IMF urges China to tackle financial risks Subject – Economy Context – IMF urges China to tackle financial risks in ‘clear and coordinated’ fashion Concept – China must address financial risks in a “clear and coordinated fashion” and temporarily shift its fiscal policy to a neutral stance from this year’s contractionary approach, International […]
National Digital Drugs Databank Subject – Economy Context – National digital drugs databank will help address ‘information asymmetry’ in pharma space: CCI study Concept – A national digital drugs databank will help in addressing “information asymmetry” as well as provide key inputs in mapping the regulatory needs of different states, according to a […]
Biobased economy Subject – Economy Context – Renewable wood-based products can help combat climate change: FAO Concept – Biobased economy, bioeconomy or biotechonomy refers to economic activity involving the use of biotechnology and biomass in the production of goods, services, or energy. The terms bioeconomy (BE) and bio-based economy (BBE) are sometimes used […]
Digital lending Subject – Economy Context – Digital lending: RBI panel pitches for tougher norms, separate law Concept – Digital lending is the process of availing credit online. It consists of lending through web platforms or mobile apps, by taking advantage of technology for authentication and credit assessment. Its increased popularity amongst new-age […]
WTO Farm Talks Subject – Economy Context – India resists rich nations’ attempt to ‘divide’ developing nations, LDCs Concept – India is resisting attempts by developed nations to “draw a wedge” between developing countries and LDCs in the ongoing negotiations for subsidising public stock holding programmes at the WTO, under the garb of […]
Rural Connectivity Boost Subject – Economy Context – Focus on tribal, LWE-hit areas as Cabinet okays rural connectivity boost Concept – The Cabinet Wednesday approved and extended schemes to improve road and telecom connectivity in villages, especially in tribal regions and areas affected by left-wing extremism (LWE). As per one of the decisions, […]
Strategic Oil Reserves Subject – Economy Context – The Biden administration is considering tapping the US Strategic Petroleum Reserve (SPR) to cool oil prices in conjunction with other big consumers like China and India. Concept – Besides the United States, the other 29 member countries in the International Energy Agency (IEA), including the […]
The Regulations Review Authority (RRA 2.0) Subject – Economy Context – RBI voids 100 redundant circulars Concept – The Regulations Review Authority (RRA 2.0) was set up by the RBI in April to review regulatory instructions, remove redundant ones, reduce the compliance burden by streamlining reporting structure and wherever possible, obviate paper-based submission of returns. […]