Central Bank Digital Currency
Context: According to the recent reports the Reserve Bank of India’s (RBI) digital rupee — the Central Bank Digital Currency (CBDC) — may be introduced in phases beginning with wholesale businesses in the current financial year. Relevance: GS III: Indian Economy Dimensions of the Article: About Central Bank Digital Currency (CBDC) Why are central banks […]
The ‘Developed Country’ Goal
Context: In his Independence Day address, Prime Minister asked Indians to embrace the “Panch Pran” — five vows — by 2047 when the country celebrates 100 years of independence. The ‘developed country’ goal is the first of the five vows that Prime Minister exhorted Indians to take during his address to the nation on Independence […]
Emergency Credit Line Guarantee Scheme
Context: The Union Cabinet, chaired by the Prime Minister has approved the enhancement in the limit of Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore from Rs. 4.5 Lakh crore to Rs. 5 Lakh crore, with the additional amount being earmarked exclusively for enterprises in hospitality and related sectors. The increase has been […]
Ude Desh Ka Aam Naagrik (UDAN)
Focus: GS III- Indian Economy Why in News? Ministry of Civil Aviation’s flagship program Regional Connectivity Scheme UDAN (UdeDeshkaAamNagrik) has completed 5 years of success since the launch of it first flight by Prime Minister on 27th April 2017. About Ude Desh Ka Aam Naagrik (UDAN): Nodal: Ministry of Civil Aviation (MoCA) It is an innovative scheme […]
Gold Exchange-Traded Fund
Context: In July 2022, Gold Exchange Traded Funds (ETFs) witnessed a net outflow of Rs 457 crore as investors parked their money in other asset classes as part of their portfolio rebalancing strategy. Relevance: GS III: Indian Economy Dimensions of the Article: About gold exchange-traded fund Benefits of a gold ETF About gold exchange-traded fund: […]
Open Network For Digital Commerce
Context: US firm Microsoft has become the first big tech company to join the Open Network for Digital Commerce (ONDC), a government-backed project which is aimed at enabling small merchants and mom-and-pop stores in parts of the country to access processes and technologies that are typically deployed by large e-commerce platforms such as Amazon and Flipkart. Relevance: GS III- […]
RBI’s Survey On India’s Economy
Context At a time of global uncertainty and rising inflation, two developments in India provide a good indication of the state of the Indian economy. These two events are the release of India’s July trade data and the unveiling of the RBI’s latest monetary policy review. Relevance: GS Paper 3: Indian Economy and issues relating to […]
Ration Mitra Portal
Context: The Centre has launched a common facility to register names in ration cards on a pilot basis for 11 States and Union Territories. Relevance: GS III- Indian Economy (Food Security) Dimensions of the Article: About Ration Mitra About National Food Security (NFS) Act About Ration Mitra Ration Mitra’ Portal aims to enable these States […]
Model Tenancy Act
Context: According to Ministry of Housing and Urban Affairs (MoHUA), Model Tenancy Act has been rectified by only four states, i.e., Andhra Pradesh, Tamil Nadu, Uttar Pradesh, and Assam. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy) Dimensions of the Article: What is the Model Tenancy Act? Significance What is the Model Tenancy […]
RBI Hiked Rates By 50 bps
Context: With inflation remaining at ‘elevated levels’, the Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%. Relevance: GS III: Indian Economy Dimensions of the Article: What is the repo rate? Why is the repo rate such a crucial […]