Subject: Economy Context: Wholesale prices in the country have deflated to 3.21 per cent in May due to sharp decline in prices of fuel and power, even as food articles turned expensive. The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at (-) 3.21 per cent (provisional) for May 2020 as […]
Subject: Economy Context: Reserve Bank of India has come up with a discussion paper to inform about the governance structure at commercial banks and institute new checks and balances on their business, compliance and risk management functions. Concept: Being Central bank of India, following functions are performed by RBI Issue of Bank Notes: The Reserve […]
Subject: Economy Context: To seize the moment and to become an electronics manufacturing giant in the post-Covid-19 era, Indian government announced policies involve spending Rs-50,000 crore and aim to attract everyone from semiconductor manufacturers to mobile phone and component giants Concept: Schemes announced: Production Linked Incentive Scheme (PLI)for Large Scale Electronics Manufacturing shall extend an […]
Subject: Economy Context: FSSAI food safety index for 2019-20 has been released. Concept: The index ranks states on five parameters of food safety: human resources and institutional data, compliance, food testing facility, training and capacity building besides consumer empowerment. Gujarat, Tamil Nadu and Maharashtra have topped in the list of larger states on the index […]
Subject: Economy Context: For the first time India’s forex reserves crossed $500 billion in the week ended June 5, 2020. Concept: Forex reserves are define as external assets in the form of gold, SDRs (special drawing rights of the IMF) and foreign currency assets held by India and controlled by the Reserve Bank of India. […]
Subject: Economy Context: National Highways Authority of India (NHAI) is setting up an infrastructure investment trust (InvIT) to attract big-ticket funds; this is first by a government agency. Concept: An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to […]
Subject: Polity/Economy/Schemes Context: The United Nations and International Labour Organization (ILO) observe 12 June every year as the world day against child labour. Concept: The occassion was originally launched by the ILO in 2002 to create awareness about the global extent of child labour and the actions and efforts that are needed to eliminate it. […]