Context: A new study reveals that a huge volume of unapproved and even banned fixed dose combinations (FDC) of antibiotics are being sold in India. In 2020, 60.5% FDCs of antibiotics were unapproved and another 9.9% were being sold despite being banned in India. […]
The DBT(Direct Beneficiary Transfer) is a scheme, where the welfare benefits provided by the Government are directly credited to the bank or postal account of the accurately identified beneficiary. Most of the welfare benefits provided by the union and state governments are being delivered […]
Context: Bihar Cabinet passes resolution seeking special category status to State. Benefits provided to Special category states: However, since 2014, special category status was formally done away with. Reasons: Arguments for Special category status: Though some states have genuine arguments for their demand for […]
Context: India’s stock exchanges, including BSE and NSE, have jointly developed the IRRA platform to reduce risks faced by investors due to certain technical glitches. Need for IRRA: With increasing dependence on technology in the securities market, there has been a rise in instances […]
Context: Recently, Narayana Murthy, founder of leading Information Technology firm Infosys, argued for Indian workers to work for 70 hours a week for boosting India’s economic growth. He based this on the experience of Germany and Japan during the 1950s, these two countries experienced […]
Context: Prime Minister has released the 15th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on 15th of November,2023. PM KISAN SCHEME Need for PM KISAN: (MSP mechanism favoured cereal crops like Rice and Wheat over other crops) However, the scheme has […]
Context: According to Sebi data, Rs 18,658 crore was collected through these emerging investment vehicles in the April-September period of 2023-24. This comprises Rs 12,753 crore through InvITs and the remaining Rs 5,905 crore via REITs. What are InvITs? Infrastructure Investment Trusts (‘InvITs’) are […]
Context: Collections under small savings schemes have seen a pickup in April-September, with deposits for the Senior Citizens Savings Scheme surging over 2.5 times year-on-year to Rs 74,675 crore. This marks a 160% increase over Rs 28,715 crore collected in the corresponding period a […]
Context: In recent years, Farmer Producers’ Organisations have countered the challenge of fragmented holdings which prevent economies of scale and discourage investment in agriculture. What is the Farmers Producer Organisation (FPO)? How FPOs Benefit Small and Marginal Farmers? Initiatives for the Promotion of FPOs […]
Context: The yield on 10-year government bonds in the US, the benchmark for asset prices across the globe, rose to hit 5.02 per cent, its highest level since July 2007. The yield of the Indian 10-year benchmark Government Security (G-Sec) also hardened to 7.50%, […]
Context: Bangladesh has sealed a bailout agreement with IMF to boost its cash strapped economy. Reasons for seeking Bailout from IMF IMF helps countries in following ways Conditionalities of IMF Bailout Issue with IMF conditions Does the IMF charge for its loans? All IMF […]
Context: India is the world’s largest exporter of attar (perfume or fragrance), but the olfactory art and science inspired by Nur Jahan’s love for the damask rose has changed in its profile from a high-end personal indulgence to an industry additive. About Attar and […]
Context: The Government of India has notified the constitution of the National Turmeric Board. Importance of Turmeric for India About National Turmeric Board Nature: It is not a statutory body. Nodal Ministry: Ministry of Commerce & Industry. Membership: The Board shall have a What […]
Context: NSSO has released Periodic Labour Force Survey for the year 2022-23. As per the report, India’s unemployment rate in urban areas decreased to 6.6% in April-June (Q1FY24), down from 6.8% in Q4FY23. Considering the importance of availability of labour force data at more […]
Context: Banks are likely to see a reduction in their net interest margins (NIM) in the second quarter of the current fiscal due to higher cost of deposits. Important Terms
Context: The Insurance Regulatory and Development Authority of India (IRDAI) issued guidelines on Bima Vahaks. Need for Insurance in India Bima Trinity will include three components
Context: The RBI’s Monetary Policy Committee (MPC) has kept the policy rates unchanged at 6.5% in its recent meeting. Decision of MPC No change in Policy Rate (Repo Rate) Policy Stance: Withdrawal of Accommodation Reasons for Status Quo Other Developmental and Regulatory Decisions
Context: Indian economy has experienced good growth over the last two decades primarily due to the contribution of service sector. The service exports are more than $300 billion forming around 40% of total exports. The service exports have evolved both in terms of their […]
Context: The Ministry of Corporate Affairs has issued a notification stating that certain provisions of the Insolvency and Bankruptcy Code (IBC) will no longer apply to aircraft, their engines, airframes, and helicopters. Background: When Go First airlines filed for voluntary insolvency in the month […]
Context: India’s National Investment and Infrastructure Fund (NIIF) and Japan Bank for International Cooperation (JBIC) jointly launched a $600 million fund on Wednesday for climate and environment projects. Why NIIF? Infrastructure projects frequently exhibit long-gestation periods, creating challenge for financial institutions to manage their […]