ECONOMICS

Current Trends in Indian Economy

RBI holds rates, vows to keep price stability repo rate unchanged at 6.5%

• • The Reserve Bank of India’s Monetary Policy Committee (MPC) decided unanimously keep the
    policy repo rate unchanged at 6.5% for the second straight meeting, with Governor Shaktikanta Das.

• Reverse repo rate – 3.35%

About RBI

• • Headquarters – Mumbai
  • Governor – Shaktikanta Das

• Established – 1 April 1935

Report and Indices

Food Safety Index 2023: Kerala, Punjab lead, TN slips to 3rd spot

• Food Safety and Standards Authority of India (FSSAI)’s 5th State Food Safety Index 

(SFSI), which was released on 7 June by Union Health Minister Mansukh Mandaviya on the occasion of World Food Day.

Among Larger States:

• Kerala has topped the Food Safety Index 2022-23.
• Tamil Nadu has slipped to third position.
• Punjab stood in the second position.

Among smaller states:

• Goa stood first for the fourth time in a row. 
• It was followed by Manipur and Sikkim. 
• Last year, these three states were in the same position.

Among Union territories:

• Jammu and Kashmir, Delhi, and Chandigarh secured first, second, and third ranks. 
• This is the third time, Jammu and Kashmir have secured first position. 
• Last year too, the three UTs had secured the same positions.
  Note

• • In 2021-22, Tamil Nadu was in the top position among 20 larger states, followed by Gujarat and Maharashtra. 

• In 2020-21, Gujarat was in top position, followed by Kerala and then Tamil Nadu in the third position.

The Index started in 2018-19.

• Objective – To create a competitive and positive change in the food safety ecosystem in the country.
• FSSAI is a statutory body established under the Food Safety and Standards Act, 2006  in ensuring healthy and nutritious food to the people.