Subject: Economy/polity Context: National Institute Ranking Framework (NIRF) ranking list for 2020 has been released in which IIT-M topped the list. Concept: The National Institutional Ranking Framework (NIRF) was approved by the MHRD and launched on 2015. This framework outlines a methodology to rank institutions across the country. The methodology identifies the broad parameters for […]
Subject: Economy Context: According to the Department for Promotion of Industry and Internal Trade (DPIIT), Cayman Islands has emerged as the fifth largest investor in India, with foreign direct investment from the nation increasing over three-fold to USD 3.7 billion in 2019-20 Concept: India had received FDI worth USD one billion in 2018-19 and USD […]
Subject: Economy Context: Government is looking for second “generation reform” that is necessary to give a structural push to growth by consolidating and privatizing CPSEs. Concept: Finance Minister said a new coherent PSE policy will be announced, opening all sectors to private players with public sector enterprises (PSEs) playing an important role in defined areas. […]
Subject: Economy Context: India’s foreign exchange reserves hit an all-time high of $493.48 billion for the week ended May 29, according to the RBI data Concept: The Forex Reserves (‘foreign exchange reserves’) of an economy is its ‘foreign currency assets’ added with its gold reserves, SDRs (Special Drawing Rights) and Reserve Tranche in the IMF. The RBI Act, 1934 provides […]