About The Sovereign Credit Rating
Context: Global credit rating agency Fitch recently downgraded US Sovereign rating from AAA to AA+. Relevance: GS III: Indian Economy Dimensions of the Article: Sovereign Credit Rating: Significance of Sovereign Credit Rating Access to Funding for Development Projects: Attracting Foreign Direct Investment (FDI): Influencing Borrowing Costs: -Source: Indian Express
Seven Unique Indian Crafts Receive Geographical Indication Tags
Context: The Geographical Indications Registry in Chennai has awarded Geographical Indication (GI) tags to seven products from different regions of India, showcasing the country’s diverse craftsmanship. Relevance: GS III: Indian Economy Dimensions of the Article: New GI Tags for Indian Crafts: Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership […]
About The Worldcoin Project
Context: Recently, OpenAI CEO formally re-introduced Worldcoin project of his that was eclipsed by the popularity of ChatGPT. Relevance: GS III: Indian Economy Worldcoin Project: Creating a Digital Network with Human Stakeholders Proof of Personhood: Crypto Rewards and Transactions: World’s Largest Identity and Financial Public Network: Locations: Source: The Hindu
About The Electric Vehicles
Context: A crucial element of the world’s transition to becoming net-zero is electric vehicles (EVs). However, hybrid electric vehicles (EVs) present a big opportunity for economically developing countries to begin the transition instead of waiting. Relevance: GS III: Indian Economy Dimensions of the Article: Electric Vehicles (EVs): Origin and Increasing Scope in India: Types of […]
About Self-Reliant India Fund
Context: Recently, the Minister of State for Micro Small and Medium Enterprises provided valuable insights into the Self Reliant India Fund during a written reply in the Lok Sabha. Relevance: GS III: Indian Economy Dimensions of the Article: Self-Reliant India (SRI) Fund: Boosting MSME Growth and Innovation Objectives of the SRI Fund: Composition of the […]
About The National Digital Nagrik Forum
Context: Recently, The Confederation of All India Traders (CAIT) announced the creation of a National Digital Nagrik Forum. Relevance: GS III: Indian Economy Dimensions of the Article: National Digital Nagrik Forum: Objectives: -Source: Indian Express
Corporate Debt Market Development Fund
Context: The Indian government has approved the Guarantee Scheme for Corporate Debt (GSCD) to offer a guarantee cover for the debt raised by the Corporate Debt Market Development Fund (CDMDF). The CDMDF’s objective is to stabilize the corporate bond market during periods of stress. SEBI has issued guidelines for the functioning and management of the […]
Resource Efficiency Circular Economy Industry Coalition
Context: The Union Minister of Environment, Forest, and Climate Change launched the Resource Efficiency Circular Economy Industry Coalition (RECEIC). As part of this, 39 multinational corporations (MNCs) from various sectors came together to pledge to adopt resource efficiency and circular economy principles. Relevance: GS III: Indian Economy Dimensions of the Article: Resource Efficiency Circular Economy […]
India Energy Security Scenarios (IESS) 2047 V3.0
Focus: GS III: Indian Economy Why in News? NITI Aayog unveiled the latest version of the India Energy Security Scenarios (IESS) 2047 V3.0, an open-source tool designed to evaluate the integrated impact of various green energy policies of the Government of India. Key Features and Functionality of IESS 2047 V3.0: India’s Panchamrit Goal:
Roadmap of Solar Energy for Universal Energy Access
Context: The Ministry of New and Renewable Energy (MNRE) and the International Solar Alliance jointly revealed the ‘Roadmap of Solar Energy for Universal Energy Access’ report during India’s G20 presidency in 2023. The report highlights the significant contribution of solar energy in achieving electricity access and delivering socio-economic advantages on a global scale. It centers […]