As India is exploring central bank digital currency (CBDC), the Reserve Bank of India (RBI) is gearing up to take a significant stride in its “eRupee,” the Indian CBDC venture. …
Category:
Economy
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BusinessEconomy
Is Tomato Price Hike in India Due to Greedflation?
by Team Newscanvass 8 minutes read“Greedflation” is accused as a reason behind the inflation in Europe and USA. During the pandemic, multinational corporations (MNCs) raised prices due to supply chain issues, resulting in cost-push inflation. …
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BusinessCurrent AffairsEconomy
India’s Per Capita – National Steel Policy
by Newscanvassby Newscanvass 1 minutes readIn Rajya Sabha’s written response, the Minister of Steel pointed out that India’s per capita steel consumption is 74.7 kg, compared to the world average level of 229 kg during …
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BusinessCurrent AffairsEconomy
Appropriation Bill Gets The Nod Of Lok Sabha
by Newscanvassby Newscanvass 1 minutes readLok Sabha has approved the Appropriation Bill, allowing the central government to withdraw funds from the Consolidated Fund of India for its business needs and the implementation of various programmes. …
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BusinessCurrent AffairsEconomy
MMDR Amendment Bill Propesed In Lok Sabha
by Newscanvassby Newscanvass 3 minutes readThe 2021 “Mines and Minerals (Development and Regulations) Amendment Bill”, proposed in Lok Sabha. MMDR bill amended the Mines and Minerals Development and Regulation Act of 1957. Removal of restrictions …
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Rajya Sabha passed the National Institute of Food Technology Entrepreneurship and Management (NIFTEM) Bill in 2019. The bill declares that food technology, entrepreneurship and management agencies as institutions of national …