Banking Reform Committees Subject – Economy Context – A recent RBI report has made a host of valuable suggestions to streamline digital lending while protecting borrowers Concept – Year Committee Mandate  1988 RangarajanCommittee Bank Computerisation 1991 Narasimham Committee Financial System Reforms 1998 Narasimham Committee Banking Sector Reforms 1999 Madhav Rao Committee Urban Cooperative […]

    Lesser Duty Rule (LDR) Subject – Economy Context – India also follows the Lesser Duty Rule (LDR) while pursuing anti-dumping measures. Concept – The Agreement on Implementation of Article VI of the General Agreement on Tariffs and Trade 1994 (the “AD Agreement”) governs the application of anti-dumping measures by Members of the WTO. […]

    Self Help Group – Bank Linkage Programme (SHG-BLP) Subject – Economy Context – 30 years of SHG -BLP Concept – NABARD, through its’ Micro Credit Innovations Department has continued its role as the facilitator and mentor of microfinance initiatives in the country. The model of ‘SHG-BLP’ has evolved as a cost-effective mechanism for […]

    National Highways Authority of India (NHAI) Subject – Economy Context – NHAI gets new chairperson Concept – National Highways Authority of India (NHAI) was set up under NHAI Act, 1988. It is under the administrative control of the Ministry of Road Transport and Highways. It has been entrusted with the National Highways Development […]

    Persistent inflation will hurt growth Subject – Economy Context – GDP growth for the second quarter of the current fiscal has come in at 8.4 per cent, up from a contraction of 7.4 per cent in Q2 of 2020. Concept – The inflation rate, officially measured as headline Consumer Price Index – Combined, […]