About The Universal Postal Union
Focus: GS III: Indian Economy Why in News? The Universal Postal Union (UPU) has announced plans to evaluate the integration of the Unified Payment Interface (UPI) with cross-border remittances using the global postal network. Benefits of Integrating UPI with UPU: About Universal Postal Union (UPU): Establishment and Structure: Membership: Role and Functions:
About The Export Preparedness Index (EPI) 2022
Context: Recently, NITI Aayog has released the 3rd edition of Export Preparedness Index (EPI) for States/UTs of India for the year 2022. Relevance: GS III: Indian Economy Dimensions of the Article: Export Preparedness Index (EPI) Features: Pillars: Sub-Pillars: Considers 10 sub-pillars that contribute to export promotion: Key Highlights of EPI 2022: Top Performing States: Tamil […]
About The Advance Authorisation Scheme
Focus: GS III: Indian Economy Why in News? Recently, the Directorate General of Foreign Trade (DGFT) implemented the Advance Authorisation Scheme under the Foreign Trade Policy, which allows duty-free import of inputs for export purposes. Advance Authorisation Scheme: Eligibility: Duty Exemption:
National Multidimensional Poverty Index
Context: According to the ‘National Multidimensional Poverty Index: A Progress Review 2023, India has registered a significant decline of 9.89 percentage points in the number of multidimensionally poor, from 24.85% in 2015-16 to 14.96% in 2019-2021. Relevance: GS III: Indian Economy Dimensions of the Article: Key Findings on Multidimensional Poverty: Decline in Poverty: States with […]
What are Non Fungible Tokens?
Context: NFTs are gaining massive popularity now because they are becoming an increasingly popular way to showcase and sell digital artwork. Relevance: GS III- Indian Economy (Money and Banking) Dimensions of the Article: What are Non fungible tokens( NFTs)? Who can buy NFTs? How do NFTs work? Difference between NFT and cryptocurrency NFTs and cryptocurrencies […]
Social Trailblazer Programme & Social Entrepreneurship
Context: The Union Minister of Skill Development & Entrepreneurship, while addressing a Social Enterprise Conclave organized by Institute of Rural Management, Anand (IRMA) in partnership with LIC Housing Finance Limited has launched the 2nd edition of the Social Trailblazer Program, aiming to boost the Social Entrepreneurship Ecosystem in India. Relevance: GS III: Indian Economy Dimensions of the Article: Social Trailblazer Programme: Objectives: […]
About E-Way Bill
Context: The GST Council meeting recently gave sanction to issue the order making e-way bill mandatory for intra-state transportation of gold, gold jewellery and precious stones. Relevance: GS III: Indian Economy Dimensions of the Article: About E-Way Bill: Key Features: Implementation and Exclusions: Who Should Generate an E-Way Bill? -Source: Indian Express
Delhi HC Upholds Revocation of PepsiCo India’s IPR for Potato Variety (FL 2027)
Context: The Delhi High Court recently upheld the decision made by made by Protection of Plant Varieties and Farmers’ Rights Authority (PPVFRA) regarding the revocation of PepsiCo India’s intellectual property protection for a potato variety (FL 2027). Relevance: GS III: Indian Economy Dimensions of the Article: FL 2027 Potato Variety Case The FL 2027 potato variety case revolves around PepsiCo’s application for […]
Global Multidimensional Poverty Index
Context: Recently, the Global Multidimensional Poverty Index (MPI) 2023 has been released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI). Relevance: GS III: Indian Economy (Growth and Development) Dimensions of the article: What is multidimensional poverty? Multidimensional Poverty Index (MPI) The Alkire-Foster ‘counting method’ Positives and Criticism Global Multidimensional Poverty Index (MPI) Parameters […]
GST Council: 28% Tax on Online Gaming, Casinos and Horse-Racing
Context: The Goods and Services Tax (GST) Council, in its 50th meeting, decided to levy a uniform 28% tax on full face value for online gaming, casinos and horse-racing, while reducing the rate for uncooked/ unfried snack pellets, cancer medicine and imitation zari thread. Relevance: GS III: Indian Economy Dimensions of the Article: About GST […]