Source: The post on India’s inclusion in Global Bond Index has been created on the article “Caution: The watch word for bond index inclusion” published in “Live Mint” on 30th November 2023. UPSC Syllabus Topic: GS Paper 3 Indian Economy – Indian Economy and issues relating to mobilization of resources. News: The article discusses the… Continue reading On India’s inclusion in Global Bond Index – Caution: The watch word for bond index inclusion
Category: Economy
On Currency in Circulation – Cash questions
Source: The post on Currency in Circulation has been created on the article “Cash questions” published in “Business Standard” on 30th November 2023. UPSC Syllabus Topic: GS Paper 3 Indian Economy. News: The article discusses the issue of currency in circulation increasing in India despite a significant growth in digital payments at the same time.… Continue reading On Currency in Circulation – Cash questions
About MSP (Minimum Support Price)
News: Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 does not provide any safeguards for the continuance of the existing minimum support price (MSP)-based procurement regime. Facts: MSP is the minimum price paid to the farmers for procuring food crops. It is announced by the Government at the beginning of the sowing season.… Continue reading About MSP (Minimum Support Price)
Priority Sector Lending (PSL) guidelines
Reserve Bank of India (RBI) released revised priority sector lending (PSL) guidelines to augment funding for COVID-19 impacted companies. Facts: Aim: To align Priority Sector lending with emerging national priorities and bring sharper focus on inclusive development. Key Revised PSL Guidelines: Bank finance for start-ups (up to ₹50 crore), loans to farmers for installation of… Continue reading Priority Sector Lending (PSL) guidelines
Draft Electricity Act (Amendment) Bill 2020
Draft Electricity Act (Amendment) Bill 2020 Bill has been framed to ensure that renewable energy tariffs are not changed by the states after the execution of contracts, and electricity regulatory commissions have more teeth to enforce power purchase agreements between projects and distribution companies (discom). It seeks privatisation of discoms (distribution companies) by way of… Continue reading Draft Electricity Act (Amendment) Bill 2020
What is Industrial Revolution 4.0?
Industrial Revolution 4.0 Industry 4.0 refers to the fourth industrial revolution related to manufacturing and chain production. It is driven by breakthroughs in digital technologies, such as artificial intelligence, robotics, 3D printing, the IoT, Big Data etc. The Drivers of Change: Technological breakthroughs: New technological innovations such as Big Data, 3-D printing, artificial intelligence and… Continue reading What is Industrial Revolution 4.0?
Base year of CPI-IW changed
The Labour and Employment Ministry on Thursday revised the base year of the Consumer Price Index for Industrial Workers (CPI-IW) from 2001 to 2016. Why the base year for the Consumer Price Index for Industrial Workers(CPI-IW) has been changed? Due to the changing consumption pattern, more weightage has been given to spending on health, education,… Continue reading Base year of CPI-IW changed
National Payments Corporation of India (NPCI)
It is a “Not for Profit” umbrella organization for operating retail payments and settlement systems in India, is an initiative of RBI and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. It aims in bringing innovations in the… Continue reading National Payments Corporation of India (NPCI)
Digital payment system in India
What is the role of RBI in the evolution of digital payment in India? RTGS- This system enables the transfer of money from one bank account to another on a “real-time” and on “gross” basis. Settlement happens in real-time. The large value payments on stock trading, government bond trading and other customer payments were covered… Continue reading Digital payment system in India
Regional implications of Bangladesh’s Economic Success
Source: Indian Express Context: ground: The International Monetary Fund’s latest World Economic Outlook has predicted that Bangladesh’s per capita GDP will overtake that of India this year. International development institutions have asked the rest of the subcontinent and developing countries around the world to learn much from Dhaka’s experience or the Bangladesh model. What are the… Continue reading Regional implications of Bangladesh’s Economic Success
