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 […]
About The Universal Postal Union
Focus: GS III: Indian Economy Why in News? The Universal Postal Union (UPU) has announced plans to evaluate the integration of the Unified Payment Interface (UPI) with cross-border remittances using the global postal network. Benefits of Integrating UPI with UPU: About Universal Postal Union (UPU): Establishment and Structure: Membership: Role and Functions:
About The Export Preparedness Index (EPI) 2022
Context: Recently, NITI Aayog has released the 3rd edition of Export Preparedness Index (EPI) for States/UTs of India for the year 2022. Relevance: GS III: Indian Economy Dimensions of the Article: Export Preparedness Index (EPI) Features: Pillars: Sub-Pillars: Considers 10 sub-pillars that contribute to export promotion: Key Highlights of EPI 2022: Top Performing States: Tamil […]
About The Advance Authorisation Scheme
Focus: GS III: Indian Economy Why in News? Recently, the Directorate General of Foreign Trade (DGFT) implemented the Advance Authorisation Scheme under the Foreign Trade Policy, which allows duty-free import of inputs for export purposes. Advance Authorisation Scheme: Eligibility: Duty Exemption:
National Multidimensional Poverty Index
Context: According to the ‘National Multidimensional Poverty Index: A Progress Review 2023, India has registered a significant decline of 9.89 percentage points in the number of multidimensionally poor, from 24.85% in 2015-16 to 14.96% in 2019-2021. Relevance: GS III: Indian Economy Dimensions of the Article: Key Findings on Multidimensional Poverty: Decline in Poverty: States with […]
What are Non Fungible Tokens?
Context: NFTs are gaining massive popularity now because they are becoming an increasingly popular way to showcase and sell digital artwork. Relevance: GS III- Indian Economy (Money and Banking) Dimensions of the Article: What are Non fungible tokens( NFTs)? Who can buy NFTs? How do NFTs work? Difference between NFT and cryptocurrency NFTs and cryptocurrencies […]
Social Trailblazer Programme & Social Entrepreneurship
Context: The Union Minister of Skill Development & Entrepreneurship, while addressing a Social Enterprise Conclave organized by Institute of Rural Management, Anand (IRMA) in partnership with LIC Housing Finance Limited has launched the 2nd edition of the Social Trailblazer Program, aiming to boost the Social Entrepreneurship Ecosystem in India. Relevance: GS III: Indian Economy Dimensions of the Article: Social Trailblazer Programme: Objectives: […]