CRR Subject :Economy Section: Monetary Policy It is a certain minimum amount of deposit that the commercial banks have to hold as reserves with the central bank. The percentage of cash required to be kept in reserves, vis-a-vis a bank’s total deposits, is called the Cash Reserve Ratio. The cash reserve is either […]
BIS and Basel norm Subject: Economy Section: Monetary Policy What is Basel Committee? The Basel Committee – initially named the Committee on Banking Regulations and Supervisory Practices was established by the central bank Governors of the Group of Ten countries at the end of 1974 in the aftermath of serious disturbances in international currency and banking markets […]
Ring-fencing our banks Subject: Economy Section: Monetary Policy Context: Banking crisis in US Details: While dealing with increased financial distress, banks look to the central bank or the government to come to their rescue. Liquidity Coverage Ratio is the financial shield that protects a bank from an impending bankruptcy A major fault line […]
Outcome budgeting Subject :Economy Section: Fiscal Policy What is outcome budgeting ? Over the year’s performance budget was seen as following output, rather than outcomes (Budget speech of 2005-06 highlighted this). Outcome budgeting lays emphasis on linkages between money allocated (outlay) and the outcomes (and not just outputs). It shifts the focus to […]
Thirunelly’s seed festival celebrates traditional climate-resilient seeds and farm produce Subject :Environment Section: Agriculture Context: Cheruvayal Raman, in his early 70s, is a winner of a 2023 Padma Shri, one of India’s top civilian honours. He narrated how he conserved 55 native rice varieties, lining up mementos and medals on the porch of […]
World Sparrow Day Subject :Environment Section: Species in news Context: A citywide enumeration of the house sparrow population undertaken recently by the Travancore Nature History Society a few days ago recorded only nearly 130 birds. More on the News: The house sparrow population in the Thiruvananthapuram city has recorded a significant reduction this […]
Findings of Synthesis Report Subject: Environment Section: Climate Change Context: The Intergovernmental Panel on Climate Change (IPCC) published its Synthesis Report (SYR) on March 20, 2023. More on the News: It summarizes the findings of six reports released during its Sixth Assessment Cycle — the 1.5 C report of 2018, the Special Reports […]
Daily Prelims notes 20 March 2023 Table Of Contents Microsoft 365 Co-pilot What is GPT-4 and how is it different from ChatGPT? Climate Change and Oceans PROBLUE Raccoon dogs linked to coronavirus pandemic Late Life Depression No antibiotics, plasma therapy to treat adult COVID patients: govt Include ST women in Hindu Succession Act, […]
Coastal crisis Subject : Geography Section: Physical Geography Context: Odisha is fast losing its shoreline to rising sea levels. Its adaptation plans must not only be immediate but also fool proof Why in news? 74 villages in the state are severely affected by shoreline erosion—the highest in the country. Integrated Coastal Zone Management […]