What is PMI? Purchasing Managers’ Index is an economic indicator which indicates the business activity & economic health of both the manufacturing and service sectors. PMI of India is published by Japanese firm Nikkei but compiled and constructed by IHS …
About Co-operative banks Co-operative banks are financial entities established on a co-operative basis and belonging to their members. This means that the customers of a co-operative bank are also its owners. These banks provide a wide range of regular banking …
About SCO Shanghai Cooperation Organisation (SCO) is a permanent intergovernmental international organisation established in 2001. Prior to the creation of SCO in 2001, Kazakhstan, China, Kyrgyzstan, Russia and Tajikistan were members of the Shanghai Five. Following the accession of Uzbekistan …
About External debt External debt is the portion of a country’s debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions. If a country cannot repay its external debt, it faces a debt crisis.If a …
About the Scheme In 2020, the Ministry of Food Processing Industries launched the PM Formalisation of Micro food processing Enterprises Scheme (PM FME Scheme) for providing financial, technical and business support for upgradation of existing micro food processing enterprises. With …
About the scheme POSHAN Abhiyaan (also known as National Nutrition Mission) is a flagship programme of the Ministry of Women and Child Development that aims to improve nutrition amongst children, pregnant women, and lactating mothers. Launched in 2018, it is …
About ICI The monthly Index of Eight Core Industries (ICI) is a production volume index. The objective of the ICI is to provide an advance indication on production performance of industries of ‘core’ nature. These industries are likely to impact …
What are Electoral Bonds? An electoral bond is designed to be an interest-free bearer instrument like a Promissory Note — in effect, it will be similar to a bank note that is payable to the bearer on demand. It can …