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Challenges in India’s Fintech Landscape

Context: In a recent report presented to Parliament, the Standing Committee on Communications and Information Technology raised concerns regarding the dominance of foreign-owned fintech apps in India’s digital payments ecosystem. Fintech is the use of digital platforms to provide financial services. Relevance: GS III: Indian Economy Dimensions of the Article: Key Report Highlights on Digital Payments Regulation: Regulation Emphasis: Market […]

About BharatNet Project

Context: State-owned Bharat Sanchar Nigam Limited (BSNL) has floated around Rs 65,000-crore tender for the implementation of the phase-III BharatNet project. Relevance: GS III: Indian Economy Dimensions of the Article: BharatNet Project: Transforming Rural Broadband Connectivity in India Features & Benefits: Phases of Implementation: Phase-I: Phase-II: Phase-III: Budget Allocation: Progress, Challenges, and Future Plans of […]

World Bank Webinar on India’s Renewable Energy Landscape

Context: The Indian Renewable Energy Development Agency (IREDA) recently participated in an international webinar organized by the World Bank. The session focused on India’s renewable energy scenario, highlighting its ambitious targets to address climate change and ensure energy security. Relevance: GS III: Indian Economy Dimensions of the Article: Key Points from IREDA’s World Bank Webinar […]

RBI Imposes Stringent Restrictions on Paytm Payments Bank Ltd

Context: Recently, the Reserve Bank of India (RBI) has imposed strict restrictions on Paytm Payments Bank Ltd (PPBL). This move comes after an audit report highlighted persistent non-compliances and supervisory concerns within the bank. Relevance: GS III: Indian Economy Dimensions of the Article: Key Restrictions Imposed on PPBL by RBI Regulatory Authority and Concerns: Compliance […]

About Delhi Chalo Protest

Context: Farmers from Punjab, Haryana, and Uttar Pradesh are en route to Delhi in the ‘Delhi Chalo’ protest, advocating for legal assurances for the Minimum Support Price (MSP). Relevance: GS III: Indian Economy Dimensions of the Article: Key Demands of Farmers: MSP Legal Guarantee: Swaminathan Commission’s Recommendations: Additional Demands: Government’s Response: Post Farm Laws Repeal: […]

Joint Inauguration of UPI and RuPay Services

Context: The Prime Minister of India, alongside the President of Sri Lanka, Mr. Ranil Wickremesinghe, and the Prime Minister of Mauritius, Mr. Pravind Jugnauth, jointly inaugurated the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, along with the introduction of RuPay card services in Mauritius. This collaborative effort signifies a significant […]

Japan Slips into Recession

Context: Japan unexpectedly slipped into a recession at the end of last year thus, losing its title as the world’s third-biggest economy to Germany. As per the Government’s data, Japan’s gross domestic product (GDP) fell an annualised 0.4% in the October-December period after a 3.3% slump in the previous quarter Relevance: GS Paper 3: Indian […]

India Needs Deep Industrialisation

Context: The outlook for our economic future has been reshaped by the COVID-19 pandemic. Globalization is now receding, making way for the resurgence of industrial policies and strategic state-led economic interventions worldwide. While India has sustained its growth momentum and rebounded relatively swiftly from the pandemic, it has entered a phase of ‘premature deindustrialization.’ Relevance: GS3- […]

Establishing Real-Time Payment Link Between India and US

Context: The National Payments Corporation of India (NPCI) is set to establish real-time payment link between India and the US. Relevance: GS III: Indian Economy National Payments Corporation of India (NPCI): -Source: The Indian Express, Hindustan Times

RBI Suggests Lower Borrowings to Boost Growth Ease Inflation

Context: Recently, the Reserve Bank of India (RBI) said that lower borrowings  to increase growth and ease inflation. Relevance: GS Paper-3: Indian Economy and issues relating to planning, mobilization of resources, growth, development, and employment Dimensions of the Article: Public Debt in India Sources of Public Debt Fiscal Deficit THE THREE PILLARS FOR REDUCING PUBLIC […]