National Financial Reporting Authority
Context: NFRA recently pulled up a section of India Inc, including “a large listed firm”, for not complying with Indian Accounting Standards (Ind AS) Relevance: GS III: Indian Economy Dimensions of the Article: National Financial Reporting Authority (NFRA): Functions and Duties Powers -Source: Times of India
Foreign Trade Policy 2023
Context: Recently, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles launched the Foreign Trade Policy (FTP) 2023 which came into effect from April 1, 2023. Relevance: GS III: Indian Economy Dimensions of the Article: Overview of FTP 2023 FTP 2023, also known as the Foreign Trade Policy 2023, is […]
A Resilient Supply Chain Could Make India A Wind Manufacturing Hub
Context According to the Global Wind Energy Report 2023 of the Global Wind Energy Council, India has the potential to develop into a major hub for wind energy manufacturing worldwide. (GWEC). Relevance GS Paper-3: Economic Development, Biodiversity, Environment Mains Question Discuss the obstacles that must be overcome in order to overcome the potential for growth in […]
Remission of Duties and Taxes on Exported Products Scheme
Context: Recently, the central government has extended export benefits under the RoDTEP scheme to 18 items related to the textiles sector, including saari and lungi, intending to boost shipments of these goods. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Taxation) Dimensions of the Article: Remission of Duties and Taxes on Exported Products […]
International Monetary Fund
Context: The International Monetary Fund (IMF) last week confirmed a $3 billion bailout plan for Sri Lanka’s struggling economy. Relevance: GS III: Indian Economy Dimensions of the Article: Reasons for Nations Seeking an IMF Bailout Currency Crisis and its causes Domestic Economic Policies and Bad Luck How does the IMF help countries? About International Monetary […]
NEER Vs REER Explained: Understanding How Currencies Are Compared to a Basket of Trading Partners
Relevance: GS Paper 3, Indian Economy Q. With reference to the Indian economy, consider the following statements:1. An increase in Nominal Effective Exchange Rate (NEER) indicates the appreciation of rupee.2. An increase in the Real Effective Exchange Rate (REER) indicates an improvement in trade competitiveness.3. An increasing trend in domestic inflation relative to inflation in […]
Gati Shakti : Third pillar of Amrit Kaal Growth Strategy
Context A crucial third pillar of facilitating free movement supports the two policy pillars of green growth and domestic manufacturing for Atmanirbhar Bharat in the nation. Therefore, this third pillar entails building infrastructure that will lower logistics costs while also improving India’s transportation efficiency. Relevance GS Paper-3: Indian Economy and issues relating to planning, mobilization, of […]
The Importance of Rising India-EU Petroleum Product Exports
Context Relevance GS Paper-3: Indian Economy and issues relating to Planning, Mobilisation of Resources, Growth, Development and Employment. Mains Question Talk about the significance of the Russian oil price cap and the recent sequential increase in India’s exports of petroleum products to the EU. (150 words) Important Points Directorate General of Commercial Intelligence & Statistics (DGCIS) […]
About India Post Payments Bank
Focus: GS III- Indian Economy Why in News? MD and CEO of India Post Payments Bank (IPPB) recently said that IPPB wants to convert itself to a universal bank. About India Post Payments Bank (IPPB)
A Global Ocean Treaty Benefits Everyone
Context It was recently decided in New York to ratify the UN High Seas Treaty, which will aim to protect 30% of international waters by 2030. Relevance GS Paper-3: Economic Development, Biodiversity, and Environment. Mains Question Talk about how human activity affects ocean biodiversity and what can be done to preserve and restore it. (150 Words) […]