Informal sector Subject : Economy Context: ILO’s recent policy brief titled ‘Skills development and lifelong learning in India- challenges for trade unions’ expresses concern over high informal employment in India. Details: For workers aged 65 and older, the proportion in informal employment is in excess of 96 per cent, the highest among age […]
Agriculture mandis Subject :Economy Context: Sahyadri Farmer Producer Company (FPC) has got the license to set up India’s first private agricultural mandi (market) at Dindori, in Nashik district. Details: It will be a 100-acre dedicated market space integrated with world-class infrastructure, services from banking to storage, processing, and packaging under one roof, options […]
Perpetual fund Subject :Economy The IVCA expert committee asked the government to allow perpetual capital vehicles in order to unlock capital flows from long-term investors. Concept: Perpetual fund It is also referred to as an endowment fund It consists of a sum of money gifted to a charity by a donor who wishes […]
Registered Valuer Subject: Economy Context: Centre issued the Companies (registered valuers and valuation) Amendment Rules 2022 for the valuation entity. Details: It seeks to clarify the standards used by the valuers to conduct valuations. No partnership entity or company shall be eligible to be a registered valuer if it is not a member […]
Lagging deposit growth Subject :Economy SBI chairman has said that amid lagging deposit growth and constrained liquidity, government spending and the surplus of SLR (statutory liquidity ratio) with banks, will help support credit and economic growth. SBI chairman dismissed concerns of a slowdown in deposit growth dampening banks’ ability to lend, saying that […]
India-Australia trade relations Subject :Economy Context: The Australian Parliament approved the free trade agreement inked with India in April. Details: The pact is expected to come into force from January 2023. The agreement is likely to push the bilateral trade to USD 45-50 billion in the next five-six years from the present USD […]
Draft Food Safety and Standards (Food Products Standards and Food Additives) Amendment Regulations 2022 Subject :Economy Context: The Food Safety and Standards Authority of India (FSSAI) is proposing to bring in standards and labelling norms for traditional Indian sweets ( mithais) and namkeens. Details: Draft Food Safety and Standards (Food Products Standards and […]