Pradhan Mantri National Apprenticeship Melas
Focus: GS III- Growth and Development Why in News? As a part of Prime Minister vision to boost career opportunities for India’s youth under Skill India Mission, the Ministry of Skill Development and Entrepreneurship (MSDE) will hold the Pradhan Mantri National Apprenticeship Mela (PMNAM) on December 12th, 2022, across 197 locations in 25 states and […]
Sustained Growth in Remittances
Context: Remittances to India are set to touch a record $100 billion in 2022, according to the World Bank’s latest Migration and Development Brief titled, ‘Remittances Brave Global Headwinds’. India received $89.4 billion in 2021 — this is the first time a country will reach the $100 billion mark. Relevance: GS III: Indian Economy Dimensions […]
RBI Hikes Key Interest Rate By 35 BPS
Context: Signalling a further rise in lending and deposit rates, the Monetary Policy Committee (MPC) of the Reserve Bank of India on Wednesday (December 7) hiked the key policy rate, the repo rate or the rate at which the RBI lends funds to banks, by 35 basis points to 6.25 per cent in a bid […]
About RoDTEP scheme
Focus: GS III- Indian Economy Why in News? Taking a major step to boost exports, Centre further expanded the scope of RoDTEP Scheme (Remission of Duties and Taxes on Exported Products) by including the exports made from the Chemical sector, Pharmaceuticals sector and exports of articles of iron & steel About RoDTEP scheme: Need for the RoDTEP […]
First Loss Default Guarantee (FLDG) system
Context: Two months after the RBI issued guidelines on digital lending, banks, NBFCs and fintech players are still awaiting clarity on many aspects, including the First Loss Default Guarantee (FLDG) system. Relevance: GS III: Indian Economy Dimensions of the Article: What is FLDG System? Issues with FLDGs -Source: The Hindu
UPI Market Cap Deadline
Context: The National Payments Corporation of India (NPCI) has extended by two years the deadline to comply with its 30 per cent cap on the market share of platforms operating on the Unified Payments Interface (UPI). Relevance: GS III: Indian Economy Dimensions of the Article: What is Unified Payments Interface (UPI)? Why did NPCI extend […]
The New Economic Growth Data
Context Relevance GS Paper 3: Economic growth Mains Question “The MSMEs sector is referred to as the Indian economy’s growth engine.” In light of this statement, discuss the challenges and solutions facing India’s MSMEs sector. (250 words) Before proceeding to data, key terminologies must be understood. Key findings from recently released data Optimistic outlook Far […]
Central Bank Digital Currency
Context: Reserve Bank of India (RBI) has announced the launch of India’s much-awaited Central Bank Digital Currency (CBDC), a sort of official cryptocurrency, for retail users from December 1. Relevance: GS III: Indian Economy Dimensions of the Article: What’s RBI’s plan? What is E-rupee? What are the types of e-rupee? Based on the usage and […]
International Year of Millets 2023
Focus: GS III: Indian Economy Why in News? The Union Agriculture and Farmers Welfare Minister has said the International Year of Millets (IYOM) – 2023 will provide an opportunity to increase global production, efficient processing and better use of crop rotation and promote millets as a major component of the food basket. About International Year […]
What is a loan Write-Off?
Context: Banks wrote off more than Rs 10 lakh crore in loans over the last five years, according to RBI data obtained under the Right to Information (RTI) Act. Relevance: GS III: Indian Economy Dimensions of the Article: What is a loan write-off? Why do banks resort to write-offs? -Source: Indian Express