World’s Largest Grain Storage Plan in the Cooperative Sector
Context: The Union Cabinet has given its approval for the establishment of the “world’s largest grain storage plan in the cooperative sector” with an outlay of around Rs 1 lakh crore. Relevance: GS III: Indian Economy Dimensions of the Article: Major Highlights Related to Grain Storage Plan: Objectives: Focus on Agricultural Infrastructure: Convergence of Schemes: […]
Li-ion Battery Recycling Technology
Focus: GS III: Indian Economy Why in News? Recently, the Ministry of Electronics and Information Technology (MeitY) transferred cost-effective Lithium-ion battery recycling technology to nine recycling industries and start-ups. About Li-ion battery recycling technology: About Lithium: Occurrence: Uses: Lithium has a range of industrial applications, including:
Carbon Border Adjustment Mechanism
Context: Relevance: GS Paper 3: Climate change, Sustainable Economy Mains Question Examine India’s worries about the CBAM and its potential for discrimination and trade protectionism. How might these issues be resolved within the World Trade Organisation (WTO) framework? (150 Words) Understanding CBAM: WTO Consistency: Implications for the India-EU FTA: Higher Tariffs and Carbon Intensity: Risk […]
What is Purchasing Managers Index
Context: Rising from 57.2 in April to 58.7 in May, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose to a 31-month high. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources) Dimensions of the Article: What is Purchasing Managers’ Index (PMI)? Understanding PMI -Source: The Hindu
About The Small Finance Banks
Context: The Reserve Bank of India (RBI)-appointed director, recently resigned from the board of Ujjivan Small Finance Bank (SFB). Relevance: GS III: Indian Economy Dimensions of the Article: About Small Finance Banks (SFBs): Regulation Small Finance Banks are governed by the provisions of the: RBI Guidelines on SFBs in India: Source: India Today
CIBIL (Credit Information Bureau (India) Limited) score
Context: The Kerala High Court recently held that an application for education loan by a student could not be rejected on the ground of a low CIBIL (Credit Information Bureau (India) Limited) score. Relevance: GS III: Indian Economy Dimensions of the Article: About CIBIL (Credit Information Bureau (India) Limited) score: How is CIBIL Score calculated? […]
About The Evergreening of loans
Context: Recently, Reserve Bank of India Governor, while addressing bank board, raised concerns over banks using innovative methods for evergreening of loans. Relevance: GS III: Indian Economy Dimensions of the Article: Evergreening methods used by Banks, as highlighted by the RBI Governor: Evergreening of loans Reasons for financial institutions engaging in the evergreening of loans: […]
RBI’s ‘Lightweight’ Payments System
Context: The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlements system, which it is calling a “bunker” equivalent of digital payments, which can be operated from anywhere by a bare minimum staff in exigencies such as natural calamities or war. Relevance: GS III: Indian Economy Dimensions of the Article: Details: Reasons […]
About Periodic Labour Force Survey (PLFS)
Focus: GS III: Indian Economy Why in News? According to the recent periodic labour force survey, the urban unemployment rate dipped further in the January to March 2023 quarter. Key Points: Periodic Labour Force Survey (PLFS) Overview: Objectives: Indicators: The PLFS focuses on estimating the following indicators: Current Weekly Status (CWS): Conducting Authority: Types of […]
What Is Rice Fortification?
Context India’s pilot studies on rice fortification showed that nutritional anaemia could be reduced, with a significant drop in the prevalence of anaemia among schoolchildren, according to a United Nations report. Relevance: GS III- Indian Economy, Public distribution system Dimensions of the Article: What is rice fortification? Need of rice fortification What are the standards […]