Automated Return Scrutiny Module E-Invoice
Context: The Government has recently reduced the limit for businesses to generate e-Invoice for Business-to-Business (B2B) transactions from Rs 10 crore to Rs 5 crore. Additionally, the government has rolled out the Automated Return Scrutiny Module (ARSM). Relevance: GS III: Indian Economy Dimensions of the Article: Automated Return Scrutiny Module (ARSM) Key Features: Current Implementation: […]
Gaps in the AePS Transaction Model
Context: A popular YouTuber, in a Twitter thread, shared how his mother’s bank account was drained using an Aadhaar-linked fingerprint without needing a two-factor authentication. Relevance: GS III: Indian Economy Dimensions of the Article: What is AePS? Is AePs enabled by default? How is biometric information leaked? How to secure your Aadhaar biometric information: -Source: […]
India Is Unfairly Rated
Context Relevance: GS Paper-3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development, and Employment Mains Question For their inaccurate assessment of India’s sovereign rating, credit rating firms have come under fire. Describe the elements that support a higher rating for India and the necessity for credit rating companies to modify their procedures […]
Report on Optimal Generation Mix 2030 Version 2.0
Context: Recently, The Central Electricity Authority (CEA) has released an updated report titled Report on Optimal Generation Mix 2030 Version 2.0. Relevance: GS III: Indian Economy (Minerals and Energy resources) Dimensions of the Article: Key highlights: The report highlights the changes expected in India’s energy mix, with a decline in coal’s share and a rise […]
RBI Gold Reserves
Context: The Reserve Bank of India’s (RBI) gold reserves touched 794.64 metric tonnes in fiscal 2023, an increase of nearly 5 per cent over fiscal 2022, when it held 760.42 metric tonnes of gold. Relevance: GS III: Indian Economy Dimensions of the Article: RBI Gold Reserves: Total and Recent Purchases Total Reserves: Recent Purchase: RBI’s […]
India’s Coal Imports Surge
Context: India’s coal imports increased by 30 per cent to 162.46 million tonnes in the 2022-23 financial year against 124.99 MT in the year-ago period Relevance: GS-III Indian Economy, Industry and Infrastructure Dimensions of the Article: Key points: What is Coal? Coal is divided into two groups in India: Types of Coal It can be […]
Navratna Status of Rail Vikas Nigam Limited (RVNL)
Context: Rail Vikas Nigam Limited (RVNL), a Central Public Sector Enterprise under the Ministry of Railways, has been granted Navratna status. Relevance: GS III: Indian Economy Dimensions of the Article: About Rail Vikas Nigam Limited (RVNL): What is Navratna status and how does it benefit RVNL? What was RVNL’s previous status and when did it receive […]
New President of World Bank
Context: Indian origin Ajay Banga was confirmed as the next President of World Bank. Relevance: GS III: Indian Economy Dimensions of the Article: Leadership of the World Bank: Key Points About World Bank World Bank Group Introduction to the 5 organizations of World Bank Group -Source: The Hindu
ESMA’s Derecognition of Indian CCPs
Context: The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator, has derecognized six Indian Central Counterparties (CCPs) from April 30, 2023, in accordance with the European Market Infrastructure Regulation (EMIR). Relevance: GS III: Indian Economy Dimensions of the Article: Why has ESMA Derecognized Indian CCPs? Impact of ESMA’s derecognition of Indian […]
Karnataka tops the National Manufacturing Innovation Survey
Context: Karnataka has emerged as the most innovative state in India according to the National Manufacturing Innovation Survey (NMIS) 2021-22, Relevance: GS III: Indian Economy, Facts for Prelims About National Manufacturing Innovation Survey -Source: The Hindu