Context The Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the monetary policy committee (MPC) has decided unanimously to keep the policy repo rate unchanged at 6.50 per cent. MPC is a committee of the RBI which is …
About GST Council Goods & Services Tax Council is a constitutional body under Article 279A of the amended Constitution, for making recommendations to the Union and State Government on issues related to Goods and Service Tax. The Council was introduced …
What’s in the news? Chief Justice of India DY Chandrachud recently said that a seven judge bench will soon be set up to hear a batch of pleas challenging the Centre’s use of the money bill route to pass certain …
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 compiled and constructed by IHS Markit, an information services provider. PMI …
About NPCI NPCI was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. It is an initiative of the RBI and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement …
What’s in the news? More than 1.36 crore school students from all 36 States and UTs participated enthusiastically in the 3rd edition of the Veer Gatha Project. The students sent poems, paintings, essays, videos, etc. to honour the acts of …
About the Programme The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005, guarantees 100 days of work each financial year to any rural household willing to do public work-related unskilled manual work at the statutory minimum wage. In addition …
Context: This article tries to analyze how changes in population geography have a lasting impact on the political and economic geography in Indian federal democracy. Also it insists that the five southern States that have effectively controlled their population should …
About NIIF National Investment and Infrastructure Fund (NIIF) is an Indian-government backed entity established in 2016 to provide long-term capital to the country’s infrastructure sector. It was established with a planned corpus of ₹40,000 crore. The NIIF aims to maximize …