Asian Infrastructure Investment Bank (AIIB)
Focus: GS-III: Indian Economy (International Institutions), GS-II: International Relations Why in News? Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the 7th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB). Every year at the Annual Meeting, the Board of Governors meets to take key decisions on important […]
India Post Payments Bank
Focus: GS III- Indian Economy Why in News? India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (RBIH) have come together to focus their efforts on enhancing the reach of financial solutions to large sections of society across India and enabling frictionless finance to a billion Indians. Details: The collaboration between IPPB and RBIH will […]
Geographical Indication (GI) Tag
Context: The Embassy of Japan, New Delhi, has filed an application seeking Geographical Indication (GI) tag for nihonshu/Japanese sake, an alcoholic beverage. It is learnt that this is the first time a product from Japan has filed for a tag at the Geographical Indication Registry in Chennai. Relevance: GS III: Indian Economy Dimensions of the Article: […]
The HDI Report From Fact Lens
Context According to the most recent Human Development Index (HDI) reading released by UNDP, India is ranked 132. The article examines the flaws in the HDI number computation methodology and suggests future corrections. Relevance GS Paper 3: Economy: Human Development Mains Question Despite consistent high growth, India continues to have the lowest indicators of human development. […]
Digital Banking Brings Banks To The Poor
Context Prime Minister Modi used video conferencing to dedicate 75 Digital Banking Units (DBU) across 75 districts to the nation. Relevance GS Paper – 3 : Mobilization of Resources, Growth & Development, Banking Sector & NBFCs, Inclusive Growth Mains Question The Pradhan Mantri Jan Dhan Yojana (PMJDY) is required to bring the unbanked into the fold […]
NHAI’s Infra Investment Bonds
Context: Road Transport and Highways Minister tweeted a video about the National Highways Infra Trust (NHAI InvIT) bonds, which he said will offer an effective return of 8.05% per annum. Relevance: GS III: Indian Economy Dimensions of the Article: What is NHAI’s InvIT? What are InvITs? What is NHAI’s InvIT? NHAI InvIT is the infrastructure […]
Global Multidimensional Poverty Index
Context: About 41.5 crore people exited poverty in India during the 15-year period between 2005-06 and 2019-21, out of which two-third exited in the first 10 years, and one-third in the next five years, according to the global Multidimensional Poverty Index (MPI). Relevance: GS III: Indian Economy (Growth and Development) Dimensions of the article: What […]
Digital Banking Units
Focus: GS III: Indian Economy Why in News? Recently, the Prime Minister of India has dedicated 75 Digital Banking Units (DBU) across 75 districts to the nation. About Digital Banking Units A digital banking unit is a specialized fixed point business unit or hub, housing a certain minimum digital infrastructure for delivering digital banking products […]
Decline in Forex Reserves
Context According to the Reserve Bank of India (RBI), India’s forex reserves have fallen by USD 110 billion in the last 13 months. Relevance: GS III: Indian Economy Dimensions of the Article: What are forex reserves? What does the RBI do with the forex reserves? Current Scenario Causes of Declining Forex Reserves What are forex […]
Pilot launch of E-Rupee
Context: The Reserve Bank of India (RBI) has indicated that it will soon commence limited pilot launches of e-rupee (e`), or Central Bank Digital Currency (CBDC) or digital rupee, for specific use cases. Relevance: GS III: Indian Economy Dimensions of the Article: What’s RBI’s plan? What is E-rupee? What are the forms of CBDC? What’s […]