National Level Multistate Cooperative Export Society
Focus: GS III: Indian Economy Why in News? The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, has approved the setting up and promotion of a National Level multistate cooperative export society under the Multi State Cooperative Societies (MSCS) Act, 2002. About National Level Multistate Cooperative Export Society Benefits What are multi-State cooperatives?
What Are Sovereign Green Bonds?
Context: Recently, the Reserve Bank of India (RBI) announced that it will, for the first-time, issue Sovereign Green Bonds (SgrBs) worth Rs 16,000 crore, in two tranches of Rs 8,000 crore each in the current financial year. The RBI said it will issue 5-year and 10-year green bonds of Rs 4,000 crore each on January […]
Small Savings Schemes
Context: Amid rising yields on government securities, the Finance Ministry recently hiked the interest rates for some small savings schemes by 20-110 basis points for the January-March quarter. While the hike will serve as protection against high inflation and interest rates, the small savings rates are still below desired levels. Relevance: GS III- Indian Economy […]
What is Purchasing Managers’ Index
Context: As per the S&P Global India Manufacturing Purchasing Managers’ Index (PMI), the manufacturing sector in India had its most significant production growth in 13 months in December 2022. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources) Dimensions of the Article: What is Purchasing Managers’ Index (PMI)? Understanding PMI -Source: […]
Systemically Important Banks
Context: State Bank of India, ICICI Bank, and HDFC Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India (RBI). Relevance: GS III: Indian economy Dimensions of the Article: What are Systemically Important Banks (SIBs)? Types of SIBs How are D-SIBs determined? What regulations do these banks need […]
Crypto Awareness Campaign
Context: The Investor Education and Protection Fund (IEPF) will launch an outreach programme soon to create awareness of cryptocurrencies. Relevance: GS III- Indian Economy Dimensions of the Article: What are cryptocurrencies? How are they different from actual currency? How do cryptocurrencies derive their value? What is the state of cryptocurrency right now? What are the […]
Supreme Court’s Verdict on Demonetisation
Context: Recently, A majority of four judges on a Constitution Bench of the Supreme Court found no flaw in the Union government’s process to demonetise ₹500 and ₹1,000 banknotes through a Gazette notification issued on November 8, 2016. Relevance: GS-III: Indian Economy (Fiscal Policy, Government Policies and Initiatives) Dimensions of the Article: What is the […]
Unified Payments Interface
Focus: GS III: Indian Economy Why in News? The Prime Minister has lauded fellow Indians for embracing digital payments as India reached a milestone of 782 Crore UPI Transactions worth ₹12.8 Lakh Crore in Dec 2022. What is Unified Payments Interface (UPI)? National Payments Corporation of India
What Is A Bad Loan?
Context: Recently, Finance Minister told Parliament that banks had written off bad loans worth ₹10,09,511 crore during the last five financial years. Relevance: GS III: Indian Economy Dimensions of the Article: What is a loan write-off? Why do banks resort to write-offs? What is a bad loan? NPA recognition Why is there a need to […]
Vibrant Village Programme
Context: Union Home Minister said that borders can be permanently secured only when border villages are populated by patriotic citizens who are concerned for the country, asking the border-guarding forces to use the Vibrant Village Programme (VVP) for the same. Relevance: GS III- Indian Economy (Infrastructure) Dimensions of the Article: About Vibrant Village Programme Focus […]