Gold Chain

 INCREASE IN REPO RATE  RBI's Monetary policy Committee meeting concluded on October 7th 2026  and tohe Central Bank announced a  hike in  repo rate by 25 basis points to 5.50% first time  increase, since February 2023. Accordingly the MPC has shifted it's Monetary policy stance from " neutral to "Caliberated tightening "to address increasing inflationary pressures induced by elevated crude prices, ongoing West Asian crisis and global uncertainties. Similarly BI has upgraded GDP forecasts to 7.1% for Fy 2026-27 ,it projected CPI Inflation  at 5.2% for FY 2027.Along with inreased repo rate of 5.50% ,standing Deposit Facility (SDF) raised to 5.25 from 5.0 % and Marginal Standing Facility (MSF) and bank rate inreased to 5.75% from 5.50%. BACKGROUND  Through caliberated tightening RBI has signaled the easing cycle  with probability of vulnerabilities like crude prices near $116 per barrel, a weak monsoon,high food prices and broadening of inflati...

 UNO After the second world War  United Nations Organisation was established to make the actions of different nations state more predictable, by creating adequate  space  for  dialogue with  elaborate structural frame work for the  application of appropriate  international law.Officially UN was established on October 24,1945 after major nations ratified the U N charter including, China,France,Soviet Union and the United Kingdom.After completing 80 annual meetings so far,  the theme of the present 81st  session of United Nations General Assembly held recently was" Restoring Trust, managing transformation:A United Nations that Delivers for All".Ironically  currently the global confidence in multilateralism has plunged to the historic low .Hence concentrating the pillars of Peace,security development are very much significant in restoring trust.It is also  required that UNO must actively involve in addressing common grievances lik...

PAST EXPERIENCE  Eventhough Section 301 of the US Trade Act of 1974 have been used against  India in the past , major impact occurred following the Pokhran II nuclear test by India in May 1998. US and it's allies imposed economic ,technological and military Sanctions against the country . At that time India withstood the impact through a combination of policies including diplomatic persistence, domestic resilience and economic diversification. To offset  the loss of foreign aid and loan assistance  Indian Government successfully launched the" Resergent India Bond Scheme"  and about $ 4 billion were promptly mobilised from Non Resident Indians and  Indian diaspora. India also  diversified its trade partnership with Russia, European Union, and Middle East countries for defense and energy.Even though sanctions led to temporary slackening of Infrastructural projects and dip in India's exports to US,,India's ongoing  economic liberalisation and vibrant...

  EVOLUTION OF BRICS  Although the idea of BRIC was originally mooted by Goldman Sachs economist Jim O Niell in 2001to highlight the global prospect of fast growing markets of economies like Brazil, Russia, India and China, the first meeting was held 2006 in New York and after that first summit was held in Russia in 2009.South Africa joined in 2010- 11,making the group as BRICS. and by 2024 -25 the organization was expanded with the new entry of  countries like Iran,Egypt. Ethiopia, the  UAE,and Indonesia . As of now the  BRICS + countries are able to design policies and strategies to bolster global supply Chains  boost resilience against pandemic and climate change. Leaders are also voicing concerns against weaponisation of currencies and tariffs, weaponisation of critical minerals and technology.  18th BRICS SUMMIT  The 18th BRICS Summit was  hosted by India on 12-13 September 26  amidst crucial geopolitical risks and uncertainties. Of...

GLACIERS AND FLASH FLOODS  On 26th August morning 2026 a series of  flash floods hit and terribly destroyed the Gyirong  check post on the China-Nepal border .Due to the impact it struck dozens of settlements along the 72km stretch of the of the Trishul river in Nepal.The perciptating geological event has believed to be the  outcome of  collapse of a enormous glacier slab that caused unprecedented chain reaction which  plunged kilometers below. Resultant flash floods and mud slides thatoccured  around not only  in Nepal but also along China Nepal border connecting Rasuwa district of Nepal and Gyrongo county.Almost the entire market towns like Betrawati,were buried  under debris of thick mud and different 9000types of residuals, submerging buildings up to  upper floors. The crossing between  China and Nepal territory has been very vital in providing bulk of  economic activities ranging from daily traffic related to trade,tourism...

UPI REVOLUTION IN INDIA UPI was the result of a vision to create a cash less economy and make banking accessible to everyone. Accordingly NPCI with support of the RBI and Indian banks designed UPI to be fast,simple and secure.India's Digital payments program was launched by National Payment Corporation of India (NPCI)in August 2016.It had established India's Unified Payment Interface (UPI) a real round the clock payment system in the country that enabled persons to receive and make payments directly between bank accounts instantly.By developing UPI, NPCI  removed the need to share bank details including account numbers and IFSC codes etc as done earlier for every transaction. The transaction is made by creation of UPI ID (VPA) and that links to your bank account. After that a secure 4 or 6 digit personal identification number is made to authorise each payment. QR codes can be utilised to pay instantly without entering any manual DC.UPI transfer of work can be done any time incl...