What is Prepaid Payment Instrument?
Context: A committee reviewing customer service standards for RBI (Reserve Bank of India) regulated entities has recommended the extension of Deposit Insurance and Credit Guarantee Corporation (DICGC) toPrepaid Payment Instrument (PPI) to protect against fraud and unauthorized transactions. Relevance: GS III: Indian Economy Dimensions of the Article: What are PPIs? What is PPI interoperability? How […]
Low-cost Finance For Energy Transition
Context: A recent report called ‘Low-cost finance for energy transition,’ released by the International Renewable Energy Agency (IRENA), has recognized and praised India’s outstanding progress in expanding its renewable energy capacity. Relevance: GS III: Indian Economy Dimensions of the Article: Key Highlights of the Report: Unprecedented Growth in Renewable Energy Sector: Renewable Energy Attractive Index: […]
World’s Largest Grain Storage Plan in the Cooperative Sector
Context: The Union Cabinet has given its approval for the establishment of the “world’s largest grain storage plan in the cooperative sector” with an outlay of around Rs 1 lakh crore. Relevance: GS III: Indian Economy Dimensions of the Article: Major Highlights Related to Grain Storage Plan: Objectives: Focus on Agricultural Infrastructure: Convergence of Schemes: […]
Li-ion Battery Recycling Technology
Focus: GS III: Indian Economy Why in News? Recently, the Ministry of Electronics and Information Technology (MeitY) transferred cost-effective Lithium-ion battery recycling technology to nine recycling industries and start-ups. About Li-ion battery recycling technology: About Lithium: Occurrence: Uses: Lithium has a range of industrial applications, including:
Carbon Border Adjustment Mechanism
Context: Relevance: GS Paper 3: Climate change, Sustainable Economy Mains Question Examine India’s worries about the CBAM and its potential for discrimination and trade protectionism. How might these issues be resolved within the World Trade Organisation (WTO) framework? (150 Words) Understanding CBAM: WTO Consistency: Implications for the India-EU FTA: Higher Tariffs and Carbon Intensity: Risk […]
What is Purchasing Managers Index
Context: Rising from 57.2 in April to 58.7 in May, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose to a 31-month high. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources) Dimensions of the Article: What is Purchasing Managers’ Index (PMI)? Understanding PMI -Source: The Hindu
About The Small Finance Banks
Context: The Reserve Bank of India (RBI)-appointed director, recently resigned from the board of Ujjivan Small Finance Bank (SFB). Relevance: GS III: Indian Economy Dimensions of the Article: About Small Finance Banks (SFBs): Regulation Small Finance Banks are governed by the provisions of the: RBI Guidelines on SFBs in India: Source: India Today
CIBIL (Credit Information Bureau (India) Limited) score
Context: The Kerala High Court recently held that an application for education loan by a student could not be rejected on the ground of a low CIBIL (Credit Information Bureau (India) Limited) score. Relevance: GS III: Indian Economy Dimensions of the Article: About CIBIL (Credit Information Bureau (India) Limited) score: How is CIBIL Score calculated? […]
About The Evergreening of loans
Context: Recently, Reserve Bank of India Governor, while addressing bank board, raised concerns over banks using innovative methods for evergreening of loans. Relevance: GS III: Indian Economy Dimensions of the Article: Evergreening methods used by Banks, as highlighted by the RBI Governor: Evergreening of loans Reasons for financial institutions engaging in the evergreening of loans: […]
RBI’s ‘Lightweight’ Payments System
Context: The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlements system, which it is calling a “bunker” equivalent of digital payments, which can be operated from anywhere by a bare minimum staff in exigencies such as natural calamities or war. Relevance: GS III: Indian Economy Dimensions of the Article: Details: Reasons […]