Daily Prelims Notes 31 May 2022 Table Of Contents Maharashtra overtook UP as top sugar producer 50 years since Stockholm conference India’s forests, soil can store additional 7 billion tonnes of carbon Etalin hydel in Dibang Valley may lead to biodiversity loss Chambal landscape: one of last viable habitats for red-crowned roofed turtle […]
GVA and GDP Context: On August 31, the Ministry of Statistics and Programme Implementation (MoSPI) will release the so-called “Provisional Estimates (or PEs)” of GDP for the last financial year (2021-22). They will add the data from the fourth quarter (January to March) and thus provide the most complete picture of how India’s […]
NBFC-MFI Context: stressed assets of non-banking financial companies- microfinance institutions (NBFC-MFIs) are estimated to have declined to around 14 per cent as of March 2022 from close to 22 per cent in September 2021, helped by revival in the economy and limited impact of the omicron variant, says a report. NBFC-MFI: The NBFC-MFI […]
Note Printing Context: While the volume of notes printed in FY22 was 41 per cent more than that of FY09, the cost of printing in this period surged 141% according to the RBI report. Cause: New notes post demonetisation- rise in quantity of printing cost and cost of faster transportation of new notes. […]
Tokenisation Context: The Reserve Bank of India has extended the implementation date of card-on-file (CoF) tokenisation norms by six months to June 30, 2022. Details: In September 2021, the RBI prohibited merchants from storing customer card details on their servers with effect from January 01, 2022, and mandated the adoption of card-on-file (CoF) […]
Security market and demat account Context: The cumulative number of demat accounts opened up to end-March 2020 was 4.1 crore. This number increased to 9.2 crore as on end-April 2022. Demand account: Demat refers to a dematerialised account. Just as we open a bank account to hold money and make payments, we need to […]
Banking Privatisation Context The Centre had announced privatisation of two public sector banks in the Budget for 2021-22 but is yet to amend the relevant banking laws to enable the sale of its majority stake in them. Concept: Banking Laws (Amendment Bill 2021) It aims to bring down the minimum government holding in […]
Chambal landscape: one of last viable habitats for red-crowned roofed turtle The Chambal landscape is an important habitat for freshwater turtles. There are eight species of turtles found here of which the red-crowned roofed turtle (Batagur kachuga) is critically endangered, according to the International Union for Conservation of Nature. The male of the […]
Etalin hydel in Dibang Valley may lead to biodiversity loss The 3,097-megawatt hydroelectric project will require diversion of 1,165.66 hectares of forest land and feeling of more than 280,000 trees in the area. The Forest Advisory Committee (FAC) had highlighted that the land in which the project is proposed covers two pristine forests […]