THE VERITY LIBERATE

 ~Preet The writer and the publisher have no rights to this image. This image has been taken from,  Digital-Rupee-–-Its-Understanding.jpeg The Reserve Bank of India (RBI) will shortly launch restricted pilots of the e-rupee, also known as Central Bank Digital Currency (CBDC) or digital rupee, for specified use cases. It has hinted at two major categories for the usage of e-rupee for various transactions — retail and wholesale.  The CBDC is defined by the RBI as a digital representation of currency notes issued by a central bank. It is a sovereign or completely autonomous currency issued by the country's central bank (in this case, the RBI) in line with monetary policy. CBDC will be recognised as a means of payment and legal tender by all three parties - individuals, government agencies, and businesses - once it is formally issued. Because it is government-backed, it may be readily exchanged for money or notes from any commercial bank. The RBI is not enthusiastic about the e-rupee.

 ~Preet The publisher or the writer has no rights to the image. The image is taken from  cb39f9aebb.jpg To improve local supply amid a drop in paddy crop area in the current Kharif season, India has banned the export of broken rice and levied a 20% levy on non-Basmati rice exports save for parboiled rice. India is the world's largest rice exporter, accounting for more than 40% of worldwide rice shipments, and competes in the global market alongside Thailand, Vietnam, Pakistan, and Myanmar. It is frequently used to produce feed for very young animals and pets. Furthermore, it is ideal for all sorts of animals due to its high caloric value and low fibre content. It is also utilised in the brewing business, where it is combined with barley, as well as in the manufacture of arak (aniseed alcoholic drink, distilled, colourless drink). It is a raw ingredient used to make rice flour, which is then utilised in baby food, morning cereals, rice wine, rice liqueur, sake, and packed and tinned

 ~Preet Image Taken From :- https://capindia.in/foreign-contribution-regulation-amendment-rules-2020-further-tightens-the-bolts/ No rights of the image belongs to the writer or publisher. The Foreign Contribution (Regulation) Act was recently revised by the Ministry of Home Affairs (FCRA). In November 2020, the Ministry toughened the FCRA rules, making it clear that NGOs (Non-Governmental Organizations) that are not directly linked to a political party but engage in political action such as bandhs, strikes, or road blockades will be considered political if they participate in active politics or party politics. All NGOs receiving money are required by law to register with the FCRA. The action comes after the government raised the import tariff on gold from 7.5 percent to 12.5 percent in an effort to discourage gold imports, which increase the trade imbalance and put pressure on the currency and FX reserves. An increase in gold import tariff will raise the cost of import and discourage i

The Reserve Bank of India's $5 billion dollar-rupee swap idea. ~Preet. As part of its liquidity management programme, the Reserve Bank of India (RBI) recently held a USD 5 billion dollar-rupee swap auction. This action will result in the injection of dollars and the evaporation of the rupee from the financial system. This will relieve inflationary pressures and boost the rupee. It is a forex technique in which the central bank purchases another currency with its own currency or vice versa. Swap of Dollars and Rupees: The central bank purchases dollars (US dollars or USD) from banks in exchange for Indian rupees (INR) and then immediately enters into a counter-deal with banks pledging to sell dollars at a later date. When the central bank sells dollars, it pulls out an equivalent amount of rupees, diminishing rupee liquidity in the economy. Because the transaction conditions are predetermined, there are no exchange rate or other market risks with these swap transactions.  The RBI so

India to manufacture 500 items by 2025, by 3D printing.  ~Preet.   The National Strategy for Additive Manufacturing Policy was recently released by the Ministry of Electronics and Information Technology (MeitY).  Within three years, the strategy intends to boost India's share of global additive manufacturing to 5% and add USD 1 billion to the country's GDP. It also plans to build 50 India-specific material, machine, and software innovations, 100 new additive manufacturing firms, 500 new products, and educate at least 1 lakh new skilled people. The ideas of 'Make in India' and 'Atmanirbhar Bharat Abhiyan', which urge self-reliance via technological transformation of the production paradigm, are included into the Policy. 3D printing, also known as additive manufacturing, is a process that employs materials such as plastics and metals to turn computer-aided design goods into genuine three-dimensional things.  3D printing is the inverse of subtractive manufacturing,

Ban on import of drones in India. ~Preet The Ministry of Commerce and Industry's Directorate General of Foreign Trade (DGFT) recently prohibited the import of foreign drones.  The decision comes after the Union Budget 2022 suggested the Drone Shakti initiative to make it easier to apply for and use 'drones as services' in the country. The import of drone components, on the other hand, is not prohibited and will not necessitate any authorization. Drone imports for defence and security reasons will also be permitted, subject to DGFT permission.The initiative attempts to market Indian-made drones. The Ministry approved liberalised drone laws in 2021 with the goal of encouraging R&D and making India a drone hub. Several licences and approvals were repealed. The number of forms that must be completed was lowered from 25 to five, and the charge categories were cut from 72 to four.  Drones are not permitted to operate in green zones, and no remote pilot licence is required for

  India-Australia trade agreement. ~Preet. India and Australia have stated that an Interim Trade Agreement will be signed in March 2022, followed by a Comprehensive Economic Cooperation Agreement (CECA) 12-18 months later.  The agreement will cover "the vast majority of areas of mutual interest" for both nations, including commodities, services, origin laws, sanitary and phytosanitary measures, and customs processes. The Supply Chain Resilience Initiative was previously initiated by India, Japan, and Australia (SCRI). Before a complete FTA (Free Trade Agreement) is signed, an interim or early harvest trade agreement is used to liberalize tariffs on the trade of particular items between two nations or trading blocs.  The government's emphasis on temporary accords might be tactical, allowing for a deal to be reached with minimal commitments and the resolution of thorny problems afterwards.  The concern is that these early harvest plans may focus on the low-hanging fruits, l

USA Federal Reserves: Hike in rate  of interests and its effects on Indian markets. ~Preet. The announcement of the possibility of the US Federal Reserves, hiking the rate of interests, on January 27th 2022, has shook the markets in India, sending shivers down the spine of the investors.  The consumer prices in USA rose vehemently, it was the highest rise in nearly four decades, to tame this 7% inflation, the US Federal reserves would be subsequently increasing the interest rates in the economy from the beginning of March 2022. The unprecedented hike in inflation took the centre stage on the globe in mid 2021, when almost all the countries were facing the issue of immense surge in consumer prices. This issue places a huge economic challenge in-front of a world, already bruised with the scars of pandemic. Most of the countries began taking measures to control the inflation from the very beginning of this year.  The OECD CPI inflation rate for November was around 6%. USA saw the highest

Those at bottom, dipped, Those on top, grew: The Story of India's "K" shaped economic recovery. ~Preet Since the dawn of COVID-19 in India, and the restrictions put in place to tame the surge and set this country free of this disease, i.e. from the February of 2020, the country's economy has been hit hard. India saw a financial downtrend like never before. The government kept on extending the restriction, and Indians saw the longest lockdown in a row, and there were constant concerns and protests about the loss of livelihoods and crumbling economy of the nation. These concerns were tried to be extinguished by the claims of a 'K' shaped recovery. The recovery did happen, the economy did boom again and is growing rapidly, but ultimately a price was paid by the poorest of the Indians, as they stand at the negative half of the 'K' shaped recovery. Since 1995, India has seen a constant rise in the annual income of the poorest 20% of households, but this pos