Sovereign Gold Bonds (SGBs) Subject: Economy Section: External sector Sovereign Gold Bonds (SGBs) introduced in India in FY16 as an alternative to physical gold investments. Introduction of SGBs: SGBs were introduced in response to a forex crisis partly caused by high gold imports. The bonds allow investors to hold gold without the need […]
The impact of Bangladesh’s garment workers’ strike Subject : Economy Section: External sector Context: One of Bangladesh’s largest labour forces — the 4.4 million-strong ready-made garment (RMG) sector workers are protesting and demanding a trebling of their legally mandated minimum wages from 8,000 Bangladeshi Taka (BDT), or about $72, to 23,000 taka ($208). […]
Request for Authorization of More Ports for Explosive Exports Subject : Economy Section: External sector Background: Explosive manufacturing companies seek increased authorization for ports. Aimed at handling and dispatching explosives and ammunition abroad. Current Scenario: Only three authorized gateways for exports: Chennai, Kochi, and Vizag. Challenges for manufacturers, such as Munitions India Ltd […]
NPCI – India’s Fintech Giant Subject : Economy Section: Msc Recognition: Flagship products: UPI (Unified Payments Interface) and RuPay card network. Products and Services: Homegrown services: IMPS, NFS, BHIM, BBPS, NACH, AePS. Contributions to changing how India deals with money. Financials: Closed FY23 with ₹828 crore in net profit. Operates as a non-profit […]
Risk Weights in Banking Subject: Economy Section: monetary policy Risk weights in banking refer to the assigned measure of risk associated with various assets held by banks. These weights are used in the calculation of regulatory capital requirements, determining how much capital a bank needs to hold based on the riskiness of its […]