About Goan Cashew
Context: Recently, Goan cashew (kernel) got the geographical indication (GI) tag. Relevance: GS III: Indian Economy Dimensions of the Article: Cashew in India Climatic Conditions Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry: -Source: Indian Express
GI tag for Arunachal Yak Churpi
Context: Arunachal Pradesh has recently received the Geographical Indication (GI) tag for Arunachal Yak Churpi, Khaw Tai (Khamti rice), and Tangsa textile. Relevance: GS III: Indian Economy Dimensions of the Article: Unique Characteristics of Arunachal Yak Churpi: Distinctive Features of Khaw Tai (Khamti Rice): Special Characteristics of Tangsa Textile: Geographical Indications (GI) Tag Definition and Importance: Administration and […]
RBI’s Decision in the Recent MPC Meeting: Keeping Repo Rate Unchanged
Context: Recently, Reserve Bank of India (RBI) in its bimonthly Monetary Policy Committee (MPC) Meeting has retained benchmark interest rates unchanged for the 4th time in a row. The MPC kept the policy Repo Rate Unchanged at 6.50%. Relevance: GS III: Indian Economy Dimensions of the Article: Key Takeaways from the MPC Meeting In the most recent MPC (Monetary Policy Committee) meeting, several […]
Outcome GST Council Meeting
Context: The GST Council, on the last Saturday, addressed numerous ambiguities in tax treatment that have persisted since the launch of the indirect tax regime in July 2017. Relevance: GS3-Economy Mains Question: Stressing on the outcomes of the recent GST Council meeting, analyse what more can be done to address the concerns that still hamper the […]
Periodic Labour Force Survey (PLFS)
Context: The recent Periodic Labour Force Survey (PLFS) has reported that the unemployment rate in the country has shown a decrease between April and June 2023. Relevance: GS III: Indian Economy Dimensions of the Article: Key Findings on Labour Force Participation and Worker-Population Ratio: Definition of Unemployment: Measurement of Unemployment Rate: Periodic Labour Force Survey […]
Yak Churpi: A Dairy Product from Arunachal Pradesh
Context: In a significant milestone for the northeastern state of Arunachal Pradesh, the unique and culturally significant yak milk product, ‘Yak Churpi,’ has been granted the coveted Geographical Indication (GI) tag. Relevance: GS III: Indian Economy Dimensions of the Article: Yak Churpi: A Dairy Product from Arunachal Pradesh Yak Breed in Arunachal Pradesh: Nature of […]
National Investment and Infrastructure Fund
Context: Recently, the National Investment and Infrastructure Fund has entered into a collaboration with Japan Bank for International Cooperation (JBIC) to unveil a $600 million India-Japan Fund. Relevance: GS III: Indian Economy Dimensions of the Article: What is NIIF? Types of funds in NIIF Functions of NIIF -Source: The Hindu
Insurance Surety Bonds
Context: Recently, some of the leading general insurers like New India Assurance, SBI General Insurance etc. have announced their plans to issue Surety Bonds, but nobody has been able to do so due to lack of supporting elements. Relevance: GS III: Indian Economy Dimensions of the Article: Insurance Surety Bonds: Parties Involved: Advantages of Insurance […]
Alarming Trends in Global Debt
Context: Global debt has reached a historic high of $307 trillion in the second quarter of 2023, marking a significant increase of approximately $100 trillion over the past decade. Additionally, global debt as a percentage of Gross Domestic Product (GDP) is on the rise again, reaching 336%, following a previous decline that spanned seven consecutive […]
India Post Payments Bank
Context: Recently, the customers of India Post Payments Bank have been receiving an SMS claiming that their accounts will be blocked if they fail to update their PAN card details, which the Press Information Bureau called fake. Relevance: GS III- Indian Economy About India Post Payments Bank (IPPB)