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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 […]

About Index of Eight Core Industries in 2023

Focus:GS III- Indian Economy Why in News? The Quick Estimates of Index of Industrial Production (IIP) for the month of December 2023 stands at 151.5. About Index of Eight Core Industries: Released by: The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade Base year: 2011-12 Below image attached Eight Core Industries based on […]

India’s Minerals Security Partnership to Secure Critical Mineral

Context: As an effort to help the central public sector undertakings or PSUs to acquire critical mineral assets abroad, the Ministry of Mines in an US-led Minerals Security Partnership, proposed to circulate critical mineral block proposals received by partner countries with the PSUs. Relevance: GS III- Indian Economy Dimensions of the Article: Details: What are […]

Surge in Engineering Goods export to Russia

Context: As Russia-Ukraine war enters its third year, the export of Engineering goods to Russia has increased significantly. Relevance: GS III: Indian economy Dimensions of the Article: Details: Current Scenario of Indian Export The current scenario of Indian exports indicates a series of decelerations in both goods and services exports: Goods Export Performance: Services Export […]

UPI services to be launched in Sri Lanka and Mauritius

Context: India’s Unified Payment Interface (UPI) services will be launched in Sri Lanka and Mauritius on February 12, 2024. Relevance: GS3-Indian Economy Dimensions of the Article: About UPI: About the National Payments Corporation of India (NPCI): Positive Impacts of UPI: Negative Impacts of UPI: Way Forward: These measures can contribute to a seamless and secure […]

The Impact and Evolution of Insolvency and Bankruptcy Code 2016

Context: The enactment of the Insolvency and Bankruptcy Code (IBC) in 2016 represents a significant turning point in recent Indian legislative history. Designed to enhance and accelerate the resolution process for financially troubled businesses, the IBC has had profound effects on India’s economic landscape and global standing. Relevance: GS3- Indian Economy GS2- Government Policies & Interventions […]

Monetary Policy Committee’s Recent Stance

Context: The RBI’s Monetary Policy Committee (MPC) has judiciously chosen to adhere to its goal of ‘ensuring that inflation progressively aligns to the target’ by maintaining benchmark interest rates unchanged and sticking to its ‘withdrawal of accommodation’ stance. With a 5-1 majority, the MPC has committed to maintaining a clearly disinflationary monetary policy to anchor inflation expectations, […]

FDI in Defence Sector

Focus: GS-III: Indian Economy (Growth and Development of Indian Economy, External Sector) Why in News? As per the information provided by the Defence Minister, so far, Rs 5,077 crore worth of FDI has been reported by companies operating in the defence sector. Details: About Foreign Direct Investment (FDI) FDI in India FDI Routes in India […]

About FAME India Scheme

Focus: GS III- Indian Economy (Infrastructure) Why in News? The Ministry of Heavy Industries has increased the scheme outlay of FAME India scheme Phase II from ₹10,000 crore to ₹11,500 crore. About FAME-II Revamped FAME-II scheme