Financial Services Institutions Bureau Subject: Economy Context: A notification was issued to amend the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970. Details: The present norms prescribe appointment for three years or till the age of 60 years, whichever is earlier–for the Managing Director and other whole-time directors of the public sector banks. […]
Incremental Capital Output Ratio Subject: Economy Context: Article suggests steps to make our economy attain a high growth path. Details: India’s Growth post 2011-12: Period Growth rate First phase till Q3 of 2016-17 7.2 Second phase- Q4 of 2016 -17 to Q1 of 2020-21. 5.7 Third phase-from Q2 of 2021–2022-23 showed a V-shaped […]
Digital Communications Commission Subject: Economy Context :Telecom Regulatory of India (TRAI) has made recommendations to improve the data centre infrastructure in the country. Details: TRAI has argued that the policy aspects of data centres, content delivery networks, and Internet exchange points should be handled by the Digital Communication Commission (DCC). TRAI also suggested […]
Agency under PMLA Subject: Economy Context :The Centre has brought Competition Commission of India (CCI) within the ambit of agencies that have to mandatorily share information, including confidential ones, with the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA Act). Details: It has empowered the ED to obtain corporate information […]
Unified tariff structure Subject: Economy Context:Petroleum and Natural Gas Regulatory Board (PNGRB) has brought out amendments in its three regulations namely Natural Gas Pipeline Tariff, Authorisation and Capacity Regulations. Details: To simplify the implementation of unified tariff, entity level Integrated natural gas pipeline tariff has been introduced -which will act as a building […]
MUDRA yojana Subject: Economy Context :Non-performing assets of banks for Mudra loans are lower than the average NPAs of the sector as a whole–data obtained under the Right to Information Act reveals. Details: Bad loans under the Pradhan Mantri MUDRA Yojana for all banks (public, private, foreign, state cooperative, regional rural and small […]
DBT and Tenancy Subject: Economy Context :Most economists advocate the conversion of all agricultural subsidies — whether on inputs (supplying fertilizer, power, water at below cost) or outputs (procuring crops at above market prices) — into direct income support to farmers. Benefits: Direct benefit transfers (DBT) on a per-acre or per-farmer basis- transparent […]
The Infrastructure and Project Monitoring Division Subject: Economy Context: The road transport and highways sector has the maximum number of delayed projects, as per the latest flash report on infrastructure projects for October 2022. Details of the report: In the road transport and highways sector-243 out of 826 projects are delayed In railways-114 […]
Follow-on public offer (FPO) Subject: Economy Context: Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani, on Friday said its board has approved raising up to ₹20,000 crore through a follow-on public offer, or FPO, the company said in a stock exchange filing Concept : The applicability of minimum promoters’ contribution norm and […]