Context: India’s economy is expected to face constraints in FY 2023-24, with weak global demand and monetary policy tightening to manage inflationary pressures. Reasons for which include: Challenges to Indian Economic Growth What is the Asian Development Bank (ADB)?
Context: The Indian vision of Connectivity and digital empowerment of citizens can be realised through the large-scale implementation of PM-WANI scheme. On the proposal of Department of Telecom (DoT) to proliferate broadband through public wi-fi networks cabinet approved the PM-WANI framework. This framework takes […]
Context: Indian Railways’ is making efforts to enhance the use of its valuable lands near railway stations, the decision has been made to replace ageing, sparsely distributed buildings with multi-story structures. This initiative is a crucial component of their mission to transform major railway […]
Context: The Rubber Board, jointly with the Central government and the Automotive Tyre Manufacturers’ Association, is implementing a project to expand the area under natural rubber in the Northeastern States. About the Rubber Board Functions The functions of the Board as defined under the […]
Context: India has become a primary authority responsible for issuing globally recognized OIML certificates, enabling the sale of weights and measures worldwide. The Department of Consumer Affairs is now equipped to issue the essential OIML Pattern Approval certificates required for selling weights and measures […]
Context: In 2020, Government of India came up with Pradhan Mantri Matsya Sampada Yojana (PMMSY) to bring about ecologically healthy, economically viable, and socially inclusive development of the Fisheries sector of India. Status of India’s Fisheries Sector (Data from Economic Survey 2022-23) About Pradhan […]
Context: Leaders of India, Singapore, Bangladesh, Italy, USA, Brazil, Argentina, Mauritius and UAE have launched Global Biofuel Alliance on the sidelines of G20 Summit in New Delhi. About Global Biofuel Alliance (GBA) Partner countries and organisations of GBA
Background Unemployment Defined Challenges in Measuring Unemployment in India Major Causes of Unemployment in India Measures to Address Traditional Unemployment Factors
Context: The Union Cabinet approved the scheme for viability gap funding (VGF) of ₹3,760 crore for the development of battery energy storage systems (BESS). About Viability gap funding of battery energy storage systems About Viability gap funding
Context: Underlining the important role of the fintech industry in building a responsible financial ecosystem, the Finance Minister has said that fintechs in India are driving more inclusion and influencing India’s financial ecosystem. Understanding Fintech Examples of Innovative Products of the Fintech Companies How […]
Context: In the context of the Pradhan Mantri Ujjwala Yojana (PMUY), a program aimed at providing LPG gas cylinders to rural and underprivileged households, it has been observed that one in four beneficiaries either did not take any cylinders during the 2022-2023 period or […]
Context: The Reserve Bank of India (RBI) Governor has said while the Urban Cooperative Bank (UCB) sector showed improved financial performance at an aggregate level in recent times, concerns and vulnerabilities were seen for certain individual entities. About Urban Cooperative Banks Regulation of UCBs […]
Context: Ministry of Jal Shakti has released the 6th Census Report on Minor Irrigation Schemes. About Minor Irrigation Schemes Benefits of Minor Irrigation Schemes Minor Irrigation Census Highlights of the 6th Minor Irrigation Census
Context: Trade and Investment Ministers of G20 nations, which together generate 75% of the world’s trade flows, agreed to map global value chains, integrate small businesses with them and ease trade documentation. What are Global Value Chains? Why Should India Get Integrated Into GVCs? […]
According to author the dynamics of the emerging fiscal federalism of India entails significant rethinking especially in the context of the 16th Finance Commission. One Fundamental aspect of our Governance is the fiscal federalism which provides the autonomy of the states to raise revenue […]
When counties face financial crisis due to domestic or external factors, they often take recourse from the International Monetary Fund (IMF). IMF provides lending support to countries facing Balance of payment problems, fiscal crisis due to debts or financial crisis stemming from insolvent financial […]
Context: Around five years ago, the Government of India decided it wanted more companies to make things in India. It has therefore introduced a key set of incentives through the production-linked incentives (PLI) scheme. Here, the government gives money to foreign or domestic companies […]
Context: Union Cabinet has approved scheme known as PM e-Bus Sewa Scheme for augmenting city bus operation by 10,000 e-buses on PPP model. About PM e-Bus Sewa Scheme Components of the scheme: The scheme has two broad components: Coverage: The scheme will cover cities […]
Context: The RBI has recently commenced a pilot programme endeavouring to evaluate the feasibility and functionality of the ‘Public Tech Platform for Frictionless Credit’. The suggested platform aims to enable delivery of frictionless credit by facilitating seamless flow of required digital information to lenders. […]
A recent report by NITI Aayog on multidimensional poverty shows that the percentage of the poor has gone down from 25% in 2015-16 to 15% in 2019-21 and around 135 million people were lifted out of poverty during this period. The Global MPI report […]