RBI’s Aspirational Goals for India’s Fast-Growing Economy
Context: Recently, the Reserve Bank of India (RBI) has outlined several aspirational goals in preparation for India’s fast-growing economy, aiming to be “future-ready” by the time it reaches its centenary year, RBI@100. Relevance: GS III: Indian Economy Dimensions of the Article: What are the Aspirational Goals of RBI? Capital Account Convertibility: Non-Resident Transactions: Digital Payment […]
About Duty Drawback Scheme
Context: The Central Board of Indirect Taxes and Customs (CBIC) recently started automatic electronic payment of duty drawback amounts directly into exporters’ bank accounts. Relevance: GS III: Indian Economy Dimensions of the Article: About Duty Drawback Scheme Key Facts about Central Board of Indirect Taxes and Customs (CBIC) -Source: The Hindu
Household Consumption Expenditure Survey
Context: Recently, the detailed report of Household Consumption Expenditure Survey (HCES) 2022-23 was released by Ministry of Statistics and Programme Implementation (MoSPI). Relevance: GS III: Indian Economy Dimensions of the Article: What is the Household Consumption Expenditure Survey? Highlights of the Recent Household Consumption Expenditure Survey National Statistical Office (NSO): -Source: Indian Express
About Pump and Dump Scheme
Context: The Securities Exchange Board of India’s (SEBI) recently slapped a fine of Rs 7.75 crore on 11 individuals for allegedly operating a ‘pump and dump’ scheme. Relevance: GS III: Indian Economy About Pump and Dump Scheme: How Pump and Dump Schemes Work: Impact: *Under the SEBI guidelines, pump and dump schemes are entirely prohibited. […]
Public Sector Banks Issue Look-out Circulars
Context: Since 2018, six Public Sector Banks (PSBs) have issued 1,071 Look-out Circulars (LOCs) to prevent wilful defaulters from absconding to other countries. Relevance: GS III: Indian Economy Dimensions of the Article: What is a Look-Out Circular (LOC)? Issuance and Validity Maintenance and Action Power of Public Sector Banks (PSBs) About Wilful Defaulter: Criteria for […]
About Bank Clinic
Context: The All India Bank Employees’ Association (AIBEA) has launched the “Bank Clinic” initiative to assist bank customers with grievance redressal. Relevance: GS III: Indian Economy About Bank Clinic How It Works Benefits What is AIBEA? -Source: Economic Times
Persistent Underrepresentation of Women in Indian Corporate Leadership
Context: A recent report titled “Women in Leadership in Corporate India” by a networking platform has highlighted the persistent underrepresentation of women in leadership positions across Indian corporates. The percentage of women in these roles has remained stagnant below 30% for a considerable period. Relevance: GS III: Indian Economy Dimensions of the Article: Report Findings […]
Adani Group Accused of Mislabeling Coal Quality in 2014
Context: A recent report by the Organized Crime and Corruption Reporting Project alleges that in 2014, the Adani Group falsely labeled low-grade Indonesian coal as high-quality, inflating its value before selling it to Tamil Nadu’s power generation company, TANGEDCO. The reporting project is backed by billionaire hedge fund manager and philanthropist, George Soros. Relevance: GS […]
Pre-Packaged Insolvency Resolution Process
Context: The Pre-packaged Insolvency Resolution Process (PPIRP) has resulted in the full settlement of operational creditors’ claims in five cases. Relevance: GS III: Indian Economy About Pre-packaged Insolvency Resolution Process: Introduction: Purpose: Process: Initiation: Significance: -Source: The Economic Times
Reflecting on the 1991 Indian General Elections Amid 2024 Preparations
Context: As India prepares for the 2024 general election, it is crucial to reflect on the pivotal 1991 Indian general elections, which marked a significant turning point in the country’s history. These elections brought about profound political and economic changes, driven by the leadership of PV Narasimha Rao and the impactful electoral reforms led by […]