Gold Exchange-Traded Funds (ETFs) Subject – Economy Context – Investors turn positive for Gold ETFs in Aug on positive global outlook. Concept – A gold exchange-traded fund (Gold ETF) is a passive investment fund that aims to track the price of physical gold. Each unit of a gold ETF represents one gram of […]
Stablecoins Subject – Economy Context – Stablecoins face crackdown as US discusses risk council review Concept – A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant […]
Disinvestment Subject – Economy Context – Govt allows disinvested PSUs to set off previous losses Concept – Disinvestment means sale or liquidation of assets by the government, usually Central and state public sector enterprises, projects, or other fixed assets. The government undertakes disinvestment to reduce the fiscal burden on the exchequer, or to raise money […]
Unemployment Subject – Economy Context – Joblessness at 10.3% in Oct-Dec 2020; more women unemployed than men. Concept – Unemployment occurs when a person who is actively searching for employment is unable to find work. The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided […]
Department of Investment and Public Asset Management (DIPAM) Subject – Economy Context – DIPAM picks 10 merchant bankers for LIC IPO. Concept – Department of Investment and Public Asset Management (DIPAM) deals with all matters relating to management of Central Government investments in equity including disinvestment of equity in Central Public Sector Undertakings. The Four major areas of its […]
Code on Social Security 2020 Subject – Economy Context – Implementing social security code a priority, says Minister. Concept – The Indian Parliament, in a bid to rationalise the 44 labour codes in India, consolidated them into four labour codes and enacted them by 2020. The four labour codes are – The Code on […]
Banks Board Bureau (BBB) Subject – Economy Context – BBB recommends Atul Kumar Goel for PNB MD & CEO’s position Concept – Banks Board Bureau (BBB) is an autonomous body of the Government of India tasked to improve the governance of Public Sector Banks, recommend selection of chiefs of government owned banks and […]
Production-Linked Incentive (PLI) Scheme for Textiles Subject – Economy Context – The Union Cabinet Wednesday approved a Production-Linked Incentive (PLI) scheme for the textiles sector worth Rs 10,683 crore. Concept – The scheme aims to attract fresh investment of Rs 19,000 crore in the sector for production of in-demand textiles, and additional turnover […]