Bharat Bill Payments System Subject : Economy Context: RBI governor bats for expanding scope of Bharat Bill Payment System. Concept Bharat Bill Payments System? BBPS was conceptualised by the Reserve Bank of India in 2013 and is a product of the National Payments Council of India (NPCI). It is an integrated bill payment […]

    The foreign brokerage held back from upgrading India to ‘Overweight’ because of high-valuation premium and the weakening balance of payments Subject : Economy Context: Credit Suisse’s Global Equities Strategy team has upgraded India from ‘Underweight’ to ‘Benchmark’ for 2023, on the back of the country’s underlying economic strength. Details: In 2022, inflows from […]

    Banks jack up deposit rates, MCLR after RBI raises repo Subject :Economy Banks hiking retail deposit rates by up to 65 basis points following the Reserve Bank’s move to increase the repo rate last week Marginal Cost of Lending Rate It is a benchmark lending rate for floating-rate loans which came into effect […]

    World Bank’s Pension Conceptual Framework Subject :Economy The World Bank provided a Pension Conceptual Framework in 2008 which is adapted from the World Economic Forum. The Five Pillar Framework is the template that the World Bank uses for recommendations regarding  reform of country-wide pension systems. The various pension plans for the provisioning of […]

    Coal imports Subject :Economy India’s coal imports are expected to grow by 5 per cent y-o-y to 219 million tonnes (mt) in the current financial year. Details: The targets for domestic coal production and imports have been estimated at 911 mt and 219 mt, respectively. Concept: Coal India Limited (CIL) and its subsidiaries […]

    Food Safety and Standards (Advertising and Claims) Second Amendment Regulations 2022 Subject :Economy FSSAI laid the Food Safety and Standards (Advertising and Claims) Second Amendment Regulations, 2022. Details: It aims to create fairness in claims and advertisements of food products and make food businesses accountable for such claims /advertisements so as to protect […]