What Is The Sarfaesi Act?
Context: Banks have invoked the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act against telecom infrastructure provider GTL to recover their pending dues.Context: GS III- Indian Economy Dimensions of the Article: What is the Sarfaesi Act? Why was such a law needed? What powers do banks have under the law? […]
PM SVANidhi
Focus: GS-II Social Justice, GS-III India Economy Why in News? The Minister for Housing and Urban Affairs, launches ‘SVANidhi Mahotsav’ – a cultural festival for celebrating the success of PM SVANidhi Scheme PM Street Vendor’s Atmanitbhar Nidhi (PM SVANidhi) PM SVANidhi is a Special Micro-Credit Facility. PM SVANidhi was launched by the Ministry of Housing […]
Exit of Foreign Portfolio Investors
Context: June 2022 witnessed the worst Exit of Foreign Portfolio Investor (FPI) selloff since March 2020 when India announced a nationwide lockdown at Rs. 50,000 crore. June was also the ninth on the trot that FPIs had sold net of their assets i.e. sold more than they had purchased. Relevance: GS III- Indian Economy (Capital […]
The DESH Bill: Overhauling Machinery For SEZ’s
Context The Centre intends to introduce the Development of Enterprise and Service Hubs (DESH) Bill in the Parliament’s monsoon session, which will overhaul the special economic zones (SEZ) legislation. Relevance: Mains Paper 3: Effects of Liberalization on The Economy, Changes in Industrial Policy and their effects on Industrial Growth Mains Question: What are the current […]
What are Critical Minerals?
Context: India and Australia have decided to strengthen their partnership in the field of projects and supply chains for critical minerals. Relevance: GS III- Indian Economy Dimensions of the Article: What are Critical Minerals? Why is this resource critical? What is China ‘threat’? What are countries around the world doing about it? What are Critical […]
Purchasing Managers Index
Context: India’s services firms saw growth in new business and output accelerate to a 11-year high in June, as per the survey-based S&P Global India Services Purchasing Managers Index (PMI). The index rose to 59.2 last month, from 58.9 in May, signalling a strengthening in demand across the services sector, which had borne the brunt […]
Australia to Give Minerals to Indian EV Makers
Context: Australia is all set to supply critical minerals required for India’s electric vehicles, solar power projects and other strategic areas, said Canberra’s Minister for Resources and Minister for Northern Australia Madeleine King on Monday. Relevance: GS III- Indian Economy (Infrastructure) Dimensions of the Article: Key Points Unlocking Australia-India critical minerals partnership potential Eight priority […]
What Are G-Sec Yields?
Context: Recently, the government said that it had decided to keep interest rates on small savings instruments unchanged for the July-September quarter, defying expectations of a hike in rates given the sharp rise in government security (G-sec) yields over the last three months. Relevance: GS III- Indian Economy Dimensions of the Article: What are G-Sec […]
Small Savings Schemes
Context: Recently, the government kept interest rates unchanged on Small Savings Schemes, including NSC (National Savings Certificate) and PPF (Public Provident Fund), for the second quarter of 2022-23 amid high inflation and rising interest rate. The interest rate on small savings schemes has not been revised since the first quarter of 2020-21. Relevance: GS III- Indian […]
Self-Help Groups (SHGs)
Context: Government is aiming at raising the annual income of each woman in Self-Help Groups (SHGs) to Rs 1 lakh by 2024. Relevance: GS III- Indian Economy Dimensions of the Article: What are SHGs? General Issues related to SHGs Socio-Cultural Hurdles in Penetration of SHGs in Rural Areas Measures Taken by the Government to Promote […]