Treds platforms in india see good growth in transactions Subject : Economy Section: Monetary Policy Context: Treds platforms in India thrives with a remarkable 70 transaction surge. Key Points: The Trade Receivables Discounting System platforms, introduced by RBI to address MSME liquidity challenges, are thriving in India, with both transaction values and throughput […]
MCA’s new portal for checking for unclaimed shares, dividends Subject: Economy Section: Capital Market Context: Checking for unclaimed shares, dividends to become easier with a new integrated IT platform. Key Points: MCA’s new integrated IT platform to enable users to deep dive for details of unclaimed securities. Setting-up the integrated portal was announced […]
Oil firms raise ATF and commercial LPG prices Subject :Economy Section: Msc In News: Jet fuel or ATF and commercial prices raised. Key Points: Jet fuel or ATF price on Sunday was hiked by 5 per cent and commercial cooking gas (LPG) rates were raised by a steep ₹209 per 19kg cylinder, in […]
Andhra Pradesh plans to provide legal guarantee to MSP Subject : Economy Section :Agriculture Context: Andhra Pradesh plans to provide legal guarantee to Minimum Support Price (MSP). Key Points: Andhra Pradesh is set to enact a law to ensure Minimum Support Price (MSP) for farmers which simultaneously envisages heavy penalty including a jail […]
The story of Mahatma Gandhi’s portrait on Indian banknotes Subject: Economy Section: Monetary Policy The origins of Gandhi’s image on Indian currency: The portrait of Mahatma Gandhi on Indian banknotes is not a caricature but a cut-out from a 1946 photograph with British politician Lord Frederick William Pethick-Lawrence. The photo was chosen for […]
Public debt Subject :Economy Section: Fiscal Policy Context: Government’s total gross debt increased by 2.2 per cent quarter on quarter t o ₹159.53 lakh crore in April June this fiscal, a Finance Ministry report said. The liabilities stood at ₹156.08lakhcrore at March end. Details: Since Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC), Budget […]