NavIC 2nd Gen Subject: Economy Section: National Economy The Indian Regional Navigation Satellite System (IRNSS) also referred to as Navigation with Indian Constellation (NavIC) is a regional satellite navigation system that used 7 satellites for its positioning services. Recently it is being upgraded to the next gen version. 2nd gen satellite (NVS-01) launched. […]
Textile PLI 2.0 Subject: Economy Section: National Economy The second edition of the Production linked incentive (PLI) Scheme for textile has been put up for approval of the Cabinet. The highlights are as follows: Outlay of Rs. 4,307 crore Enhanced coverage to now also include manufacture of garments, textiles and accessories of both […]
SEBI to bring regulations for financial influencers (Finfluencers) Subject :Economy Section: Capital market In News: SEBI has asked finfluencer P R Sundar to deposit 6 crore as disgorgement for selling investor courses without SEBI approval, and has been banned for a year from the securities market. Key Elements that regulation should address: An […]
RBI net seller of US dollar Subject :Economy Section: External Sector Context: In FY 2023, the Reserve Bank of India(RBI) became a net seller of the US dollar after remaining a net purchaser for three consecutive years. It sold $ 25.52 billion on a net basis in the spot foreign exchange market. Why […]
Challenges of climbing Mt Everest Subject :Economy Section: Capital market Context The recent death of Australian man Jason Kennison after reaching the summit of Mount Everest highlights how dangerous mountain climbing can be.2023 year will be one of busiest and deadly seasons so far with 11 confirmed deaths. What makes Mount Everest so […]
Govt moots policy interventions for women empowerment Subject: Economy Section: Government has asked Ministries and States to lay out different plans for gender parity and restoring dignity of women. Conceived by the NITI Aayog in consultation with the government and other experts, this is part of an overall women empowerment initiative the Centre […]
Fallback liability Clause in e-commerce Rules Subject : Economy Section: Fiscal policy The Ministry of Consumer Affairs notified the Consumer Protection (E-Commerce) Rules, 2020 under the Consumer Protection Act, 2019. Several changes were brought to the E-Commerce Rules in June 2021, which included specific flash sales, mis-selling of goods and services, the appointment […]
The Green Deposit Framework Subject : Economy Section: Monetary Policy policy A green deposit is an interest-bearing instrument received by banks for a fixed period, the proceeds of which are earmarked for green-financing, such as funding of renewable energy projects. The Reserve Bank of India (RBI) in April 2023 issued a framework for […]
Angel Investor Categories, New Angel Tax Regime Subject : Economy Section: Fiscal policy Angel fund is a sub-category of Venture Capital Fund (VCF) under Category-I Alternative Investment Fund (AIF) that raises funds from angel investors Key Points: It raises funds by way of issue of units to angel investors. “Angel investor” means any […]
Mohenjodaro’s Dancing Girl figurine: Subject: Economy Section: Fiscal Policy Context: Prime Minister Narendra Modi inaugurated the International Museum Expo in Delhi’s Pragati Maidan and also unveiled the Expo’s mascot – a “contemporised” version of the famous Dancing Girl of Mohenjodaro. More about the dancing girl: The Dancing Girl was discovered from excavation in […]