Periodic Labour Force Survey (PLFS)
Context: The recent Periodic Labour Force Survey (PLFS) has reported that the unemployment rate in the country has shown a decrease between April and June 2023. Relevance: GS III: Indian Economy Dimensions of the Article: Key Findings on Labour Force Participation and Worker-Population Ratio: Definition of Unemployment: Measurement of Unemployment Rate: Periodic Labour Force Survey […]
Yak Churpi: A Dairy Product from Arunachal Pradesh
Context: In a significant milestone for the northeastern state of Arunachal Pradesh, the unique and culturally significant yak milk product, ‘Yak Churpi,’ has been granted the coveted Geographical Indication (GI) tag. Relevance: GS III: Indian Economy Dimensions of the Article: Yak Churpi: A Dairy Product from Arunachal Pradesh Yak Breed in Arunachal Pradesh: Nature of […]
National Investment and Infrastructure Fund
Context: Recently, the National Investment and Infrastructure Fund has entered into a collaboration with Japan Bank for International Cooperation (JBIC) to unveil a $600 million India-Japan Fund. Relevance: GS III: Indian Economy Dimensions of the Article: What is NIIF? Types of funds in NIIF Functions of NIIF -Source: The Hindu
Insurance Surety Bonds
Context: Recently, some of the leading general insurers like New India Assurance, SBI General Insurance etc. have announced their plans to issue Surety Bonds, but nobody has been able to do so due to lack of supporting elements. Relevance: GS III: Indian Economy Dimensions of the Article: Insurance Surety Bonds: Parties Involved: Advantages of Insurance […]
Alarming Trends in Global Debt
Context: Global debt has reached a historic high of $307 trillion in the second quarter of 2023, marking a significant increase of approximately $100 trillion over the past decade. Additionally, global debt as a percentage of Gross Domestic Product (GDP) is on the rise again, reaching 336%, following a previous decline that spanned seven consecutive […]
India Post Payments Bank
Context: Recently, the customers of India Post Payments Bank have been receiving an SMS claiming that their accounts will be blocked if they fail to update their PAN card details, which the Press Information Bureau called fake. Relevance: GS III- Indian Economy About India Post Payments Bank (IPPB)
Bima Sugam: Simplifying and Digitizing the Insurance Marketplace
Context: Recently, the Insurance Regulatory and Development Authority of India (IRDAI) has formed a steering committee to act as the apex decision-making body for the creation of its ambitious ‘Bima Sugam’ online platform. IRDAI says Bima Sugam is an electronic marketplace protocol which would universalise and democratize insurance. This protocol will be connected with India Stack. Relevance: GS III: […]
Transformation of India’s Fan Market
Context: India’s fan market is undergoing a transformative evolution, driven by changes in policy and a growing commitment to sustainable energy practices. Relevance: GS III: Indian Economy Dimensions of the Article: Reasons for the Transformation of the Ceiling Fan Market in India Sustainable Energy Commitment: Climate Change Awareness: Emissions Reduction Goals: Household Electricity Consumption: Widespread Fan […]
State of Working India 2023 Report: Analyzing the Indian Workforce
Context: Azim Premji University’s Centre for Sustainable Employment has published the “State of Working India 2023” report, providing insights into the Indian workforce. The report analyzes unemployment rates, women’s participation, intergenerational mobility, and caste-based workforce dynamics. Data from sources like the National Statistical Office’s surveys, including Employment-Unemployment Surveys and Periodic Labour Force Surveys, as well […]
Status Of Household Savings
Context: The most recent information from the Reserve Bank of India (RBI) concerning household financial holdings and debts has been subject to differing interpretations. Some experts argue that households are reducing their savings and taking on loans to maintain their spending due to sluggish income growth since the onset of the Covid pandemic. However, the […]