How unemployment is measured Subject :Economy Section: Employment and inflation Definitions: Labour Force Participation Rate: It is the percentage of people in the labour force (those who are working or seeking or available for work) in the population. Worker Population Ratio is the percentage of employed people. Unemployment rate shows the percentage of people unemployed […]

    Govt tightens ‘beneficial owner’ rules under PMLA Subject: Economy Section: Fiscal Policy Context: Government has further tightened rules for the ultimate beneficiary and fine-tuned the definition of reporting entity under the Prevention of Money Laundering Act (PMLA) Key Points: The Finance Ministry has notified changes in the Prevention of Money Laundering (Maintenance of Records) […]

    Problem posed by converging nominal and real GDP Subject: Economy Section: National Income Context: GDP growth rates show interesting  behaviour with both nominal and real terms are almost the same. Key Points: GDP growth rates show interesting behaviour with both nominal and real terms are almost the same (convergence), at 7.8-8 per cent. […]

    To boost chip industry, China to launch new $40b State fund Subject: Economy Section: External Sector Context:: China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector. Key Points: China is set to launch a new state-backed investment fund that aims to […]

    RBI to allow CBDC in call money market Subject: Economy Section: Monetary Policy Context: RBI plans to allow using Central bank Digital Currency (CBDC) in call money market Key Points: At present RBI has two pilot projects – one for CBDC (Retail) and other for CBDC (Wholesale) are going on.  RBI is now […]

    CCI to spell out norms on significant business operation Subject: Economy Section: National Income In News: Competition Commission of India is likely to issue draft proposals this month on the calculation of deal value threshold (DVT) and what constitutes significant business operations (SBO). Key Points: After the amendment of the Competition Act, 2002, […]

    State Bank of India allows CBDC users to link to UPI Subject: Economy Section: Monetary Policy In News: SBI has introduces UPI interoperability in its Digital Rupee (e rupee). Key Points: SBI has introduced UPI interoperability in its Digital Rupee (e rupee), also known as the Central Bank Digital Currency (CBDC). This feature […]