National Cooperative Exports Limited (NCEL)
Context: Recently, the Union Minister of Cooperation informed the Lok Sabha about the National Cooperative Exports Limited. Relevance: GS III: Indian Economy Dimensions of the Article: About the National Cooperative Exports Limited (NCEL): Types of Members: Ordinary Members: Nominal or Associate Member: -Source: The Hindu, PIB
Alternative Investment Fund
Context: The Reserve Bank of India (RBI) has issued a directive to Regulated Entities (REs), including banks, non-banking financial companies (NBFCs), and other lenders, prohibiting them from investing in alternative investment funds (AIFs) schemes that have downstream investments in debtor companies. This move is aimed at addressing concerns related to the evergreening of stressed loans. […]
Coal Market Outlook: A Structural Shift by 2026
Context: The International Energy Agency (IEA) projects a substantial decline in global coal demand by 2026, attributing this shift to the expansion of renewable energy and increased nuclear generation in key regions. Relevance: GS III: Energy Dimensions of the Article: Key Highlights of the Coal Market Report Global Coal Demand Trends: Anticipated Decline in Coal […]
What is a Social Stock Exchange?
Context: Recently, the Unnati Foundation became the first entity to list on the social stock exchanges (SSE). Relevance: GS III: Indian Economy Dimensions of the Article: What is a Social Stock Exchange? Eligibility -Source: Indian Express
Countervailing Duties Imposed on Indian Products
Context: The United States and the European Union have levied countervailing duties (CVDs) on four Indian products in response to the introduction of the Remission of Duties and Taxes on Export Products (RoDTEP) scheme for outbound shipments in January 2021. The U.S. concluded countervailing investigations, resulting in CVD determinations for items such as paper file […]
Anarcho-Capitalism in Spotlight
Context: The term “anarcho-capitalism” has garnered recent attention, notably following Javier Milei’s electoral triumph in Argentina. Milei, a self-proclaimed anarcho-capitalist, advocates for the abolition of the state, proposing a system where private companies manage law and order within a free market. Relevance: GS III: Indian Economy (Capitalism) Dimensions of the Article: Anarcho-Capitalism: A Political and […]
Warning on Fiscal Burden from Return to Old Pension Scheme
Context: The Reserve Bank of India (RBI) has issued a report titled “State Finances: A Study of Budgets of 2023-24,” expressing concern over the financial strain imposed by a return to the Old Pension Scheme (OPS) by some states. The report highlights that such a move would significantly burden state finances, limiting their capacity for […]
Calibrating a Strategy for India’s Future Growth
Context: India’s growth for the fiscal year 2023-24 is currently estimated at 7% by the Reserve Bank of India, while the International Monetary Fund (IMF) and the World Bank have set it at 6.3%. Looking ahead, the IMF forecasts an annual growth of 6.3% up to 2028-29. India’s future growth strategy needs to be adjusted considering changing global […]
What are Critical Minerals?
Context: Twenty blocks of critical minerals are currently on auction for commercial mining by the private sector. The bidding process began on November 29, and bids can be submitted until January 22 next year. Relevance: GS III- Indian Economy Dimensions of the Article: What are Critical Minerals? Why is this resource critical? What is China […]
Lakadong Turmeric and Curcumin
Context: Recently, Meghalaya’s Lakadong turmeric has been awarded the Geographical Indication (GI) tag. Relevance: GS III: Indian Economy Dimensions of the Article: Lakadong Turmeric and Curcumin Lakadong Turmeric Curcumin Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry: -Source: The Hindu