DPN
DIGITAL PAYMENTS INDEX Subject : National Report Context : Digital payment transactions surge in lockdown to surpass pre-Covid levels according to the report. Concept : About the Index The RBI has constructed a composite Digital Payments Index (DPI) with March 2018 as the base period to capture the extent of digitization of payments […]
EMERGENCY USE AUTHORIZATION Subject : Governance Context : The government-appointed expert panel on Friday emergency use approval for the Oxford University-AstraZeneca Vaccine made and distribute by the Serum Institute of India. Concept : After Drugs Controller General of India (DCGI) gives its approval India too will likely begin the mass immunisation programme with […]
CENTRAL CONSUMER PROTECTION AUTHORITY Subject : Governance Context : Central Consumer Protection Authority (CCPA) Chief Commissioner stated that 2,850 complaints pertaining to “transactions failed/cancelled but money not refunded” forming 20 per cent of grievances registered in the banking sector have been received through the government-run National Consumer Helpline (NCH). Concept : Central Consumer […]
DEPARTMENT OF FINANCIAL SERVICES Subject : Governance Context : The Finance Ministry has sought feedback from key stakeholders in the financial system on whether compliances under major Acts administered by the Department of Financial Services (DFS) can be rationalised. Concept: This exercise is aimed at making the regulatory framework simple and to rationalise […]
INFLATION EXPECTATIONS OF HOUSEHOLD SURVEY Subject : Economics Context : The Reserve Bank of India (RBI) announced the launch of the next round of household surveys to capture inflation expectations and consumer confidence, which provide useful inputs for its monetary policy. Concept : RBI said it aims to capture subjective assessments on price […]
NATIONAL DATA REPOSITORY Subject : Economy Context : Given the need to accelerate hydrocarbon explorations in the country, the Ministry of Petroleum & Natural Gas is considering creating an autonomous body that will mine the data, which is the key for improving India’s strike rate in the sector. Concept : At present, all […]
Daily Prelims Notes 1 January 2021 Table Of Contents FISCAL DEFICIT CORE INDUSTRIES OUTPUT CONTRACTS UPI BASED INNOVATIONS MACROPHAGES FOREIGNER’S TRIBUNAL AGRICULTURE INFRASTRUCTURE FUND RoDTEP SCHEME FATF 1. FISCAL DEFICIT Subject : Economics Context : India’s fiscal deficit shot up to 135.1% of the Budget target of nearly ₹8 lakh crore […]
FATF Subject: International Organizations Context: The Financial Action Task Force (FATF) had deferred its once-a-decade evaluation of India’s anti-money laundering regime scheduled for this year, citing the COVID-19 pandemic, and indicated that the onsite review to be conducted by global experts may now take place in early 2021. Concept: The FATF undertakes peer […]
RoDTEP SCHEME Subject : Government Schemes Context : Benefit of Remission of Duties and Taxes on Exported Products (RoDTEP) scheme will be extended to all export goods from January 1, 2021, the finance ministry said in a statement Concept : Under the scheme, the embedded central, state and local duties or taxes will […]
AGRICULTURE INFRASTRUCTURE FUND Subject : Economy Concept : It is a Pan India Central Sector Scheme-Agriculture Infrastructure Fund. The scheme shall provide a medium – long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support. Loans Provided from the […]