Goaltide Daily Current Affairs 2022
Current Affair 1:
Government Data Roundup
1. All-India Consumer Price Index Numbers for Agricultural and Rural Labourers – November 2022
Brief about the report:
The Labour Bureau had been compiling CPI data for farm labourers since September 1964. The new series of CPI Numbers for (i) Agricultural and (ii) Rural Laborers (base 1986-87=100) replaced the previous series on base 1960-61=100 with effect from November 1995. These index statistics are compiled each month by the Field Operations Division (FOD) of the National Sample Survey Organization (NSSO), which periodically collects price information from 600 sample villages selected from 20 States.
- The All-India Consumer Price Index Number for Agricultural Laborers and Rural Laborers (Base: 1986-87=100) increased by 8 points each for the month of November 2022, reaching 1167 and 1178 points, respectively.
- The increase in the prices of Rice, Wheat-Atta, Bajra, Maize, Pulses, Milk, Onion, Chilies Green/Dry, Turmeric whole, mixed spices, Vegetables & Fruits, Gur, etc. was the main factor contributing to the rise in the general index of Agricultural Laborers and Rural Laborers, rising by 4.05 & 3.56 points, respectively.
- The index varied differently in each state. In 17 States, there was a rise of 1 to 16 points for Agricultural Labourers. Himachal Pradesh is at the bottom of the index table with 912 points, while Tamil Nadu is at the top with 1345 points.
- Among the states, Bihar and Uttar Pradesh witnessed the largest increase in the Consumer Price Index Numbers for Agricultural Labourers and Rural Labourers (16 points each), and Assam registered a maximum decline of 9 points each.
2. Report on Trend and Progress of Banking in India
Brief about the report:
In accordance with Section 36 (2) of the Banking Regulation Act, 1949, the Reserve Bank of India published the Report on Trend and Progress of Banking in India 2021–22. This report details the banking industry’s performance so far in 2021–22 and 2022–23, including cooperative banks and non-bank financial institutions.
- After a seven-year gap, the combined balance sheet of scheduled commercial banks (SCBs) experienced a double-digit expansion in 2021–2022, driven by lending growth that surged to a ten-year high in H1 of 2022-23.
- By the end of March 2022, the capital to risk-weighted assets ratio (CRAR) of SCBs increased from 16.3% to 16.8%, with all banks achieving the regulatory minimum capital requirement of 11.5%.
- From its high in 2017–18, the gross non–performing assets (GNPA) ratio of SCBs decreased progressively to reach 5.8% by the end of March 2022. This was driven by decreasing slippages as well as a decrease in outstanding GNPAs.
- The profitability of SCBs in 2021–22 increased due to an increase in income and a decrease in expenses, as assessed by return on equity and return on assets.
- Urban cooperative banks financial performance improved in 2021–2022 as evidenced by increased capital buffers, a drop in the GNPA ratio, and improved profitability indicators.
- While asset quality improved throughout 2021–2022, the NBFC sector maintained comfortable liquidity buffers, adequate provisioning, and a robust capital position.
3. RBI Bulletin for December 2022
Brief about the report:
The December 2022 edition of the Reserve Bank of India’s monthly Bulletin is released.
Only one new thing you can see here is:
One key highlight of this bulletin is on unorganized sector and its informational asymmetry. In India, the unorganized sector accounts for over half of the recorded economic activity, yet this sector lacks high-frequency data. By methodically merging several proxy indicators, a new composite coincident index for the unorganized sector (UNCCI) has been prepared.
The UNCCI (both sectoral and composite) represent the overall trajectory in the unorganised sector activity reflecting pertinent impact of relevant economic or non-economic.
Separate UNCCIs are generated for agricultural and non-agricultural activities since the cyclical pattern and seasonal fluctuation in these two sectors differ significantly. Then, an overall UNCCI is produced by taking the weighted average of the two, where the weights represent the corresponding sectoral shares in the total GVA.
Current Affair 2:
National Green Tribunal
First of all why this body?
The National Green Tribunal has been established on under the National Green Tribunal Act 2010 for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources including enforcement of any legal right relating to environment and giving relief and compensation for damages to persons and property.
The chairperson shall be appointed by the central government in consultation with the chief justice of India. Judicial member & expert member shall be appointed on the recommendations of select committee as provided by the central government.
Chairperson, judicial member & expert member shall hold office for a term of 5 years but shall not be eligible for re- appointment.
Removal and suspension of Chairperson, Judicial Member and Expert Member:
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