Minimum wage panel may opt for multiple criteria model Subject – Governance Context – Minimum wage panel may opt for multiple criteria model Concept – Moving away from nutritional requirement as a criteria to fix minimum wages, the newly reconstituted expert committee, may opt for Multi Criteria Decision Making method to fix the […]
BharatPe Subject – Economy Context – RBI grants banking licence to USFBL Concept – The Reserve Bank of India on Tuesday granted a banking licence to Unity Small Finance Bank Ltd (USFBL), which was established jointly by Centrum Financial Services Ltd (CFSL) and Resilient Innovations Private Limited (BharatPe), to carry on SFB business […]
Depreciation and Devaluation of currency Subject – Economy Context – Rupee Weakens To 15-Month Low Concept – Devaluation of a currency Devaluation of a currency is associated with countries having a fixed exchange rate regime. Under the fixed rate regime, the central bank or the government decides the value of the currency with […]
G 20 Subject – IR Context – Goyal pushes for IPR waiver on vaccines, breaking trade barriers Concept – Commerce & Industry Minister Piyush Goyal made a renewed call for a temporary waiver of Intellectual Property Rights (IPR) on vaccines and medical products and dismantling of new trade barriers such as vaccine discrimination […]
India’s Equity Market Subject – Economy Context – Indian equities on track to join top-5 market-cap club, displacing UK Concept – India’s equity market is on the cusp of overtaking that of the UK in value to join the world’s top-five club, at least by one measure. The likely feat comes as record-low […]
UN Committee on the Rights of the Child Subject – IR Context – UN panel says it cannot rule on Greta Thunberg’s climate case Concept – The Committee on the Rights of the Child (CRC) is a body of experts that monitor and report on the implementation of the United Nations Convention on […]
Indian Ports Bill 2021 Subject – Economy Context – Ports Bill is raising States’ hackles Concept – The Indian Ports Bill 2021 seeks to replace more than a century old Indian Ports Act 1908. The new Bill incorporates a number of international regulatory developments in the national legislation namely the “International Ship and […]
Net Zero Emissions Subject – Environment Context – India needs 5,630 GW solar capacity by 2070 for net zero emissions: study Concept – India’s total installed solar power capacity will need to increase to 5630 gigawatt (GW) by 2070 in order to achieve net zero emissions, according to a new report by independent […]
Neobank Subject – Economy Context – Neo-banking platform Open raises $100 m from Temasek, Google, SBI Investment Concept – Open, a Bengaluru-based SME-focussed neo-banking platform, has raised $100 million in Series C round from Temasek, along with the participation of Google and SBI Investment. Founded in 2017, Open offers a neo-banking platform that […]
Saraswati River Revival Subject – Geography Context – Saraswati river revival: Rs 215-crore dam proposed Concept – The Haryana government proposes to spend Rs 215 crore on the construction of a dam meant for the revival of the Saraswati river. According to the proposal by the state government, the dam, with a capacity […]