What Are G-Sec Yields?
Context: Recently, the government said that it had decided to keep interest rates on small savings instruments unchanged for the July-September quarter, defying expectations of a hike in rates given the sharp rise in government security (G-sec) yields over the last three months. Relevance: GS III- Indian Economy Dimensions of the Article: What are G-Sec […]
Small Savings Schemes
Context: Recently, the government kept interest rates unchanged on Small Savings Schemes, including NSC (National Savings Certificate) and PPF (Public Provident Fund), for the second quarter of 2022-23 amid high inflation and rising interest rate. The interest rate on small savings schemes has not been revised since the first quarter of 2020-21. Relevance: GS III- Indian […]
Self-Help Groups (SHGs)
Context: Government is aiming at raising the annual income of each woman in Self-Help Groups (SHGs) to Rs 1 lakh by 2024. Relevance: GS III- Indian Economy Dimensions of the Article: What are SHGs? General Issues related to SHGs Socio-Cultural Hurdles in Penetration of SHGs in Rural Areas Measures Taken by the Government to Promote […]
The Free Fall of The Rupee
Context: The Indian rupee hit an all-time low against the U.S. dollar this week weakening past the 79 rupees to a dollar mark and selling as low as 79.05 against the dollar. Relevance: GS III- Indian Economy Dimensions of the Article: What is happening with the rupee? What determines the rupee’s value? What is Currency […]
Govt. Hikes GST For Household Items
Context: The Goods and Services Tax (GST) Council has decided to hike and lower GST on certain commodities. Relevance: GS III- Indian Economy Dimensions of Article: Details What is GST? What are GST Slabs? Details From July 18, tax hikes will kick in for over two dozen goods and services, ranging from unbranded food items, […]
Primary Agricultural Credit Society
Context: The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to digitise around 63,000 primary agricultural credit societies (PACS). Relevance: GS III- Indian Economy Dimensions of the Article: About primary agricultural credit societies Objectives of PACS Functions of PACS Why need digitization? About primary agricultural credit societies: PACS is the smallest cooperative credit […]
GST Council
Context: The 47th meeting of the Goods and Services Tax Council began in Chandigarh, almost marking five years of the tax system coming into effect on July 1, 2017. Relevance: GS III- Indian Economy Dimensions of the Article: What is GST? GST Council What has changed this time? What is GST? GST is a destination-based […]
GST Compensation Cess
Context: The Centre has extended the time for levy of GST compensation cess by almost four years till March 31, 2026. Relevance: GS-III: Indian Economy (Taxation, Government Policies and Initiatives) Dimensions of the Article: What is GST? What is GST Compensation Cess? Issue with GST Compensation Cess What is GST? GST is a destination-based indirect […]
What Are Cooperative Banks?
Context: Recently, the Minster of Home Affairs and Cooperation has addressed a conclave, organised by the National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB), emphasising the needed Reforms for Urban Cooperative Banks (UCB). Relevance: GS-III: Indian Economy (Banking) Dimensions of the Article: What are Cooperative Banks? Structure of co-operative banks in India Importance of […]
About Open Network for Digital Commerce
Focus: GS III- Indian Economy Why in News? The Union Minister of Commerce & Industry chaired a Advisory Council Meeting of the Open Network for Digital Commerce (ONDC) initiative of DPIIT. About Open Network for Digital Commerce (ONDC) project The Open Network for Digital Commerce (ONDC) is a project which is an initiative of the […]