About Salem Sago
Context: Recently, the Salem Starch and Sago Manufacturers Service Industrial Cooperative Society Ltd. (popularly called SAGOSERVE) received a Geographical Indication Tag, or GI Tag, for Salem sago. Relevance: GS III: Indian Economy Dimensions of the Article: Salem Sago: Tapioca: Climate and Soil Requirements: Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and […]
About A Sovereign Gold Bond Scheme (SGB)
Context: The Reserve Bank of India (RBI) recently announced the issue price for the upcoming Sovereign Gold Bond (SGB) Tranche 2. Relevance: GS II- Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Dimensions of the Article: About Sovereign Gold Bond Scheme (SGB) Benefits of Sovereign Gold Bond
RBI, Banks Plan New Features To Boost CBDC Transactions
Context: The Reserve Bank of India (RBI) is collaborating with financial institutions to incorporate fresh functionalities aimed at promoting the adoption of the central bank digital currency (CBDC), often referred to as the e-rupee. This information comes from six individuals who are knowledgeable about the situation. Relevance: GS3- Indian Economy Dimensions of the article: About […]
About The Open Market Sale Scheme (OMSS)
Context: As a component of the Indian government’s effort to regulate the retail prices of rice, wheat, and flour (atta), weekly electronic auctions are conducted. The 11th e-auction for the fiscal year 2023-24 took place on September 6, 2023. In this auction, a total of 2.0 Lakh Metric Tons (LMT) of wheat sourced from 500 […]
National Payments Corporation of India
Context: Recently, the National Payments Corporation of India (NPCI) unveiled several new products with an aim to create an inclusive, resilient, and sustainable digital payments ecosystem. Relevance: GS III: Indian Economy Dimensions of the Article: New Product Offerings in Digital Payments: National Payments Corporation of India (NPCI): -Source: Indian Express
Nation First Transit Card
Context: State Bank of India has launched its ‘Nation First Transit Card’, a RuPay prepaid instrument under the National Common Mobility Card (NCMC) that can be used nationwide. Relevance: GS III: Indian Economy Dimensions of the Article: Nation First Transit Card Nation First Transit Card Features: About National Common Mobility Card (NCMC): What is a […]
About One-Hour Settlement of Trades
Context: SEBI plans to introduce One-Hour Settlement of trades by March 2024 to improve trade settlement efficiency. Additionally, they will introduce an Application Supported by Blocked Amount (ASBA)-like facility for Secondary Market trading by January 2024. Relevance: GS III: Indian Economy Dimensions of the Article: Application Supported by Blocked Amount (ASBA): ASBA is a system […]
Battery Energy Storage Systems (BESS) Scheme
Context: Recently, the Union Cabinet, chaired by the Hon’ble Prime Minister of India, approved the Scheme for Viability Gap Funding (VGF) for the development of Battery Energy Storage Systems (BESS). Relevance: GS III: Indian Economy Dimensions of the Article: Battery storage About Battery Energy Storage Systems (BESS):
About The Impossible Trinity
Context: The Reserve Bank of India(RBI) and Indian investors are facing a challenge in overcoming the “impossible trinity”. Relevance: GS III: Indian Economy Dimensions of the Article: Impossible Trinity: The Impossible Trinity, also known as the trilemma, is a concept in international economics and monetary policy. It posits that an economy cannot simultaneously pursue three […]
About The Measuring Unemployment in India
Context: According to the Periodic Labour Force Survey (PLFS), India’s unemployment rate was 6.1% in 2017 (the highest ever recorded) and the PLFS of 2021-22 showed unemployment reducing to 4.1%. The article highlights the difficulties of measuring unemployment in India, which reduced between 2017-2022, but still higher than some developed economies (US – ~3.5%). Relevance: GS […]