About The Government Securities (G-Secs)
Context: State governments have recently raised a record Rs 50,206 crore via the auction of State Development Loan (SDL) Bonds, representing the largest weekly borrowing in history. This significant achievement surpassed the Reserve Bank of India’s indicative borrowing target of Rs 27,810 crore for the period, underscoring robust demand for state government securities in the […]
About World Inequality Lab
Context: According to a paper released by the World Inequality Lab, the shares of income and wealth of India’s top 1% at 22.6% and 40.1% respectively is at their highest historical levels in 2022-23. Relevance: GS III: Indian Economy Dimensions of the Article: World Inequality Lab (WIL): An Overview Key Findings from WIL’s Working Paper: […]
About Reverse Flipping
Context: Startups such as Pine Labs, Zepto, Meesho are the latest new-age companies looking to move headquarters to India. Relevance: GS III: Indian Economy About Reverse Flipping: What is Flipping? Harm to India from Flipping: -Source: The Economic Times
Simplifying and Rationalising the Goods and Services Tax
Context: A Committee of Ministers (CoM) appointed by the GST (Goods and Services Tax) Council is presently reassessing the new tax framework, with a primary focus on achieving ‘simplification’ and ‘rationalization’ as core objectives. GST, a unified nationwide tax system, amalgamates more than a dozen taxes from the pre-GST era. Implemented across India, it incorporates a provision for […]
About Passing off under Trademark
Context: The Delhi High Court recently cancelled a trademark registration titled “Dolma Aunty Momos” in the name of one Mohammed Akram Khan, after Dolma Tsering moved court against him for using her trademark. Relevance: GS III: Indian Economy About Passing off under Trademark Passing off is a legal concept under trademark law that aims to […]
Cuttack Rupa Tarakasi (Silver Filigree) Receives
Context: The prestigious Cuttack Rupa Tarakasi, known for its intricate silver filigree work, has been awarded the Geographical Indication (GI) tag, recognizing its unique cultural heritage and skilled craftsmanship. Relevance: GS II: Indian Economy Dimensions of the Article: Cuttack Rupa Tarakasi Receives Geographical Indication (GI) Tag Historical Roots and Cultural Exchange Definition of Filigree Diversity […]
About Regulatory Sandbox
Context Recently, the Reserve Bank of India (RBI) revised the timeline for the completion of various stages of a Regulatory Sandbox (RS) to nine months from the previous seven months. Relevance: GS III: Indian Economy Dimensions of the Article: Introduction to Regulatory Sandbox (RS) Objectives Target Applicants Associated Benefits of Regulatory Sandbox Challenges of Regulatory Sandbox -Source: Indian Express
USOF Signs MoU to Democratize Digital Services Access in Rural India
Context The Universal Service Obligation Fund (USOF), operating under the Department of Telecommunications (DoT), has entered a tripartite Memorandum of Understanding (MoU) with Prasar Bharati and Open Network for Digital Commerce (ONDC) to enhance digital services accessibility in rural India. This collaboration underscores efforts to bridge the digital divide and promote inclusivity by expanding digital […]
Human Development Index
Context India’s ranking on the United Nations Human Development Index (HDI) improved by one position in 2022 to 134 out of 193 countries ranked compared to 135 out of 191 countries in 2021.Switzerland has been ranked number one. Relevance: GS III: Indian Economy Dimensions of the Article: The Human Development Index (HDI) Background Key Highlights […]
About the Index of Industrial Production
Context: The Ministry of Statistics and Programme Implementation recently released the Quick Estimates of the Index of Industrial Production (IIP) for January 2024, revealing a growth of 3.8 percent. Relevance: GS III: Indian Economy Dimensions of the Article: About the Index of Industrial Production (IIP): About Laspeyre’s formula: -Source: The Hindu