Daily Current Affairs

Day: December 12, 2024
RBI Monetary Policy 2024

RBI Monetary Policy 2024: Key Highlights and Framework in India

The Reserve Bank of India (RBI) has focused on controlling inflation and fostering sustainable growth through its monetary policy for 2024. The RBI Monetary Policy Committee (MPC) has kept interest rates at 6.50% for 11 months to curb inflation and regulate growth. With a flexible inflation targeting framework and key policy tools, RBI aims to maintain economic stability.
India's Social Security Scheme

India’s social security scheme for gig and platform workers

The Indian government is set to introduce a social security scheme for gig and platform workers under the Code on Social Security 2020. This move aims to provide benefits like pensions, insurance, and healthcare to workers who lack traditional employer-employee relationships. The gig economy, projected to reach 2+ crore workers by 2030.
Sanjay Malhotra Appointed as 26th RBI Governor

Sanjay Malhotra: 26th Governor of RBI

On December 11, 2024, Sanjay Malhotra was appointed as the 26th Governor of the Reserve Bank of India, succeeding Shaktikanta Das. A Princeton-educated economist and IIT Kanpur graduate, Malhotra brings extensive experience in finance, taxation, and public policy to his new role. Known for his contributions to GST management, tax reforms, and financial stabilization, he aims to address challenges like inflation and economic growth during his three-year term.
Internet Shutdown in India

Internet Shutdown in India: Legal Provisions, Impacts, and Key Highlights

India experienced over 500 internet shutdowns in 2023, with 13 states and UTs implementing them, some lasting over five days. The Anuradha Bhasin v. Union of India case declared internet access a fundamental right under Article 19. Shutdowns aim to ensure public safety but face criticism for their impact on freedom of expression, education, and economic growth.
Gene Therapy for Hemophilia A

Gene Therapy for Hemophilia A: A Major Breakthrough in India

India’s first human gene therapy for Hemophilia A was performed in Chennai, marking a breakthrough in treatment. Five patients reported zero hemorrhagic events, significantly improving their quality of life. The innovative lentiviral vector used is a cost-effective, long-term solution for managing genetic disorders like Hemophilia A in India.

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