Unclaimed Deposits – Gateway to Access inforMation (UDGAM) Portal
Context: The Reserve Bank of India (RBI) recently launched a Centralised Web Portal, UDGAM (Unclaimed Deposits – Gateway to Access inforMation), for the public to search for their unclaimed deposits across multiple banks at one place. Relevance: GS III: Indian Economy Dimensions of the Article: Udgam Portal The Udgam Portal is a creation of the […]
About The Matti Banana
Context: The Matti banana variety, native to Kanniyakumari district was recently granted the Geographical Indication (GI) tag. Relevance: GS III: Indian Economy Dimensions of the Article: Matti Banana: A Unique Variety Matti banana is a distinctive type of banana found in Kanniyakumari, known for its distinct qualities due to the region’s specific climate and soil […]
Deflation in China: Consumer Price Index Decline in July 2023
Context: China’s National Bureau of Statistics has reported a 0.3% year-on-year decline in the Consumer Price Index (CPI) for July 2023, leading to a state of deflation in the country. Relevance: GS III: Indian Economy Dimensions of the Article: Deflation Deflation is the opposite of Inflation. It refers to a sustained and general decrease in […]
About A Vibrant Village Programme
Context: Information and Broadcasting & Sports and Youth Affairs Minister, hosted more than two hundred Sarpanches from Border Villages, under the Vibrant Villages Programme Relevance: GS III- Indian Economy (Infrastructure) Dimensions of the Article: About Vibrant Village Programme Focus areas Need of such scheme: -Source: The Hindu
NCLT Clears Zee-Sony deal
Context: The National Company Law Tribunal approved the merger of Zee Entertainment Enterprises with Culver Max Entertainment (formerly Sony Pictures Networks India). Relevance: GS III: Indian Economy Dimensions of the Article: Sony-Zee Merger: Uniting Media Giants Merger Initiation: Ownership Structure: NCLT Intervention and Challenge: NCLAT’s Verdict: National Company Law Appellate Tribunal (NCLAT) Jurisdiction and Authority: […]
RBI Monetary Policy Update
Context: On expected lines, the Reserve Bank of India (RBI) left the repo rate unchanged at 6.5% for the third time in a row amid concerns over rise in inflation. Relevance: GS III: Indian Economy Dimensions of the Article: Recent Monetary Policy and RBI Decisions: Policy Repo Rate and CRR: Incremental Cash Reserve Ratio (I-CRR): […]
Medium Term Expenditure Framework
Context: Recently, the Ministry of Finance has conveyed its inability to release the Medium Term Expenditure Framework (MTEF) statement, mandated by the Fiscal Responsibility and Budget Management (FRBM) Act of 2003. Relevance: GS III: Indian Economy Dimensions of the Article: Medium-Term Expenditure Framework (MTEF): The Medium-Term Expenditure Framework (MTEF) is a fiscal planning tool used […]
Import Restrictions on Laptops, Computers, and Components by India’s DGFT
Context: Recently, India’s Directorate General of Foreign Trade (DGFT) has announced that from November 1, 2023, it will restrict the import of laptops, computers, and their components , focusing on items under Harmonised System of Nomenclature (HSN) Code 8471. Restriction shall not be applicable to imports under baggage rules. Relevance: GS III: Indian Economy Dimensions […]
Revised Good Manufacturing Practices
Context: Recently, the government of India has directed all pharmaceutical companies to implement the Revised Good Manufacturing Practices (GMP), bringing their processes at par with Global Standards. Relevance: GS II: Indian Economy Dimensions of the Articles Good Manufacturing Practices (GMP) Addressing Key Risks: GMP focuses on minimizing various critical risks associated with pharmaceutical production, including: […]
About The Purchasing Managers Index
Context: According to S&P Global, The Services Purchasing Managers” Index (PMI) recently reached an impressive 13-year high of 62.3 in July after a three-month low in June. Highlights the sector’s resilience and its role in driving economic growth. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources) Dimensions of the Article: […]