Exports from key labour-intensive sectors decline 12% compared to pre-pandemic levels Subject: Economy Sec: external Sector Context: During the last financial year, when overall goods exports shrank 3 per cent, the outbound shipments of textiles, leather, gems and jewellery and marine products saw a much steeper 9 per cent decline to $78 billion […]

    Minimum Requirements for SFBs Transitioning to Universal Banks Subject: Economy Sec: Monetary Policy The Reserve Bank of India (RBI) has outlined a roadmap for small finance banks (SFBs) voluntarily transitioning to universal banks, setting forth specific criteria for eligibility: Financial Criteria: Minimum Net Worth: SFBs aspiring to become universal banks must have a […]

    Centre accords AEO status to gem and jewellery sector Subject: Economy Sec: External Sector Inclusion of the Gem and Jewellery Sector: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the sector, announced that the gem and jewellery sector is now included in the AEO program. Previously, this sector was […]

    New test to diagnose special learning disabilities in adults to be rolled out by year-end Subject: Economy Sec: External sector Context: The Union government is expected to roll out a new test to diagnose specific learning disabilities (SLDs) in adults in India by the end of the year. More on news: The test […]

    Targeting $1 Trillion in Goods Exports by 2030: Initiatives and Challenges Subject: Economy Sec: External sector Objective: The Ministry of Trade has set a target to achieve $1 trillion in merchandise exports by 2030. Initiative: An exercise has been initiated to identify the necessary infrastructure requirements, potential sectors, and clusters that will contribute […]