Ude Desh Ka Aam Naagrik (UDAN)
Focus: GS III- Indian Economy Why in News? Ministry of Civil Aviation’s flagship program Regional Connectivity Scheme UDAN (UdeDeshkaAamNagrik) has completed 5 years of success since the launch of it first flight by Prime Minister on 27th April 2017. About Ude Desh Ka Aam Naagrik (UDAN): Nodal: Ministry of Civil Aviation (MoCA) It is an innovative scheme […]
Gold Exchange-Traded Fund
Context: In July 2022, Gold Exchange Traded Funds (ETFs) witnessed a net outflow of Rs 457 crore as investors parked their money in other asset classes as part of their portfolio rebalancing strategy. Relevance: GS III: Indian Economy Dimensions of the Article: About gold exchange-traded fund Benefits of a gold ETF About gold exchange-traded fund: […]
Open Network For Digital Commerce
Context: US firm Microsoft has become the first big tech company to join the Open Network for Digital Commerce (ONDC), a government-backed project which is aimed at enabling small merchants and mom-and-pop stores in parts of the country to access processes and technologies that are typically deployed by large e-commerce platforms such as Amazon and Flipkart. Relevance: GS III- […]
RBI’s Survey On India’s Economy
Context At a time of global uncertainty and rising inflation, two developments in India provide a good indication of the state of the Indian economy. These two events are the release of India’s July trade data and the unveiling of the RBI’s latest monetary policy review. Relevance: GS Paper 3: Indian Economy and issues relating to […]
Ration Mitra Portal
Context: The Centre has launched a common facility to register names in ration cards on a pilot basis for 11 States and Union Territories. Relevance: GS III- Indian Economy (Food Security) Dimensions of the Article: About Ration Mitra About National Food Security (NFS) Act About Ration Mitra Ration Mitra’ Portal aims to enable these States […]
Model Tenancy Act
Context: According to Ministry of Housing and Urban Affairs (MoHUA), Model Tenancy Act has been rectified by only four states, i.e., Andhra Pradesh, Tamil Nadu, Uttar Pradesh, and Assam. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy) Dimensions of the Article: What is the Model Tenancy Act? Significance What is the Model Tenancy […]
RBI Hiked Rates By 50 bps
Context: With inflation remaining at ‘elevated levels’, the Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%. Relevance: GS III: Indian Economy Dimensions of the Article: What is the repo rate? Why is the repo rate such a crucial […]
Inflation Is Driving GST Revenue Rise
Context: As per the recent SBI research, High inflation is driving about 8% of the current surge in Goods and Services Tax revenues, and inflation adjusted GST collections so far this year are 26% higher than pre-COVID level. Relevance: GS III- Indian Economy Dimensions of the Article: Key Points What is GST? Goods and Services […]
India’s Trade Deficit
Context: India’s trade deficit has widened to a record $31.02 billion in July thanks to contracting merchandise exports and a rise in imports. This is a three-times increase from the $10.63 billion trade deficit reported in July last year. Relevance: GS III: Indian Economy Dimensions of the Article: What is trade deficit? Is it bad […]
Financial Inclusion Index 2022
Context: The Reserve Bank of India has released the Composite Financial Inclusion Index (FI-Index) for the year ended 31st March 2022. India’s Financial Inclusion Index has improved to 56.4 from 53.9 in the previous year 2021. Relevance: GS III: Indian Economy Dimensions of the Article: What does Financial Inclusion mean? About Financial Inclusion Index (FI Index) What […]