Prepaid Payment Instruments
Context: Recently, the Reserve Bank of India (RBI) permitted all inbound travellers from the Group of Twenty (G-20) countries and non-resident Indians to access Unified Payment Interface (UPI) for their merchant payments (P2M) at select airports while they are in the country. Relevance: GS III: Indian Economy Dimensions of the Article: What does it mean? […]
India Must Avoid Growing Into A Dystopia
Context Relevance GS Paper-3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment Mains Question What actions can be taken, especially in light of the country’s persistent poverty, to balance India’s pursuit of economic growth with the need to create employment and address ecological insecurity? (150 Words) Growth Objectives India and […]
For Economic Resilience India Must Lower Public Debt
Context Relevance GS Paper-3: Indian Economy and issues relating to planning, mobilization of resources, growth, development, and employment Mains Question To increase economic resilience for the upcoming years, the public debt ratio needs to return to levels that were at least pre-pandemic. Discuss. (150 words) Public Debt in India Sources of Public Debt Fiscal Deficit THE […]
North East Special Infrastructure Development Scheme
Focus: GS III- Indian Economy, Infrastructure Why in News? In all, 145 projects have been approved/sanctioned for a total cost of Rs.3392.98 crore under North East Special Infrastructure Development Scheme (NESIDS) since inception. About North East Special Infrastructure Development Scheme Nodal: Ministry of Development of North East Region. Objectives Beneficiaries Implementation Significance
RBI Lifts Loan Costs To Tame Inflation
Context: The Monetary Policy Committee (MPC) of the Reserve Bank of India recently raised the benchmark lending rate by 25 basis points (bps) to 6.5%. Relevance: GS-III: Indian Economy (Economic Growth and Development in India, Monetary Policy) Dimensions of the Article: RBI’s MPC decision Instruments of Monetary Policy There are several direct and indirect instruments […]
Primary Agricultural Credit Societies (PACS)
Context: The Union Budget has announced Rs 2,516 crore for computerisation of 63,000 Primary Agricultural Credit Societies (PACS) over the next five years, with the aim of bringing greater transparency and accountability in their operations and enabling them to diversify their business and undertake more activities. Relevance: GS III- Indian Economy Dimensions of the Article: […]
On Budget Allocation for the Ministry of Science and Technology
Context The Union Ministry of Science and Technology will receive Rs 16,361 crore from the Center, which represents just 0.36 percent of the total Union Budget for 2022–23. Relevance: GS Paper-3: Indian Economy and issues relating to Planning, Mobilization of Resources; Government Budgeting; Science and Technology- Developments and their Applications and Effects in Everyday Life Mains […]
Urban Infrastructure Development Fund (UIDF)
Context: Finance Minister recently announced that government will set up an Urban Infrastructure Development Fund (UIDF) of Rs 10,000 crore per year for creating infrastructure in Tier-2 and Tier-3 cities. Relevance: GS III: Indian Economy Dimensions of the Article: Urban Infrastructure Development Fund (UIDF) Classification of Cities: Rural Infrastructure Development Fund (RIDF) -Source: The Hindu
Additional Surveillance Mechanism
Context: Recently, The National Stock Exchange (NSE) placed Adani Enterprises, Adani Ports, and Ambuja Cements under the additional surveillance mechanism (ASM), Reuters reported. This means trading in their shares will require a 100% margin, which is aimed at curbing speculation and shortselling. Relevance: GS III: Indian Economy Dimensions of the Article: Additional Surveillance Mechanism (ASM) […]
What Is Angel Tax?
Context: A recently proposed detail has Indian start-ups worried. These new age firms, that offer their shares to foreign investors, may have to pay ‘angel tax’, which was earlier only supposed to be paid for investments raised by resident Indian investors, as per a motion made in the Finance Bill, 2023. Relevance: GS III: Indian […]