Climate Finance Subject : Economy Context: Only 1.7% of climate finance is going to small farmers who produce 1/3 of the world’s food according to the International Fund for Agricultural Development (IFAD). Concept: International Fund for Agricultural Development (IFAD) IFAD is an international financial institution and specialized United Nations agency working in the […]
Market Based Economic Despatch Subject : Economy Context: Centre-States tussle over a centralised market for electricity Concept: Centralised power model/Market-Based Economic Dispatch (MBED) Market-Based Economic Dispatch (MBED) aims centralised scheduling for dispatching the entire annual electricity consumption of around 1,400 billion units. Thus the power demand by all states is proposed to be […]
Economics of Stockpiling Subject : Economy Context: Accumulating large reserves of forex and food has helped India immensely. Why stockpiling? There has been a consistent monetary policy tightening (rate of interest rise) on the backdrop of rising inflation in developed countries like-USA —leading to large scale dollar flight and depreciation of domestic currency. […]
Small company under Companies Act 2013 Subject: Economy Context: The Corporate Affairs Ministry (MCA) has relaxed the paid up capital threshold for small companies, facilitating further Ease of Doing Business and reduced compliance burden for such companies. Concept: Definition of small company as per Companies Act 2013: Particulars Earlier Present Paid up share […]
Climate risk discussion paper by the Reserve Bank of India Subject :Economy RBI’s paper on climate action has suggestions worthy of adoption. About the discussion paper: The paper highlights gaps in the way climate change as a material risk is treated by India’s banks. It diligently elucidates: Physical climate impact risks. It refers […]
Financial Stability and Development Council Subject: economy 26th meeting of the Financial Stability and Development Council (FSDC) held under the Chairpersonship of Union Finance Minister Smt. Nirmala Sitharaman. Details: It underscored the need for continuous monitoring of risks in the financial sector and also deliberated on: improving the efficiency of the existing financial […]