Countries must be allowed to prepare own plans for SAF: India Subject : Economy Section : Msc Concept : India on Wednesday asserted that global mandates for Sustainable Aviation Fuel with 2050 as the target year was “too early” and that each State must be allowed to develop its strategy as per its […]
Government to create 70mt grain storage Subject :Economy Section: Agriculture Key Points: Cabinet has approved the constitution and empowerment of an Inter-Ministerial Committee (IMC) for facilitation of the “world’s largest grain storage plan in the co-operative sector.” Committee will be chaired by Minister of Cooperation with Minister and have following as members: Minister […]
Coal India – Divestment for FY 2023-24 Subject :Economy Section: National economy Government’s bid to divest up to 3% equity stake in the company through offer for sale of shares (OFS). Centre is likely to raise about Rs 4,200 crore from the sale of the full 3% stake at the base price of […]
Green GDP Subject :Economy Section: National Income Green GDP is a term used for expressing GDP after adjusting for environment degradations. Green GDP is an attempt to measure the growth of an economy by subtracting the costs of environmental damages and ecological degradations from the GDP The concept was first initiated through a […]
Hardening interest rates, geopolitical risks impacting FDI inflows Subject : Economy Concept : Hardening interest rates globally and worsening geo-political situation have impacted the foreign direct investment (FDI) inflows into India in 2022-23, a top government official said. Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh […]
Stress Testing of Financial Institutions Subject :Economy Section: Monetary Policy Stress testing is an analytical technique to show how a financial services company or bank will be affected by certain financial events or situations. In other words, it shows what can happen and how well prepared institutions are when certain stressors are introduced. […]
Payment Infrastructure Development Fund (PIDF) scheme Subject : economy Section: Monetary Policy Concept: It was set up by the Reserve Bank of India to facilitate the development of payment acceptance infrastructure in tier-3 to tier-6 cities and north-eastern states. Was launched in Jan, 2021 in consultation with major authorized card networks, to facilitate […]
Light weight and portable Payment and Settlement System (LPSS) Subject :Economy Section: Monetary Policy The LPSS is being proposed by RBI, is a system that will be independent of conventional technologies and can be operated from anywhere with minimum staff. The aim is to ensure following: Ensure near zero downtime of payment and […]
E-Rupee yet to take off Subject : Economy Section: Monetary Policy What is E-Rupee (e-Re) is the central bank digital currency (CBDC) launched by the RBI. While based on block-chain technology, it is not a cryptocurrency. The term central bank digital currency (CBDC) refers to the virtual form of a fiat currency. A […]
Digital India Bill Draft Subject: Economy Section: National Economy Draft Bill is being prepared, it will replace the Information Technology Act, 2000 (the present ‘Internet Law’). It is a key pillar of framework of technology regulations the which also includes the draft Digital Personal Data Protection Bill, 2022, Indian Telecommunication Bill, 2022, and […]