About Open Network for Digital Commerce
Focus: GS III- Indian Economy Why in News? The Union Minister of Commerce & Industry chaired a Advisory Council Meeting of the Open Network for Digital Commerce (ONDC) initiative of DPIIT. About Open Network for Digital Commerce (ONDC) project The Open Network for Digital Commerce (ONDC) is a project which is an initiative of the […]
Open Network For Digital Commerce
Context: The government of India announced the launch of the pilot phase of open network for digital commerce (ONDC) in five cities in late April with an aim to “democratise” the country’s fast growing digital e-commerce space that is currently dominated by the two U.S.-headquartered firms — Amazon and Walmart. Relevance: GS III- Indian Economy […]
High Inflation – ‘A Major Concern’
Context: Reserve Bank of India (RBI) Governor Shaktikanta Das has said as “high inflation continues to be the major concern. Relevance: GS-III Indian Economy Dimensions of the Article: Key Points About Monetary Policy Committee (MPC) Repo rate Reverse Repo rate Key Points: The Governor of RBI said that “high inflation continues to be the major […]
Production-Linked Incentive (PLI) Scheme
Context: The Department of Telecommunications (DoT) has extended the production-linked incentive (PLI) scheme for telecom by one year, and has amended the scheme to raise the incentive rate by an additional 1 per cent, aimed towards incentivising design-led manufacturing in the sector. Relevance: GS III- Indian Economy Dimensions of the Article: Details What is a […]
Black Swan Event
Context: A study by the Reserve Bank of India (RBI) has spoken about the possibility of capital outflows to the tune of $100 billion (around Rs 7,80,000 crore) from India in case of a major global risk scenario or a “black swan” event. Relevance: GS III- Indian Economy Dimensions of the Article: What is a […]
WTO Ministerial Conference
Context: Recently, member countries of the World Trade Organization (WTO) wrapped up the Ministerial Conference’s twelfth outing (MC12) securing agreements on relaxing patent regulations to achieve global vaccine equity; ensuring food security, according subsidies to the fisheries sector and continuing moratoriums relevant to e-commerce, among others. Relevance: GS III- Indian Economy Dimensions of the Article: […]
World Competitiveness Index 2022
Context: Recently, the annual World Competitiveness Index was released by the Institute for Management Development (IMD). IMD is a Swiss foundation, based in Switzerland, dedicated to the development of international business executives at each stage of their careers Relevance: GS III- Indian Economy Dimensions of the Article: World Competitiveness Yearbook (WCY) Highlights of the Index India’s […]
The Reasons Behind the Crashing Crypto Market
Context Bitcoin and many other cryptocurrencies have been crashing since they hit an all-time high late last year. Bitcoin has lost more than two-thirds of its value since it hit a peak of around $69,000 in November last year and is currently trading at around the $22,000 mark. Ethereum, another cryptocurrency popular among investors, has […]
Soverign Gold Bond Scheme
Focus: GS II- Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in News? The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds in tranches About Soverign Gold Bond Scheme (SGB) The Sovereign Gold Bond Scheme was introduced in […]
Periodic Labour Force Survey
Context: The unemployment rate saw a decrease of 0.6% and fell to 4.2% in 2020-21, compared with 4.8% in 2019-20, according to the Periodic Labour Force Survey (PLFS) for 2020-21 released by the Ministry of Statistics and Programme Implementation. This means that only 4.2% of adults who looked for jobs could not get any work […]