About the World Investment Report 2023
Context: Recently, the United Nations Conference on Trade and Development (UNCTAD) published its World Investment Report 2023. Relevance: GS II: Indian Economy Dimensions of the Article: Highlights of the report: About the United Nations Conference on Trade and Development (UNCTAD): Source: The Economic Times
About Internationalisation of The Rupee
Context: India is aiming to make the rupee a global currency. Pushing for a roadmap towards the internationalisation of the rupee, the Reserve Bank of India’s (RBI) inter-departmental group (IDG) said with India remaining one of the fastest-growing countries and showing remarkable resilience in the face of major headwinds, the rupee has the potential to become an […]
About The Small Finance Banks
Context: The Reserve Bank of India (RBI) has recently announced its decision to reject three applications for setting up Small Finance Banks as these applications were found not suitable for granting of in-principle approval to set up SFBs. RBI received approximately a dozen applications under the guidelines for ‘on-tap’ Licensing of Universal Banks and SFBs. Relevance: GS III: Indian Economy Dimensions of […]
Energy Transition Index 2023
Context: Recently, the World Economic Forum (WEF) has ranked India at the 67th place globally on its Energy Transition Index (ETI). Relevance: GS III: Indian Economy Dimensions of the Article: Energy Transition Index: Key highlights of the Energy Transition Index Contributors to India’s energy transition progress: Concerns and challenges: Recommendations: About World Economic Forum (WEF) […]
About The Industrial Park Rating System
Focus: GS III: Indian Economy Why in News? Recently, Department for Promotion of Industry and Internal Trade (DPIIT) successfully organized the National Workshop on Industrial Park Rating System in New Delhi. About the Industrial Park Rating System (IPRS):
About The Greedflation
Context: Recently, there has been an increasing consensus in Europe and US that Greedflation is driving the rising cost of living rather than just Inflation. Relevance: GS III: Indian Economy Dimensions of the Article: What is inflation — and disinflation, deflation and reflation? Inflation: Disinflation: Deflation: Reflation: Causes of Inflation: Cost-Push Inflation: Demand-Pull Inflation: Solving […]
Geographical Indication (GI) tags
Context: Uttar Pradesh, known for its rich cultural heritage and traditional crafts, has recently seen seven of its distinctive products being granted Geographical Indication (GI) tags by the Geographical Indications Registry in Chennai. Relevance: GS III: Indian Economy Dimensions of the Article: Seven Products from Uttar Pradesh with GI Tag: Amroha Dholak: A Musical Marvel […]
About Solar Mean Magnetic Field (SMMF)
Context: Scientists from the Indian Institute of Astrophysics (IIA) have conducted a study that sheds light on the impact of the sun’s magnetic field on the interplanetary magnetic space. This research has brought them closer to identifying the source of the Solar Mean Magnetic Field (SMMF), as recognized by the Department of Science and Technology. […]
Liberalised Remittance Scheme (LRS)
Context: Twenty per cent tax on Liberalised Remittances Scheme (LRS) of the Reserve Bank of India is set to kick off soon. Relevance: GS III: Indian Economy Dimensions of the Article: Key Highlights: Existing Mechanism: Changes Made: Budget 2023-24 and TCS Provisions: Liberalised Remittance Scheme (LRS): Introduction and Eligibility: Remittance Limit and Frequency: Permissible Usage […]
Negative Consequences of Inefficient Subsidies: A World Bank Report
Context: The World Bank has released a report emphasizing the detrimental effects of inefficient subsidies in the agriculture, fishing, and fossil fuel sectors. Relevance: GS III: Indian Economy Dimensions of the Article: Negative Consequences of Inefficient Subsidies: Major Report Highlights Fossil Fuel Subsidies: Agricultural Subsidies: Fisheries Subsidies: Positive Impacts of Subsidies in Various Sectors Agriculture: […]