Role of Banks in a Knowledge Economy
Context: Intellectual property (IP)-based debt financing presents a significant opportunity for Indian banks to expand their balance sheets and increase their interest income. Recognizing the crucial role of IP rights in propelling India towards its goal of becoming a developed economy, the country, with its emphasis on knowledge and innovation, stands at an advantageous position. Relevance: GS3- […]
GI tag for Arunachal Yak Churpi
Context: Recently, the Jaderi namakatti was given the GI tag by the Geographical Indications Registry in Chennai. Relevance: GS III: Indian Economy Dimensions of the Article: Jaderi Namakatti: A Traditional Clay Craft Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry:
World Economic Outlook: IMF
Context: Recently, the International Monetary Fund (IMF) has released its World Economic Outlook 2023 titled- Navigating Global Divergence, which stated that the Indian Economy will grow faster than previously estimated. Relevance: GS III: Indian Economy Dimensions of the Article: Key Highlights of the World Economic Outlook: Global GDP Growth Chinese Economy Global Inflation Factors Affecting Growth IMF Recommendations Findings Related […]
About Goan Cashew
Context: Recently, Goan cashew (kernel) got the geographical indication (GI) tag. Relevance: GS III: Indian Economy Dimensions of the Article: Cashew in India Climatic Conditions Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry: -Source: Indian Express
GI tag for Arunachal Yak Churpi
Context: Arunachal Pradesh has recently received the Geographical Indication (GI) tag for Arunachal Yak Churpi, Khaw Tai (Khamti rice), and Tangsa textile. Relevance: GS III: Indian Economy Dimensions of the Article: Unique Characteristics of Arunachal Yak Churpi: Distinctive Features of Khaw Tai (Khamti Rice): Special Characteristics of Tangsa Textile: Geographical Indications (GI) Tag Definition and Importance: Administration and […]
RBI’s Decision in the Recent MPC Meeting: Keeping Repo Rate Unchanged
Context: Recently, Reserve Bank of India (RBI) in its bimonthly Monetary Policy Committee (MPC) Meeting has retained benchmark interest rates unchanged for the 4th time in a row. The MPC kept the policy Repo Rate Unchanged at 6.50%. Relevance: GS III: Indian Economy Dimensions of the Article: Key Takeaways from the MPC Meeting In the most recent MPC (Monetary Policy Committee) meeting, several […]
Outcome GST Council Meeting
Context: The GST Council, on the last Saturday, addressed numerous ambiguities in tax treatment that have persisted since the launch of the indirect tax regime in July 2017. Relevance: GS3-Economy Mains Question: Stressing on the outcomes of the recent GST Council meeting, analyse what more can be done to address the concerns that still hamper the […]
Periodic Labour Force Survey (PLFS)
Context: The recent Periodic Labour Force Survey (PLFS) has reported that the unemployment rate in the country has shown a decrease between April and June 2023. Relevance: GS III: Indian Economy Dimensions of the Article: Key Findings on Labour Force Participation and Worker-Population Ratio: Definition of Unemployment: Measurement of Unemployment Rate: Periodic Labour Force Survey […]
Yak Churpi: A Dairy Product from Arunachal Pradesh
Context: In a significant milestone for the northeastern state of Arunachal Pradesh, the unique and culturally significant yak milk product, ‘Yak Churpi,’ has been granted the coveted Geographical Indication (GI) tag. Relevance: GS III: Indian Economy Dimensions of the Article: Yak Churpi: A Dairy Product from Arunachal Pradesh Yak Breed in Arunachal Pradesh: Nature of […]
National Investment and Infrastructure Fund
Context: Recently, the National Investment and Infrastructure Fund has entered into a collaboration with Japan Bank for International Cooperation (JBIC) to unveil a $600 million India-Japan Fund. Relevance: GS III: Indian Economy Dimensions of the Article: What is NIIF? Types of funds in NIIF Functions of NIIF -Source: The Hindu