RBI Hikes Key Interest Rate By 35 BPS

Context: Signalling a further rise in lending and deposit rates, the Monetary Policy Committee (MPC) of the Reserve Bank of India on Wednesday (December 7) hiked the key policy rate, the repo rate or the rate at which the RBI lends funds to banks, by 35 basis points to 6.25 per cent in a bid […]

About RoDTEP scheme

Focus: GS III- Indian Economy Why in News? Taking a major step to boost exports, Centre further expanded the scope of RoDTEP Scheme (Remission of Duties and Taxes on Exported Products) by including the exports made from the Chemical sector, Pharmaceuticals sector and exports of articles of iron & steel About RoDTEP scheme: Need for the RoDTEP […]

First Loss Default Guarantee (FLDG) system

Context: Two months after the RBI issued guidelines on digital lending, banks, NBFCs and fintech players are still awaiting clarity on many aspects, including the First Loss Default Guarantee (FLDG) system. Relevance: GS III: Indian Economy Dimensions of the Article: What is FLDG System? Issues with FLDGs -Source: The Hindu

UPI Market Cap Deadline

Context: The National Payments Corporation of India (NPCI) has extended by two years the deadline to comply with its 30 per cent cap on the market share of platforms operating on the Unified Payments Interface (UPI). Relevance: GS III: Indian Economy Dimensions of the Article: What is Unified Payments Interface (UPI)? Why did NPCI extend […]

The New Economic Growth Data

Context Relevance GS Paper 3: Economic growth Mains Question “The MSMEs sector is referred to as the Indian economy’s growth engine.” In light of this statement, discuss the challenges and solutions facing India’s MSMEs sector. (250 words) Before proceeding to data, key terminologies must be understood. Key findings from recently released data Optimistic outlook Far […]

Central Bank Digital Currency

Context: Reserve Bank of India (RBI) has announced the launch of India’s much-awaited Central Bank Digital Currency (CBDC), a sort of official cryptocurrency, for retail users from December 1. Relevance: GS III: Indian Economy Dimensions of the Article: What’s RBI’s plan? What is E-rupee? What are the types of e-rupee? Based on the usage and […]

International Year of Millets 2023

Focus: GS III: Indian Economy Why in News? The Union Agriculture and Farmers Welfare Minister has said the International Year of Millets (IYOM) – 2023 will provide an opportunity to increase global production, efficient processing and better use of crop rotation and promote millets as a major component of the food basket. About International Year […]

What is a loan Write-Off?

Context: Banks wrote off more than Rs 10 lakh crore in loans over the last five years, according to RBI data obtained under the Right to Information (RTI) Act. Relevance: GS III: Indian Economy Dimensions of the Article: What is a loan write-off? Why do banks resort to write-offs? -Source: Indian Express

National Investment and Infrastructure Fund

Focus: GS III: Indian Economy Why in News? Finance Minister has urged the National Investment and Infrastructure Fund (NIIF) to expand its operations and explore ways to crowd in private capital for projects under the National Infrastructure Pipeline, PM Gati Shakti and National Infrastructure Corridor. What is NIIF? Types of funds in NIIF Functions of NIIF

India To Invest In Urban Infrastructure

Context Relevance GS Paper 3: Economy, Infrastructure Mains Question “Urban infrastructure is essential for the development of cities and their surrounding areas.” In light of this, consider the various reasons for the expansion of slum areas in India. Discuss various issues related to it as well. (250 Words) Report highlights include: Suggestions in the report: […]