India Infrastructure Project Development Fund Scheme
Focus: GS III: Indian Economy Why in News? Recently, to promote the Digital India initiative of the Government of India, the Infrastructure Finance Secretariat has launched the IIPDF Portal for submitting applications for consideration under IIPDF Scheme. About IIPDF Scheme: Details: Objectives:
Global Digital Public Infrastructure
Context: The third meeting of the G20 Digital Economy Working Group (DEWG) commenced in Pune, Maharashtra with the inauguration of the Global DPI (Digital Public Infrastructure) Summit and Exhibition. Relevance: GS III: Indian Economy Dimensions of the Article: Details About Digital Public Infrastructure Digital Public Infrastructure (DPI) is a collection of platforms and systems that […]
About The Cooperative Banks
Context: To strengthen 1,514 urban co-operative banks, the Reserve Bank India has notified four key measures, including giving them two years more to meet the priority sector lending targets. Relevance: GS-III: Indian Economy (Banking) Dimensions of the Article: Key Measures taken by RBI: Opening new branches for Urban Cooperative Banks (UCBs): One-Time Settlement for UCBs: […]
About The Ishad Mango
Context: Recently, the delicious Ishad mango from Uttara Kannada (Karnataka) has earned its much-awaited geological indicator (GI) tag. Relevance: GS III: Indian Economy Dimensions of the Article: About Ishad Mango: Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry: -Source: Times of […]
About Wilful Defaulter
Context: As per a recent circular by the Reserve Bank of India (RBI), Wilful defaulters and companies involved in fraud can go for a compromise settlement or technical write-offs by banks and finance companies. Relevance: GS III: Indian Economy Dimensions of the Article: About Wilful Defaulter: Criteria for Wilful Default: According to the RBI, a […]
Imposing Daily Limits on UPI Transactions
Context: With a significant increase in Unified Payments Interface (UPI) transactions, banks and UPI apps have taken the decision to impose daily limits on UPI transactions. This decision comes in addition to the limits already set by the National Payments Corporation of India (NPCI) in 2021. Relevance: GS III: Indian Economy Dimensions of the Article: […]
About The Gulabi Meenakari Handicraft
Context: The Uttar Pradesh state government has decided to gift GI-tagged Gulabi meenakari handicrafts to the visiting delegates from G20 nations. Relevance: GS III: Indian Economy Dimensions of the Article: Gulabi Meenakari Handicraft: A Unique Craft from Varanasi Gulabi Meenakari is popularly found in three forms: Geographical Indications (GI) Tag Definition and Importance: Administration and […]
Primary Agricultural Credit Societies (PACS)
Context: Ministry of Cooperation issued a statement that Primary Agricultural Credit Societies (PACS) can also be employed as drone entrepreneurs for spraying fertilisers and pesticides. Relevance: GS III- Indian Economy Dimensions of the Article: About Primary agricultural credit societies: Objectives of PACS Functions of PACS -Source: Indian Express
RBI Monetary Policy Update
Context: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged. Relevance: GS III: Indian Economy Dimensions of the Article: Key Details: Repo Rate: Standing Deposit Facility (SDF): Marginal Standing Facility (MSF) Rate: Bank Rate: About Monetary Policy Committee […]
About Surplus liquidity
Context: Recently, the net liquidity in the banking system in India increased to Rs 2.59 lakh crore on June 4, 2023. However, the surplus liquidity in the banking system is likely to decline to around Rs 1.5 lakh crore over the next few days from the current level of Rs 2.1 lakh crore. Relevance: GS […]