Protection of minorities Subject: Polity Section :Right Issues Context: A group of senior journalists from all over India issued a collective appeal to constitutional institutions on Wednesday to step in and discharge their mandate in the wake of “attacks” on India’s religious minorities, especially Muslims. Who is a minority? The term “Minority” is […]
New export destinations for GI Agri Products Subject: Economy Section: Agriculture Context: Of the over 100 niche GI tagged products, 49 have got new export markets. Concept: There are 417 registered GI products and around 150 of them are agricultural and food products. Agricultural and Processed Food Products Export Development Authority (APEDA) is […]
Cryptocurrency Subject: Economy Section: Monetary policy Context: Cryptocurrency being taxes Concept: A cryptocurrency or crypto, is a virtual currency secured by cryptography. It is designed to work as a medium of exchange, where individual ownership records are stored in a computerised database using blockchain technology. The pioneer cryptocurrency, Bitcoin, was traded at just […]
Green Bond Subject: Economy Section: Economic Growth Context: Recently, the Finance Minister in the Budget 2022 announced that the government proposes to issue sovereign green bonds to mobilise resources for green infrastructure. In 2007, green bonds were launched by few development banks such as the European Investment Bank and the World Bank. Subsequently, […]
Bank Credit Subject: Economy Section: Economic Growth Context: Domestic banks’ share in the overall commercial credit plunged to a low of 34% in FY21 from 56% in FY11 partly due to the pandemic and more because companies were moving away from banks for funds. The share of non-banks in commercial credit has more […]
Priority Sector Lending Subject: Economy Section: Economic Growth Context: Priority Sector Lending means lending credit by the banks to those sectors which are considered important for the development of the basic needs of the country by the Government and the RBI.The banks are mandated to encourage the growth of such sectors with adequate […]
Govt. raises minimum support price for jute Subject: Economy Section: Agriculture Concept: The Cabinet Committee on Economic Affairs on Tuesday approved the Minimum Support Price (MSP) for raw jute for the 2022-2023 season. MSP is the minimum price paid to the farmer for procuring food crops. It offers an assurance to farmers that their […]
Challenges w.r.t normalization of the Indian Economy Subject: Economy Section: Economic Growth Context: NSO’s recent release of India’s GDP data for Q3 of 2021-22 along with Second Advanced Estimates (SAE) implies that post covid-19, the normalization of the economy has been disturbed by the ongoing geopolitical uncertainties. Concept: NSO’s GDP data highlights that […]
Food Corporation of India Subject: Economy Section: Food security Context: Not a single grain of paddy has been damaged while being stored by the Food Corporation of India (FCI) since 2004, the Centre told the Lok Sabha on Wednesday. About FCI: FCI is a statutory body set up in 1965 under the Food Corporations Act 1964. It […]
Dual circulation economic model Subject: Economy Section: Economic Growth Context: China is working towards becoming a more independent economy, by introducing a ‘dual circulation’ model. Reason for shift from Export led Growth: China has unveiled a “dual circulation” strategy to cut its dependence on overseas markets and technology in its long-term development, a […]