About Authorised Economic Operator (AEO) Programme
Context: Recently, the gem and jewellery sector has been granted Authorised Economic Operator (AEO) status by the Ministry of Finance, easing export-import processes with shorter cargo release times and reduced bank guarantees. Relevance: GS III: Indian Economy Dimensions of the Article: About Authorised Economic Operator (AEO) Programme Overview of the AEO Programme Benefits of AEO Status Eligibility […]
RBI’s Aspirational Goals for India’s Fast-Growing Economy
Context: Recently, the Reserve Bank of India (RBI) has outlined several aspirational goals in preparation for India’s fast-growing economy, aiming to be “future-ready” by the time it reaches its centenary year, RBI@100. Relevance: GS III: Indian Economy Dimensions of the Article: What are the Aspirational Goals of RBI? Capital Account Convertibility: Non-Resident Transactions: Digital Payment […]
About Duty Drawback Scheme
Context: The Central Board of Indirect Taxes and Customs (CBIC) recently started automatic electronic payment of duty drawback amounts directly into exporters’ bank accounts. Relevance: GS III: Indian Economy Dimensions of the Article: About Duty Drawback Scheme Key Facts about Central Board of Indirect Taxes and Customs (CBIC) -Source: The Hindu
Household Consumption Expenditure Survey
Context: Recently, the detailed report of Household Consumption Expenditure Survey (HCES) 2022-23 was released by Ministry of Statistics and Programme Implementation (MoSPI). Relevance: GS III: Indian Economy Dimensions of the Article: What is the Household Consumption Expenditure Survey? Highlights of the Recent Household Consumption Expenditure Survey National Statistical Office (NSO): -Source: Indian Express
About Pump and Dump Scheme
Context: The Securities Exchange Board of India’s (SEBI) recently slapped a fine of Rs 7.75 crore on 11 individuals for allegedly operating a ‘pump and dump’ scheme. Relevance: GS III: Indian Economy About Pump and Dump Scheme: How Pump and Dump Schemes Work: Impact: *Under the SEBI guidelines, pump and dump schemes are entirely prohibited. […]
Public Sector Banks Issue Look-out Circulars
Context: Since 2018, six Public Sector Banks (PSBs) have issued 1,071 Look-out Circulars (LOCs) to prevent wilful defaulters from absconding to other countries. Relevance: GS III: Indian Economy Dimensions of the Article: What is a Look-Out Circular (LOC)? Issuance and Validity Maintenance and Action Power of Public Sector Banks (PSBs) About Wilful Defaulter: Criteria for […]
About Bank Clinic
Context: The All India Bank Employees’ Association (AIBEA) has launched the “Bank Clinic” initiative to assist bank customers with grievance redressal. Relevance: GS III: Indian Economy About Bank Clinic How It Works Benefits What is AIBEA? -Source: Economic Times
Persistent Underrepresentation of Women in Indian Corporate Leadership
Context: A recent report titled “Women in Leadership in Corporate India” by a networking platform has highlighted the persistent underrepresentation of women in leadership positions across Indian corporates. The percentage of women in these roles has remained stagnant below 30% for a considerable period. Relevance: GS III: Indian Economy Dimensions of the Article: Report Findings […]
Adani Group Accused of Mislabeling Coal Quality in 2014
Context: A recent report by the Organized Crime and Corruption Reporting Project alleges that in 2014, the Adani Group falsely labeled low-grade Indonesian coal as high-quality, inflating its value before selling it to Tamil Nadu’s power generation company, TANGEDCO. The reporting project is backed by billionaire hedge fund manager and philanthropist, George Soros. Relevance: GS […]
Pre-Packaged Insolvency Resolution Process
Context: The Pre-packaged Insolvency Resolution Process (PPIRP) has resulted in the full settlement of operational creditors’ claims in five cases. Relevance: GS III: Indian Economy About Pre-packaged Insolvency Resolution Process: Introduction: Purpose: Process: Initiation: Significance: -Source: The Economic Times