Context: The Union finance minister recently made a declaration at the Atlantic Council think tank that the government is planning to set up as many as 75 digital-only banks or non-banking financial companies (NBFCs). Digital Banking Units (DBUs) could transform access to financial services in remote areas where the physical delivery of such services is… Continue reading On Digital Banking Units (DBUs): Digital delivery
Tag: business standard
Urbanisation and development
Context: World Bank has projected that every seven of 10 people will be living in urban cities by 2050. Therefore, the emphasis on urbanisation and its correlation with sustainable development has never been stronger. It not only gives a clear picture of the degree of concentration of people in a region, but also highlights the… Continue reading Urbanisation and development
A vision for US-India economic partnership
News: Recently, there has been differences between the United States and India over India’s stand on Russia’s invasion of Ukraine. This has brought the bilateral relationship between the largest and sixth-largest global economies at the centre of debate and their expected role in the Indo-Pacific Region. What have been the convergence of Interests between India… Continue reading A vision for US-India economic partnership
Govt eases certain norms under EPCG scheme to promote ease of doing biz
What is the News? The Ministry of Commerce and Industry has relaxed various procedures under the Export Promotion Capital Goods(EPCG) scheme in order to reduce compliance requirements and facilitate ease of doing business. What is the Export Promotion Capital Goods(EPCG) Scheme? Nodal Ministry: Ministry of Commerce and Industry Objective: To facilitate the import of capital… Continue reading Govt eases certain norms under EPCG scheme to promote ease of doing biz
Gati Shakti may enable faster implementation of dedicated freight corridors
Contents1 What is the News?2 What is PM Gati Shakti?3 What are Dedicated Freight Corridors(DFCs)?4 How is Gati Shakti helping in the implementation of DFCs? What is the News? Prime Minister’s Gati Shakti – National Master Plan which is being adopted by every infrastructure department is set to enable faster implementation of the Dedicated Freight… Continue reading Gati Shakti may enable faster implementation of dedicated freight corridors
Ecowrap Report: States need to reset spending, cut freebies: SBI advisor’s report
Contents1 What is the News?2 What are the key findings of the Ecowrap Report?2.1 States opting for Freebies3 Higher Fiscal Deficit of States3.1 Dichotomy in Growth Numbers What is the News? State Bank of India’s(SBI) Economic Research Department has released the Ecowrap Report. What are the key findings of the Ecowrap Report? States opting for… Continue reading Ecowrap Report: States need to reset spending, cut freebies: SBI advisor’s report
Focus on CPI inflation
News: In 2021 and 2022, the present inflation rate in developed markets is much higher (8.5% in the US). Therefore, the central banks of developed markets (DM) like the US Fed, or the European Central Bank, or the Bank of England — all of them have chosen inflation targeting. It has generated debate on the… Continue reading Focus on CPI inflation
Medicinal plants await good marketing
Context: Recently, the Ministry of AYUSH launched e-CHARAK, an electronic platform for interaction between various stakeholders in the medicinal plants sector. It will allow sale, purchase and sharing of material as well as know-how between different stakeholders. In this relation, medicinal plants sector has come under focus. The curative plants of significant commercial value are… Continue reading Medicinal plants await good marketing
‘Dual-use’ learning
News: The University Grants Commission (UGC) proposal to allow undergraduate and postgraduate students to pursue two degrees simultaneously is a progressive step forward in the higher education sector. What are the potential benefits of this move? First, this policy will help high-school students who are often unsure of whether to pursue the sciences or humanities… Continue reading ‘Dual-use’ learning
Humans Decoded
Contents1 Context: 2 What is the background?3 What is DNA sequencing?4 What led to the recent breakthrough?5 What is the significance of complete genomic sequencing?6 What is the way forward? Context: Scientists have completed the first full and seamless catalog of genetic instructions of humans. It’s expected that research will help to explain how every cell… Continue reading Humans Decoded
