Vibrant Village Programme
Context: The Union government plans to open the villages along the Chinese border for tourists under the Vibrant Village programme announced in the Union Budget 2022-23. Relevance: GS III- Indian Economy (Infrastructure) Dimensions of the Article: About Vibrant Village Programme Need of such scheme About Vibrant Village Programme The program’s goal is to enhance infrastructure […]
Current Account Deficit
Context: Recently, an American financial services company Morgan Stanley has predicted that the Current Account Deficit will widen to a 10-year high of 3% of GDP in FY23. Relevance: GS III- Indian Economy (Growth and Development) Dimensions of the Article: Details: What is the Current Account Deficit? What is Balance of Payments? Details: As a result of […]
UPI123Pay: Payment Solution For Feature Phone Users
Context: Recently, the Reserve Bank of India launched a new Unified Payments Interface (UPI) payments solution for feature phone users dubbed ‘UPI123Pay’. Relevance: GS III- Indian Economy (Money and Banking) Dimensions of the Article: What is Unified Payments Interface (UPI)? How does the new solution work? How will users make payments without internet? Do other […]
National Land Monetisation Corporation (NLMC)
Context: The Union Cabinet has approved the setting up of a new government-owned firm National Land Monetisation Corporation (NLMC) for pooling and monetizing sovereign and public sector land assets. Relevance: GS II- Indian Economy Dimensions of the Article: What is NLMC? How will it function? Significance What is NLMC? The National Land Monetisation Corporation (NLMC) […]
Monetary Policy Committee
Context: A dissident member of the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) has said that the central bank’s accommodative policy stance “carries with it the risk of falling behind the curve in future because the stance limits the MPC’s freedom of action in ensuing meetings”. The MPC fixes the benchmark interest rate — or the base […]
What is Kavach?
Context: According the Budget proposal, Kavach, this indigenously developed Automatic Train Protection System showcased on South Central Railway , is earmarked for aggressive rollout on 2,000 km in 2022-23 Relevance: GS III- Indian Economy (Infrastructure) Dimensions of this article: What is Kavach? What is the upgrade? How far is the rollout? What is Kavach? It […]
Asian Infrastructure Investment Bank
Context The Beijing-based Asian Infrastructure Investment Bank (AIIB) said it was putting on hold and reviewing all projects in Russia and Belarus. Relevance: GS-III: Indian Economy (International Institutions), GS-II: International Relations Dimensions of the Article: About Asian Infrastructure Investment Bank Membership of AIIB Financial Capital of AIIB: India and AIIB (updates as of 2021) About […]
Securities and Exchange Board of India (SEBI)
Context: Recently, Madhabi Puri Buch, former whole-time member of the Securities and Exchange Board of India (SEBI), has been appointed as its new chairperson — the first woman to head the market regulator. She will hold the position for three years. Relevance: GS III- Indian Economy Dimensions of the Article: About Securities and Exchange Board of India Functions of SEBI […]
Core Sector Growth
Context: India’s output from all eight core infrastructure sectors surpassed pre-pandemic production levels this January, even as the pace of growth slowed marginally to 3.7% from a 4.1% uptick recorded in December 2021. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Inflation) Dimensions of the Article: What is Index of Industrial Production (IIP)? […]
SWIFT
Context: The U.S., Europe and several other western nations are moving to exclude Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), an international network for banks to facilitate smooth money transactions globally. This could be the strongest economic sanction against Russia over its military moves in Ukraine, as it will potentially cut off the […]