Open network for digital commerce Subject: Economy Section: Indian Economy Context: The government of India announced the launch of the pilot phase of open network for digital commerce (ONDC) in five cities with an aim to “democratise” the country’s fast growing digital e-commerce space that is currently dominated by the two U.S.-headquartered firms […]
Guidelines by RBI for Non-bank buy now pay later (BNPL) companies Subject: Economy Section: Monetary Policy Context: After slapping curbs on non-bank buy now pay later (BNPL) companies, the Reserve Bank of India (RBI) is likely to come out with guidelines for the BNPL segment which was using pre-paid instruments (PPIs) to extend […]
Bharat NCAP Draft Notification Filed – All Cars To Get Safety Rating Subject: Economy Section: Infrastructure India ranks top in the world in terms of the number of persons killed and third on the injury list. Until now, determining vehicle safety has been wholly courtesy of GNCAP (Global New Car Assessment Programme). Now, […]
Meta Oversight Board report raises concerns Subject : Economy Section: Msc The Board highlighted the lower number of appeals from users in India, a country that has the most number of Facebook and Instagram users. Reasons The lower number of user appeals from outside Europe and the US and Canada could also indicate […]
Power Sector in India Subject :Economy Section :Infrastructure On June 10, India’s power demand met during the day hit a record 211.86 gigawatts (GW), demand went up by 25 percent in one year. In 2015, the average power availability in rural areas was about 12.5 hours at the national level, today it is […]
Co-operative Banks Subject :Economy Section: Moneya dn Banking A Co-operative bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank. Co-operative banks in India are registered under the States Cooperative Societies Act. The Co-operative banks are also regulated by […]
Be prepared for recession Subject :Economy Section: GDP Concept : Recession refers to a phase of the downturn in the economic cycle when there is a fall in the country’s GDP for some quarters. It begins after the economy reaches a peak of activity and ends as the economy reaches its trough. A […]
Investment through P-notes declines to 86706 cr in May Subject :Economy Section : External sector Concept: Participatory notes (P-notes) are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves under SEBI directly after going through a due diligence process. The increase in […]