Daily Current Affairs

Day: December 7, 2024
RBI Monetary Policy December 2024

RBI Monetary Policy December 2024: CRR Cut, Unchanged Repo Rate, and GDP Growth Revision

The RBI's Monetary Policy for December 2024 introduces key measures to stabilize India's economy, including a 50 bps reduction in the Cash Reserve Ratio (CRR) to 4%. Despite these changes, the Repo Rate remains unchanged at 6.5% for the seventh consecutive time, signaling a steady approach towards managing inflation and liquidity. Along with these decisions, the RBI has revised its GDP growth forecast for FY25 to 6.6%, reflecting a cautious outlook amid economic challenges.
India’s Artificial Intelligence Safety

India’s Artificial Intelligence Safety Institute Initiative

The AI Safety Institute aims to address key concerns related to AI, such as bias, discrimination, and safety. By promoting a multi-stakeholder approach and collaborating internationally, India seeks to ensure the ethical, human-centric, and safe development of AI technologies. The institute will support innovation while balancing safety and privacy, enhancing India’s global leadership in AI governance.
Anna Chakra and Scan portal

Anna Chakra and Scan portal launched to modernize Public Distribution System

Union Minister Shri Prahlad Joshi introduced 'Anna Chakra' and the SCAN Portal to modernize India's Public Distribution System (PDS). This innovative initiative utilizes advanced algorithms and digital platforms to streamline food grain logistics, reduce costs, and ensure faster subsidy claim processes, benefiting millions across the country.

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