Imposing Daily Limits on UPI Transactions
Context: With a significant increase in Unified Payments Interface (UPI) transactions, banks and UPI apps have taken the decision to impose daily limits on UPI transactions. This decision comes in addition to the limits already set by the National Payments Corporation of India (NPCI) in 2021. Relevance: GS III: Indian Economy Dimensions of the Article: […]
About The Gulabi Meenakari Handicraft
Context: The Uttar Pradesh state government has decided to gift GI-tagged Gulabi meenakari handicrafts to the visiting delegates from G20 nations. Relevance: GS III: Indian Economy Dimensions of the Article: Gulabi Meenakari Handicraft: A Unique Craft from Varanasi Gulabi Meenakari is popularly found in three forms: Geographical Indications (GI) Tag Definition and Importance: Administration and […]
Primary Agricultural Credit Societies (PACS)
Context: Ministry of Cooperation issued a statement that Primary Agricultural Credit Societies (PACS) can also be employed as drone entrepreneurs for spraying fertilisers and pesticides. Relevance: GS III- Indian Economy Dimensions of the Article: About Primary agricultural credit societies: Objectives of PACS Functions of PACS -Source: Indian Express
RBI Monetary Policy Update
Context: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged. Relevance: GS III: Indian Economy Dimensions of the Article: Key Details: Repo Rate: Standing Deposit Facility (SDF): Marginal Standing Facility (MSF) Rate: Bank Rate: About Monetary Policy Committee […]
About Surplus liquidity
Context: Recently, the net liquidity in the banking system in India increased to Rs 2.59 lakh crore on June 4, 2023. However, the surplus liquidity in the banking system is likely to decline to around Rs 1.5 lakh crore over the next few days from the current level of Rs 2.1 lakh crore. Relevance: GS […]
Tracking SDG7: The Energy Progress Report 2023
Context: A recent report, titled “Tracking SDG7: The Energy Progress Report 2023,” was released through collaboration between the International Energy Agency (IEA), International Renewable Energy Agency, United Nations Statistics Division, World Bank, and the WHO. Relevance: GS III: Indian Economy Dimensions of the Article: Sustainable Development Goal 7 Current Status: Sustainable Development Goal 7 (SDG7): SDG7 aims to ensure “affordable, […]
What is Prepaid Payment Instrument?
Context: A committee reviewing customer service standards for RBI (Reserve Bank of India) regulated entities has recommended the extension of Deposit Insurance and Credit Guarantee Corporation (DICGC) toPrepaid Payment Instrument (PPI) to protect against fraud and unauthorized transactions. Relevance: GS III: Indian Economy Dimensions of the Article: What are PPIs? What is PPI interoperability? How […]
Low-cost Finance For Energy Transition
Context: A recent report called ‘Low-cost finance for energy transition,’ released by the International Renewable Energy Agency (IRENA), has recognized and praised India’s outstanding progress in expanding its renewable energy capacity. Relevance: GS III: Indian Economy Dimensions of the Article: Key Highlights of the Report: Unprecedented Growth in Renewable Energy Sector: Renewable Energy Attractive Index: […]
World’s Largest Grain Storage Plan in the Cooperative Sector
Context: The Union Cabinet has given its approval for the establishment of the “world’s largest grain storage plan in the cooperative sector” with an outlay of around Rs 1 lakh crore. Relevance: GS III: Indian Economy Dimensions of the Article: Major Highlights Related to Grain Storage Plan: Objectives: Focus on Agricultural Infrastructure: Convergence of Schemes: […]
Li-ion Battery Recycling Technology
Focus: GS III: Indian Economy Why in News? Recently, the Ministry of Electronics and Information Technology (MeitY) transferred cost-effective Lithium-ion battery recycling technology to nine recycling industries and start-ups. About Li-ion battery recycling technology: About Lithium: Occurrence: Uses: Lithium has a range of industrial applications, including: