What is National Coal Index (NCI)
Context: The Ministry of Coal has launched the sixth round of commercial coal mines’ auction for 141 coal mines. As per the provisions of the tender document, the Performance Bank Guarantee (PBG) to be submitted for each successfully auctioned coal mine is to be revised annually based on the National Coal Index (NCI). Relevance: GS […]
Old Pension Scheme vs National Pension Scheme
Context: The Reserve Bank of India (RBI) has cautioned states against reverting to the old pension scheme (OPS), which was in vogue till 2004, stating that it will add to the fiscal burden of States in the coming years. Relevance: GS III: Indian Economy Dimensions of the Article: What did RBI say about the old […]
National Level Multistate Cooperative Export Society
Focus: GS III: Indian Economy Why in News? The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, has approved the setting up and promotion of a National Level multistate cooperative export society under the Multi State Cooperative Societies (MSCS) Act, 2002. About National Level Multistate Cooperative Export Society Benefits What are multi-State cooperatives?
What Are Sovereign Green Bonds?
Context: Recently, the Reserve Bank of India (RBI) announced that it will, for the first-time, issue Sovereign Green Bonds (SgrBs) worth Rs 16,000 crore, in two tranches of Rs 8,000 crore each in the current financial year. The RBI said it will issue 5-year and 10-year green bonds of Rs 4,000 crore each on January […]
Small Savings Schemes
Context: Amid rising yields on government securities, the Finance Ministry recently hiked the interest rates for some small savings schemes by 20-110 basis points for the January-March quarter. While the hike will serve as protection against high inflation and interest rates, the small savings rates are still below desired levels. Relevance: GS III- Indian Economy […]
What is Purchasing Managers’ Index
Context: As per the S&P Global India Manufacturing Purchasing Managers’ Index (PMI), the manufacturing sector in India had its most significant production growth in 13 months in December 2022. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources) Dimensions of the Article: What is Purchasing Managers’ Index (PMI)? Understanding PMI -Source: […]
Systemically Important Banks
Context: State Bank of India, ICICI Bank, and HDFC Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India (RBI). Relevance: GS III: Indian economy Dimensions of the Article: What are Systemically Important Banks (SIBs)? Types of SIBs How are D-SIBs determined? What regulations do these banks need […]
Crypto Awareness Campaign
Context: The Investor Education and Protection Fund (IEPF) will launch an outreach programme soon to create awareness of cryptocurrencies. Relevance: GS III- Indian Economy Dimensions of the Article: What are cryptocurrencies? How are they different from actual currency? How do cryptocurrencies derive their value? What is the state of cryptocurrency right now? What are the […]
Supreme Court’s Verdict on Demonetisation
Context: Recently, A majority of four judges on a Constitution Bench of the Supreme Court found no flaw in the Union government’s process to demonetise ₹500 and ₹1,000 banknotes through a Gazette notification issued on November 8, 2016. Relevance: GS-III: Indian Economy (Fiscal Policy, Government Policies and Initiatives) Dimensions of the Article: What is the […]
Unified Payments Interface
Focus: GS III: Indian Economy Why in News? The Prime Minister has lauded fellow Indians for embracing digital payments as India reached a milestone of 782 Crore UPI Transactions worth ₹12.8 Lakh Crore in Dec 2022. What is Unified Payments Interface (UPI)? National Payments Corporation of India