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: […]
Gig Economy Social Security
Context Relevance: GS Paper2 : Government policies and Intervention Mains Question How might the Social Security Code of 2020 (2020) help meet the social security needs of gig workers? (250 Words) Understanding Gig Workers and the Gig Economy Gig Economy in India Challenges Gig Workers Face When Trying to Access Social Security: Main Obstacles to […]
National Time Release Study (NTRS) 2023 Report
Context: Recently, the chairman of the Central Board of Indirect Taxes and Customs (CBIC) along with other Members of the Board released the National Time Release Study (NTRS) 2023 report. Relevance: GS III: Indian Economy Dimensions of the Article: National Time Release Study (NTRS) 2023 Some highlights from the report: -Source: The Hindu
Stock Limits on Wheat and Pulses
Context: The Ministry of Consumer Affairs, Food & Public Distribution has recently implemented restrictions on the quantity of wheat that traders, wholesalers, retailers, big chain retailers, and processors can stock. These measures aim to ensure food security and prevent hoarding and unfair speculation. Additionally, the ministry has invoked the Essential Commodities Act (ECA), 1955 to […]
India Infrastructure Project Development Fund Scheme
Focus: GS III: Indian Economy Why in News? Recently, to promote the Digital India initiative of the Government of India, the Infrastructure Finance Secretariat has launched the IIPDF Portal for submitting applications for consideration under IIPDF Scheme. About IIPDF Scheme: Details: Objectives:
Global Digital Public Infrastructure
Context: The third meeting of the G20 Digital Economy Working Group (DEWG) commenced in Pune, Maharashtra with the inauguration of the Global DPI (Digital Public Infrastructure) Summit and Exhibition. Relevance: GS III: Indian Economy Dimensions of the Article: Details About Digital Public Infrastructure Digital Public Infrastructure (DPI) is a collection of platforms and systems that […]
About The Cooperative Banks
Context: To strengthen 1,514 urban co-operative banks, the Reserve Bank India has notified four key measures, including giving them two years more to meet the priority sector lending targets. Relevance: GS-III: Indian Economy (Banking) Dimensions of the Article: Key Measures taken by RBI: Opening new branches for Urban Cooperative Banks (UCBs): One-Time Settlement for UCBs: […]