Australia to Give Minerals to Indian EV Makers
Context: Australia is all set to supply critical minerals required for India’s electric vehicles, solar power projects and other strategic areas, said Canberra’s Minister for Resources and Minister for Northern Australia Madeleine King on Monday. Relevance: GS III- Indian Economy (Infrastructure) Dimensions of the Article: Key Points Unlocking Australia-India critical minerals partnership potential Eight priority […]
What Are G-Sec Yields?
Context: Recently, the government said that it had decided to keep interest rates on small savings instruments unchanged for the July-September quarter, defying expectations of a hike in rates given the sharp rise in government security (G-sec) yields over the last three months. Relevance: GS III- Indian Economy Dimensions of the Article: What are G-Sec […]
Small Savings Schemes
Context: Recently, the government kept interest rates unchanged on Small Savings Schemes, including NSC (National Savings Certificate) and PPF (Public Provident Fund), for the second quarter of 2022-23 amid high inflation and rising interest rate. The interest rate on small savings schemes has not been revised since the first quarter of 2020-21. Relevance: GS III- Indian […]
Self-Help Groups (SHGs)
Context: Government is aiming at raising the annual income of each woman in Self-Help Groups (SHGs) to Rs 1 lakh by 2024. Relevance: GS III- Indian Economy Dimensions of the Article: What are SHGs? General Issues related to SHGs Socio-Cultural Hurdles in Penetration of SHGs in Rural Areas Measures Taken by the Government to Promote […]
The Free Fall of The Rupee
Context: The Indian rupee hit an all-time low against the U.S. dollar this week weakening past the 79 rupees to a dollar mark and selling as low as 79.05 against the dollar. Relevance: GS III- Indian Economy Dimensions of the Article: What is happening with the rupee? What determines the rupee’s value? What is Currency […]
Govt. Hikes GST For Household Items
Context: The Goods and Services Tax (GST) Council has decided to hike and lower GST on certain commodities. Relevance: GS III- Indian Economy Dimensions of Article: Details What is GST? What are GST Slabs? Details From July 18, tax hikes will kick in for over two dozen goods and services, ranging from unbranded food items, […]
Primary Agricultural Credit Society
Context: The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to digitise around 63,000 primary agricultural credit societies (PACS). Relevance: GS III- Indian Economy Dimensions of the Article: About primary agricultural credit societies Objectives of PACS Functions of PACS Why need digitization? About primary agricultural credit societies: PACS is the smallest cooperative credit […]
GST Council
Context: The 47th meeting of the Goods and Services Tax Council began in Chandigarh, almost marking five years of the tax system coming into effect on July 1, 2017. Relevance: GS III- Indian Economy Dimensions of the Article: What is GST? GST Council What has changed this time? What is GST? GST is a destination-based […]
GST Compensation Cess
Context: The Centre has extended the time for levy of GST compensation cess by almost four years till March 31, 2026. Relevance: GS-III: Indian Economy (Taxation, Government Policies and Initiatives) Dimensions of the Article: What is GST? What is GST Compensation Cess? Issue with GST Compensation Cess What is GST? GST is a destination-based indirect […]
What Are Cooperative Banks?
Context: Recently, the Minster of Home Affairs and Cooperation has addressed a conclave, organised by the National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB), emphasising the needed Reforms for Urban Cooperative Banks (UCB). Relevance: GS-III: Indian Economy (Banking) Dimensions of the Article: What are Cooperative Banks? Structure of co-operative banks in India Importance of […]