News: Complementing the PMJDY, India recently unveiled the account aggregator (AA) network to overcome the challenges of access to micro-credit for individuals and micro, small and medium enterprises (MSMEs) The AA network along with Pradhan Mantri Jan Dhan Yojna (PMJDY) would help India formalize credit and boost economic growth in the post-covid era. What is… Continue reading Account aggregators are ready to widen Indian access to credit
Tag: Live mint
How do SDRs help maintain balance of payments?
News: In July-September 2021, India received $31.2 billion foreign exchange reserves. Out of this, $17.86 billion was by way of Special Drawing Rights (SDR) support received from the International Monetary Fund. SDRs being one of the components of foreign exchange reserves (FER) of a country, an increase in its holdings is reflected in the BOP.… Continue reading How do SDRs help maintain balance of payments?
India’s green cover has advanced far too slowly
News–India State of Forest Report (ISFR) 2021 has reported very slow progress of afforestation over the past two years. India must aim for faster progress to adapt and mitigate the effects of worsening climate change. What are the details about the latest India state of forest report? Read here. Why slow progress is a cause of concern? India set… Continue reading India’s green cover has advanced far too slowly
Open-source e-com platform in the works, says DPIIT’s Jain
What is the News? According to the Secretary of the Department for the promotion of industry and internal trade (DPIIT), Open Network for Digital Commerce (ONDC) is expected to be launched soon. What is ONDC? ONDC is a network aimed at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols… Continue reading Open-source e-com platform in the works, says DPIIT’s Jain
FVTPL Account: Banks may get a new investment category
Contents1 What is the News?2 What is the Investment Portfolio of Banks currently?3 What are the changes proposed by RBI in these three categories?4 Definition of Held to maturity(HTM)5 Definition of AFS6 Other points mentioned in the Article6.1 Indian Accounting Standards(Ind AS) What is the News? The Reserve Bank of India proposed a new investment… Continue reading FVTPL Account: Banks may get a new investment category
On Pak’s National Security Policy document: Pakistan gets serious
News: Pakistani National Security Division’s latest National Security Policy document released recently. There are five key takeaways for India. By this, it can be inferred that Pakistan has started looking inwards (domestic issues). Must Read: Pakistan’s National Security Policy: Pakistan security policy seeks 100 years of peace with India, but with caveat What are the… Continue reading On Pak’s National Security Policy document: Pakistan gets serious
If Siachen is back on Indo-Pak agenda, it is good news
News: Recently, the Indian Army Chief, General Naravane, in his press conference reportedly made a reference to the possibility of “demilitarisation of the glacial region” in Siachen. He said that Pakistan would have to first authenticate respective troop positions along the 110-km long actual ground position line (AGPL) in the Siachen-Saltoro Ridge region for any… Continue reading If Siachen is back on Indo-Pak agenda, it is good news
Inflation heresy mustn’t always be rejected out of hand
News: Inflation has been on the rise in most part of the world. This has once again started the debate on the best way to restore price stability. What are various strategies to deal with Inflation? Old/orthodox method-This involves the reduction in spending and raising of interest rates. But this method often has side effects (such as bankruptcies and rising… Continue reading Inflation heresy mustn’t always be rejected out of hand
Why India’s Health data needs a booster jab
News: India’s health data system is not functioning properly. It requires a complete overhaul. About 16 years ago, HIV AIDS was threatening to become a pandemic. Then, no answers were available on the questions related to the prevalence of the disease, due to the unavailability of data. The situation, even today, has not improved much.… Continue reading Why India’s Health data needs a booster jab
Shifting demand patterns must guide state excise policy design
News: Policymakers need to design their tax policies after studying the market trends and available data carefully. Contents1 How a change in the consumer sector can impact the market?2 What is the status of the alcohol beverage sector in India?3 Why the data of consumer pattern change is useful for policymaking?4 What is the status of… Continue reading Shifting demand patterns must guide state excise policy design
