About Bank Clinic
Context: The All India Bank Employees’ Association (AIBEA) has launched the “Bank Clinic” initiative to assist bank customers with grievance redressal. Relevance: GS III: Indian Economy About Bank Clinic How It Works Benefits What is AIBEA? -Source: Economic Times
Persistent Underrepresentation of Women in Indian Corporate Leadership
Context: A recent report titled “Women in Leadership in Corporate India” by a networking platform has highlighted the persistent underrepresentation of women in leadership positions across Indian corporates. The percentage of women in these roles has remained stagnant below 30% for a considerable period. Relevance: GS III: Indian Economy Dimensions of the Article: Report Findings […]
Adani Group Accused of Mislabeling Coal Quality in 2014
Context: A recent report by the Organized Crime and Corruption Reporting Project alleges that in 2014, the Adani Group falsely labeled low-grade Indonesian coal as high-quality, inflating its value before selling it to Tamil Nadu’s power generation company, TANGEDCO. The reporting project is backed by billionaire hedge fund manager and philanthropist, George Soros. Relevance: GS […]
Pre-Packaged Insolvency Resolution Process
Context: The Pre-packaged Insolvency Resolution Process (PPIRP) has resulted in the full settlement of operational creditors’ claims in five cases. Relevance: GS III: Indian Economy About Pre-packaged Insolvency Resolution Process: Introduction: Purpose: Process: Initiation: Significance: -Source: The Economic Times
Reflecting on the 1991 Indian General Elections Amid 2024 Preparations
Context: As India prepares for the 2024 general election, it is crucial to reflect on the pivotal 1991 Indian general elections, which marked a significant turning point in the country’s history. These elections brought about profound political and economic changes, driven by the leadership of PV Narasimha Rao and the impactful electoral reforms led by […]
India’s Trade Deficit with Major Trading Partners in FY 2023-24
Context: According to the latest data from the Ministry of Commerce & Industry, India has recorded a trade deficit with 9 of its top 10 trading partners in the fiscal year (FY) 2023-24. Relevance: GS III: Indian Economy Dimensions of the Article: India’s Foreign Trade: General Overview: Trading Partners: Historical Trends: Exports (Merchandise): Top Exports: […]
RBI Approves Record Surplus Transfer to Central Government
Context: The Central Board of the Reserve Bank of India (RBI) has approved a record surplus transfer of Rs 2.11 lakh crore to the Central government for the fiscal year 2023-24. This transferable surplus has been calculated based on the Economic Capital Framework (ECF). Relevance: GS III: Indian Economy Dimensions of the Article: What is […]
RBI Tightens Oversight on Gold Loan Lenders and NBFCs
Context: The Reserve Bank of India (RBI) has intensified its scrutiny of Non-Banking Financial Companies (NBFCs) and gold loan lenders, urging them to adhere strictly to regulatory norms during lending practices. This move aims to bolster regulatory control and ensure compliance within the sector. The RBI’s recent actions include banning IIFL Finance from issuing fresh […]
UNCTAD Global Trade Update 2024
Context: The United Nations Conference on Trade and Development (UNCTAD) has released its Global Trade Update for 2024, indicating a potential turnaround for international trade. After experiencing declines over multiple quarters, trade is expected to rebound in 2024, marking a significant shift in global economic dynamics. Relevance: GS III: Indian Economy Dimensions of the Article: […]
Surge in Employment Generation Raises Debates in India
Context: India has experienced a substantial increase in employment, witnessing the creation of over 80 million additional jobs from 2017-18 to 2022-23. This surge has ignited discussions regarding its root causes and the sustainability of this trend. Relevance: GS III: Indian Economy Dimensions of the Article: Key Trends in Employment Growth: Evolution of Employment Quality: […]