of which CGST is ₹17,733crore, SGST is ₹24,239crore, IGST is ₹48,958 crore and cess is ₹7,273 crore. Also, the totalRead More


RBI decides to transfer 1.76 lakh crore to the Union Government

The RBI board on 26th August 2019, in its meeting, accepted the recommendation of a high-level panel headed by its former Governor Bimal Jalan. The board has decided to transfer a whopping  ₹1.76 lakh crore to the Central Government. This will include the interim dividend of ₹28,000 crore paid in February. The move is likely to address the uncertain fiscal situation of the government to a great extent. The ₹1.76Read More

Banking Fraud

CVC sets up a committee to examine bank fraud above Rs 50 cr

The Central Vigilance Commission (CVC) has formed an Advisory Board for Banking Frauds (ABBF). Composition of the Advisory Board for Banking Frauds: The ABBF will be headed by former Vigilance Commissioner T M Bhasin. The purpose of this board will be to examine bank fraud over ₹ 50 crore and recommend action. Other members of the panel are Madhusudan Prasad – former Urban Development Secretary, D K Pathak – former Director-General ofRead More

One Nation One Card


The Central Government has launched the inter-state portability of ration cards between Telangana-Andhra Pradesh and Maharashtra-Gujarat as a pilot project to implement “One Nation, One Ration Card” across India by June 1, 2020. This means beneficiaries living in Telangana and Andhra Pradesh can buy their quota of ration from the Public Distribution System (PDS), also called ration shops, in either of the states. Similar would be the case in Maharashtra andRead More

Global Innovation Index 2018 – India Ranks 57th

Global Innovation Index 2018   UPSC Mains General Studies Paper II Topic: Social Justice Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources. Download Global Innovation Index 2018 PDF    What is Global Innovation Index 2018? Global Innovation Index is jointly released by Cornell University, INSEAD and World Intellectual Property Organisation (WIPO). The Global Innovation Index (GII) 2018 is the 11th edition of theRead More

Current Affairs March 2015 – International, Economy, Science and Technology

Current Affairs March 2015       Current Affairs March 2015 – International BBC released a controversial documentary film “India’s Daughter “ based on the Delhi-rape case. Islamic State Group(ISIS) bulldozed and destroyed ancient city of Nimrud in Iraq. Solar Impulse-2, a Solar powered plane, took off to make a round-trip of the world. Simone Gbagbo, the former first lady of Ivory Coast, jailed for 20 years. Cyclone Pam hitRead More

Banking-Economics Current Affairs January 2015

Banking-Economics Current Affairs January 2015   Union Government divested 10 percent stake in Coal India Limited.  Now,  government’s share in CIL stands at 79.65 percent. Government earned an amount of 22557.63 crore rupees through the disinvestment process. HDFC Bank allowed by Cabinet Committee on Economic Activities to raise foreign holding limit to 74 per cent. Apple Inc recorded the highest-ever profit of 18 billion US dollars in corporate history worldwide. HDFC Bank featuredRead More

Union Budget Highlights : 2015 – 2016

Union Budget 2015-2016 : Highlights Union Budget 2015-2016 of India was presented by  the Finance Minister of India Sh. Arun Jaitley on 28th February 2015. The knowledge about yearly Union Budget is very important from the examinations point of view. Many questions are based on the Annual Union Budget in exams like UPSC, SSC, BANK PO, BANK Clerical etc .Also, it is the favorite topic of the interview panel inRead More