About The Urban Infrastructure Development Fund (UIDF)
Context: Officials from the Union Housing and Urban Affairs Ministry recently said the first tranche of loans to fund ongoing projects in tier-2 and tier-3 cities – under the Urban Infrastructure Development Fund (UIDF) will likely be disbursed soon. Relevance: GS III: Indian Economy Dimensions of the Article: Urban Infrastructure Development Fund (UIDF) Classification of […]
About Koraput Kalajeera Rice
Context: Recently, Koraput Kalajeera Rice,’ an aromatic rice, has got Geographical Indications status. Relevance: GS III: Indian Economy Dimensions of the Article: About Koraput Kalajeera Rice Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry:
Production Linked Incentive (PLI) Scheme for IT Hardware
Context: As part of its renewed PLI scheme for IT hardware, the Centre has received applications from 38 entities (Asus, Dell, HP, Foxconn, etc., excluding Apple), that want to manufacture laptops, personal computers and servers in India. The development comes weeks after the Centre imposed and then postponed a licensing requirement on the import of […]
About The Start Ups 2.0
Context Relevance: GS3- Indian economy Mains Question: Analyze the Indian startup landscape post covid19 pandemic. What can be done to strengthen the startup ecosystem in India? (15 marks, 250 words). Analyzing the Struggles of Indian Start-ups: Signs of Growth: Conclusion: The growing interest of FPIs in select start-ups suggests that companies demonstrating sound financial metrics […]
Core Sectors Expand by 8% in July
Context: In a noteworthy development, all eight of India’s key infrastructure industries demonstrated year-on-year growth in July, marking the first occurrence of such growth in 14 months. Relevance: GS3-Indian Economy Dimensions of the article: Trends in core sectors: The core sectors collectively exhibited an average output increase of 8%, following a robust surge of 8.3% in […]
UPI Achieves Milestone of 10 Billion Transactions in August
Context: Unified Payments Interface (UPI), an instant payment system, has achieved a significant milestone by surpassing 10 billion transactions in the month of August, according to the National Payments Corporation of India (NPCI). In July, UPI recorded 9.96 billion transactions with a total value of Rs 15.34 lakh crore, based on data from NPCI. Relevance: […]
Economy Grows 7.8%, Fastest in 4 Quarters
Context: The growth of India’s Gross Domestic Product (GDP) and the Gross Value Added (GVA) within the economy accelerated to a four-quarter peak of 7.8% during the initial quarter of this fiscal year. Relevance: GS3-Economy Dimensions of the article: Growth across various sectors Gross Domestic Product (GDP) Gross Domestic Product (GDP) quantifies the monetary valuation […]
About A Regional Rural Banks
Context: Union Finance Minister recently emphasised regional rural banks (RRBs) to upgrade their digital capability and increase penetration under Pradhan Mantri Mudra Yojana. Relevance: GS II: Indian Economy Dimensions of the Article: What are Regional Rural Banks (RRBs)? Set up on the recommendations of Narasimhan Committee on Financial Inclusion in 1976. Shareholding: Functions of RRBs: Issues Related […]
About A Insurance Surety Bonds
Context: Recently, the National Highways Authority of India (NHAI) organised a brainstorming session with stakeholders to expedite the adoption of Insurance Surety Bonds for its contracts. Relevance: GS III: Indian Economy Dimensions of the Article: Insurance Surety Bonds: Parties Involved: Advantages of Insurance Surety Bonds
India Post Payments Bank
Context: India Post Payments Bank (IPPB) has marked a significant milestone in the world of banking services with its continued profit streak, demonstrating its commitment to sustainable financial inclusion and citizen empowerment. Relevance: GS III- Indian Economy About India Post Payments Bank (IPPB)