Tampon Tax Subject: Economy Section: Fiscal Policy What is Tampon Tax Tampon tax refers to consumption levies such as value-added tax (VAT) that most countries charge on items such as sanitary pads, tampons, panty liners and menstrual cups. Which countries have abolished the tampon tax: Kenya became the first country to scrap VAT […]
NITI Aayog’s Governing Council to discuss Developed India Plan or ‘Viksit Bharat@47’ Subject : Economy Section: National Income Key Points: Thrust on Micro, Small and Medium Enterprises (MSME) for growth and job creation in next 25 years. Cooperative Federalism to help achieve the goal Common online platform for all schemes, to reduce virtual […]
Certification of Organic Products Subject : Economy Section: Agriculture Organic farming is a farming system which avoids the use of synthetic inputs (such as fertilizers, pesticides etc.) using biological systems of nutrient mobilization and plant protection to produce toxic residue free food and achieve agri-ecosystem health and biodiversity. In News: European Union Audit […]
Payment Banks 2.0: Search for growth and new income stream Subject :Economy Section: Monetary Policy Role and Contribution: Have helped in extending monetary facilities to the underserved Challenges: Not all are able to make sustainable profits. (The 3 profitable ones are: Airtel Payments Bank, Fino Payments Bank and Paytm Payments Bank) Present business […]
UPI: Factors for success, impact Subject :Economy Section: Monetary Policy Unique characteristics of UPI: Innovative: Immediate Payment Service (IMPS) forms the base of UPI, its innovative application is behind UPI’s success. Adopting a UPI ID rather than entering bank account numbers and IFSC codes has made transactions effortless. Inclusive: UPI is not just […]
De-Risking vs Decoupling Subject :Economy Section: National Income The term was brought in lime-light by European Commission president, Ursula von der Leyen in March 2023 when she said that EU would not follow calls to de-couple from China that began under Trump, and that it was not in Europe’s interests to de-couple from […]
RBI’s Economic Activity Index Subject :Economy Section: National Income Economic Activity Index that incorporates 27 high-frequency indicators to gauge the dynamics of growth and output. RBI calls this estimation as ‘nowcast’, or conditionally forecast, the current quarter growth by factoring in real-time activity across sectors to identify consistent economic patterns. The idea is […]
Green Shipping Subject :Economy Section: Infrastructure Green shipping is an approach to shipping that aims to reduce emissions and pollutants released in the environment by using technology, cleaner fuels like LNG, renewables like green and blue hydrogen and digitization of the supply chain, implementing management practices like JIT (Just in Time). The aim […]
Withdrawal of Rs. 2000 notes by the RBI: Reasons, concepts Subject: Economy Section: Monetary Policy RBI issues and withdraws notes of various denominations under powers granted as per Section 24(1) of the RBI Act, 1934. Withdrawal is different from demonetization in that the currency in case of withdrawal still remains a legal tender, […]
SWFT vs UPI Subject: Economy Section: External Sector SWIFT UPI SWIFT stands for “Society for Worldwide Interbank Financial Telecommunication”. It was developed in 1973 and it is a messaging network for international transactions. It is not a banking operation that transfers or stores the funds rather it is a means to communicate that […]