First Loss Default Guarantee (FLDG) system
Context: Two months after the RBI issued guidelines on digital lending, banks, NBFCs and fintech players are still awaiting clarity on many aspects, including the First Loss Default Guarantee (FLDG) system. Relevance: GS III: Indian Economy Dimensions of the Article: What is FLDG System? Issues with FLDGs -Source: The Hindu
UPI Market Cap Deadline
Context: The National Payments Corporation of India (NPCI) has extended by two years the deadline to comply with its 30 per cent cap on the market share of platforms operating on the Unified Payments Interface (UPI). Relevance: GS III: Indian Economy Dimensions of the Article: What is Unified Payments Interface (UPI)? Why did NPCI extend […]
The New Economic Growth Data
Context Relevance GS Paper 3: Economic growth Mains Question “The MSMEs sector is referred to as the Indian economy’s growth engine.” In light of this statement, discuss the challenges and solutions facing India’s MSMEs sector. (250 words) Before proceeding to data, key terminologies must be understood. Key findings from recently released data Optimistic outlook Far […]
Central Bank Digital Currency
Context: Reserve Bank of India (RBI) has announced the launch of India’s much-awaited Central Bank Digital Currency (CBDC), a sort of official cryptocurrency, for retail users from December 1. Relevance: GS III: Indian Economy Dimensions of the Article: What’s RBI’s plan? What is E-rupee? What are the types of e-rupee? Based on the usage and […]
International Year of Millets 2023
Focus: GS III: Indian Economy Why in News? The Union Agriculture and Farmers Welfare Minister has said the International Year of Millets (IYOM) – 2023 will provide an opportunity to increase global production, efficient processing and better use of crop rotation and promote millets as a major component of the food basket. About International Year […]
What is a loan Write-Off?
Context: Banks wrote off more than Rs 10 lakh crore in loans over the last five years, according to RBI data obtained under the Right to Information (RTI) Act. Relevance: GS III: Indian Economy Dimensions of the Article: What is a loan write-off? Why do banks resort to write-offs? -Source: Indian Express
National Investment and Infrastructure Fund
Focus: GS III: Indian Economy Why in News? Finance Minister has urged the National Investment and Infrastructure Fund (NIIF) to expand its operations and explore ways to crowd in private capital for projects under the National Infrastructure Pipeline, PM Gati Shakti and National Infrastructure Corridor. What is NIIF? Types of funds in NIIF Functions of NIIF
India To Invest In Urban Infrastructure
Context Relevance GS Paper 3: Economy, Infrastructure Mains Question “Urban infrastructure is essential for the development of cities and their surrounding areas.” In light of this, consider the various reasons for the expansion of slum areas in India. Discuss various issues related to it as well. (250 Words) Report highlights include: Suggestions in the report: […]
India Is No More in USA’s Currency Monitoring List
Context Relevance GS Paper 3: Effects of liberalisation on the economy (post 1991 changes), changes in industrial policy and their effects on industrial growth, Effect of Policies & Politics of Countries on India’s Interests Mains Question What exactly is currency manipulation? What are the implications for India of being removed from the US Treasury’s currency manipulation […]
What Is The Current Account Deficit?
Context: State Bank of India has pencilled in a lower current account deficit for India at 3% for this fiscal as against the minimum consensus of 3.5%, citing rising software exports, remittances and a likely $5-billion jump in forex reserves via swap deals. Relevance: GS III- Indian Economy (Growth and Development) Dimensions of the Article: […]