A certificate of deposit (CD) is a financial instrument that allows one to earn interest on a fixed amount of money that a person deposits with a bank for a set period of time: In India, CDs are issued by scheduled commercial banks, regional rural banks, small finance banks, and All India Financial Institutions. They are governed by the Reserve Bank of India (RBI) and are issued in dematerialized form.
What is Banking Liquidity Deficit?
Liquidity means available cash that banks need to meet short-term business and financial needs. Liquidity Adjustment Facility:
National Testing Agency (NTA)
India’s Green Hydrogen Vision and Challenges
Context: India’s ambitious target of producing 5 million metric tonnes (MMT) of green hydrogen annually by 2030 signals its bid to establish early leadership in this emerging sector The Vision and Potential of Green Hydrogen What is Green Hydrogen? Green hydrogen is a clean energy source that’s produced by splitting water molecules into hydrogen and oxygen using electricity from
APEC Climate Centre predicts La Nina
Context: The APEC Climate Centre has predicted that La Nina, which brings heavy rainfall and floods to Asia, particularly India, will probably emerge during January-March 2025. Know about La Nina? Asia-Pacific Economic Cooperation (APEC) India is not a member of the Asia-Pacific Economic Cooperation (APEC):
Credit Guarantee Scheme
Context: Union Food Minister Pralhad Joshi unveiled the ₹1,000-cr scheme to provide a credit guarantee to post-harvest loans for farmers. Key Highlights: E-Kisan Portal
HML to Launch Modern Farming Practices
Context: Key Highlights: Harrisons Malayalam LTD is an Indian agricultural business corporation, and a part of the RPG Group
Di-Ammonia Phosphate (DAP) price Hike
Context: After a gap of nearly four years, the prices of Di-Ammonia Phosphate (DAP) are expected to increase by 12-15 per cent, from ₹ 1,350 per bag to ₹ 1550-₹ 1590 per bag. The revised rates could be effective from January 1, 2025. What is Di-Ammonia Phospha
Impact of Digitisation on Inflation
Context: Digitalisation’s impact on monetary policy, particularly inflation, requires close monitoring, as price disparities between online and offline goods could potentially steepen the Phillips curve, prompting a reassessment of traditional inflation models said RBI Governor. Key Highlights: Phillips Curve: Inflation-Unemployment Relationship Digital Currency Digital currency, also known as electronic money, is a type of money that is stored, managed, and exchanged primarily through digital systems, like the internet. Type of Digital Currency
GDP Prediction by CRISIL
Context: High-interest rates and fiscal consolidation have greatly slowed down India’s economic growth for FY25. According to CRISIL, the GDP of India may reach trend growth of 6.7% during the year. Key Highlights: CRISIL is a global analytics company that provides research, data, ratings, and solutions to a variety of clients. About CRISIL
