Subject: Economy Context : According to data shared by the Ministry of Mines, country-wide DMF collections last month stood at ₹718.46 crore, up from ₹417.29 crore in May, when the country was in the throes of the Covid-19 lockdown. Concept: DMFs: DMFs were instituted under the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act […]

Subject : Economy Context: In an effort to propel the economy into positive territory in quick time, the Centre has come up with an innovative option to spur consumption demand in the economy without any fiscal impact. Finance Minister announces interest free festive advance to all central government employees to boost demand in the economy. […]

Subject: Economy Context: Battery Companies are keen to setup advanced Giga factories in India. Concept : Elon Musk is believed to have first coined the term ‘Gigafactory’. In simpler terms, these are huge advanced manufacturing units. In India, Recently, the LIBCOIN consortium with Magnis Energy Technologies Limited holding 20 percent of non-dilutive ownership along with […]

Subject: Economy Context: RBI has introduced on-tap targeted long-term repo operations (TLTRO) of Rs 1,00,000 crore for providing additional liquidity and extended SLR holding limits till March 2022 and announced open market operations (OMOs) for state development loans (SDLs) for the first time to compress the rising spreads. Concept: On-tap TLTRO: The LTRO is a […]