Employees Provident Fund Organisation (EPFO)
Focus: GS III- Indian Economy Why in News? Union Minister for Labour & Employment, Environment, Forest & Climate Change inaugurated the 70th Foundation Day of EPFO held at Dr. Ambedkar International Centre, New Delhi. About Employees’ Provident Fund Organisation (EPFO) Nodal: Ministry of Labour & Employment Employees Pension Scheme (EPS): Main features:
Everything About Index of Eight Core Industries
Focus: GS III- Indian Economy Why in News? The combined Index of Eight Core Industries increased by 7.9 per cent (provisional) in September 2022 as compared to the Index of September 2021. About Index of Eight Core Industries: The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). […]
What is NHAI’s InvIT?
Focus: GS III: Indian Economy Why in News? The round 2 of InvIT has been oversubscribed almost 5 times in 10% of the scheduled tenure. What is NHAI’s InvIT? NHAI InvIT is the infrastructure investment trust sponsored by the National Highways Authority of India (NHAI) to support the government’s National Monetisation Pipeline (NMP). NHAI’s InvIT is a […]
Asian Infrastructure Investment Bank (AIIB)
Focus: GS-III: Indian Economy (International Institutions), GS-II: International Relations Why in News? Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the 7th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB). Every year at the Annual Meeting, the Board of Governors meets to take key decisions on important […]
India Post Payments Bank
Focus: GS III- Indian Economy Why in News? India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (RBIH) have come together to focus their efforts on enhancing the reach of financial solutions to large sections of society across India and enabling frictionless finance to a billion Indians. Details: The collaboration between IPPB and RBIH will […]
Geographical Indication (GI) Tag
Context: The Embassy of Japan, New Delhi, has filed an application seeking Geographical Indication (GI) tag for nihonshu/Japanese sake, an alcoholic beverage. It is learnt that this is the first time a product from Japan has filed for a tag at the Geographical Indication Registry in Chennai. Relevance: GS III: Indian Economy Dimensions of the Article: […]
The HDI Report From Fact Lens
Context According to the most recent Human Development Index (HDI) reading released by UNDP, India is ranked 132. The article examines the flaws in the HDI number computation methodology and suggests future corrections. Relevance GS Paper 3: Economy: Human Development Mains Question Despite consistent high growth, India continues to have the lowest indicators of human development. […]
Digital Banking Brings Banks To The Poor
Context Prime Minister Modi used video conferencing to dedicate 75 Digital Banking Units (DBU) across 75 districts to the nation. Relevance GS Paper – 3 : Mobilization of Resources, Growth & Development, Banking Sector & NBFCs, Inclusive Growth Mains Question The Pradhan Mantri Jan Dhan Yojana (PMJDY) is required to bring the unbanked into the fold […]
NHAI’s Infra Investment Bonds
Context: Road Transport and Highways Minister tweeted a video about the National Highways Infra Trust (NHAI InvIT) bonds, which he said will offer an effective return of 8.05% per annum. Relevance: GS III: Indian Economy Dimensions of the Article: What is NHAI’s InvIT? What are InvITs? What is NHAI’s InvIT? NHAI InvIT is the infrastructure […]
Global Multidimensional Poverty Index
Context: About 41.5 crore people exited poverty in India during the 15-year period between 2005-06 and 2019-21, out of which two-third exited in the first 10 years, and one-third in the next five years, according to the global Multidimensional Poverty Index (MPI). Relevance: GS III: Indian Economy (Growth and Development) Dimensions of the article: What […]