News: The second survey of Household Consumption Expenditure Survey, conducted during August 2023 to July 2024, has been released by the Ministry of Statistics and Programme Implementation. Key Findings of the Survey Average Monthly Per Capita Consumption Expenditure: The MPCE is estimated to be Rs. 4,122 in rural areas and Rs. 6,996 in urban areas. … Continue reading Household Consumption Expenditure Survey 2023-24
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Prepaid Payment Instruments
News: Recently, Reserve Bank of India (RBI) has permitted the Prepaid Payment Instrument holders to make and receive UPI payments through the third-party mobile application. About Prepaid Payment Instruments (PPIs) They are financial tools that help facilitate the purchase of goods and services, including financial services, remittances and fund transfer, among others, against the value stored… Continue reading Prepaid Payment Instruments
India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA)
News: The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) has reached its two-year milestone. It highlights significant achievement in strengthening bilateral trade ties and promoting mutual growth. About Ind-Aus ECTA It was signed on April 2, 2022 and came into force in December 2022. Aim– To provide an institutional mechanism to encourage and improve… Continue reading India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA)
Coringa Wildlife Sanctuary
News: The Wildlife Institute of India-Dehradun is preparing to execute India’s first Fishing Cat Collaring Project at Coringa Wildlife Sanctuary. About Coringa Wildlife Sanctuary Location– It is part of the Godavari estuary, where the Coringa River merges with the Bay of Bengal in Andhra Pradesh’s Kakinada district. Between this area and the sea ” Hope… Continue reading Coringa Wildlife Sanctuary
Biodiversity Credit Explaination
News: A study published in the journal ‘Proceedings of the Royal Society B’ highlights major uncertainties in the functioning of the biodiversity credit markets. Biodiversity Credit Explaination About Biodiversity Credit Definition: World Economic Forum defines Biodiversity Credits as verifiable, quantifiable and tradeable financial instrument that rewards positive nature and biodiversity outcomes through the creation and… Continue reading Biodiversity Credit Explaination
National Rainfed Area Authority
News: The National Rainfed Area Authority, in collaboration with other agencies, organised a workshop to stimulate discussions and policy discourse on rainfed areas. About National Rainfed Area Authority It was established in 2006 as an expert body to provide knowledge input regarding systemic upgradation and management of the country’s dry land and rainfed agriculture. Mission:… Continue reading National Rainfed Area Authority
RBI’s Committee for ethical use of AI in financial sector
News: The Reserve Bank of India has set up a committee to develop a Framework for Responsible and Ethical enactment of Artificial Intelligence (FREE-AI) in the financial sector. About the Committee Members: The committee comprises of 8 members and is headed by Dr Pushpak Bhattacharyya. Objectives: To assess the current level of adoption of… Continue reading RBI’s Committee for ethical use of AI in financial sector
UN Convention against Cybercrime
News: The UN General Assembly recently adopted the United Nations Convention against Cybercrime. UN Convention against Cybercrime About UN Convention against Cybercrime It is a landmark global agreement adopted by 193 UN member states. Its goal is to strengthen international cooperation in the fight against cybercrime and protect societies from digital threats. The treaty will… Continue reading UN Convention against Cybercrime
Sea Otters
News: A new study reveals that sea otters at the Elkhorn Slough National Estuarine Research Reserve in California are consuming thousands of green crabs. This behavior plays a crucial role in preserving the ecosystem along the West Coast of the United States. About Sea Otters Scientific Name: Enhydra lutris They are aquatic members of the… Continue reading Sea Otters
Annual Survey of Unincorporated Sector Enterprises 2023-24
News: National Statistics Office, Ministry of Statistics and Programme Implementation (MoSPI) has released the Annual Survey of Unincorporated Sector Enterprises for 2023-24 for the reference period October 2023- September 2024. About ASUSE 2023-24 Primary Objective: To evaluate various economic and operational characteristics of unincorporated non-agricultural establishments. Geographical Coverage: Covers the rural and urban areas of… Continue reading Annual Survey of Unincorporated Sector Enterprises 2023-24
