The National Pension System (NPS) is a voluntary, contributory retirement savings scheme introduced by the Government of India to provide financial security and a regular income after retirement. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) …
The Employees’ Provident Funds (EPF) Scheme, 2026 is India’s new statutory provident fund framework replacing the Employees’ Provident Funds Scheme, 1952. It has been notified under the Code on Social Security, 2020 to modernize provident fund administration while retaining existing …
News: The Ministry of Commerce and Industry has extended the Interest Equalisation Scheme for pre- and post-shipment rupee export credit for Micro, Small and Medium-scale (MSME) exporters till August 31. Through the scheme, banks provide loans to exporters at reduced …
About NMP Pursuant to the announcement made in the Union Budget 2021-22, the National Monetisation Pipeline (NMP) was prepared by NITI Aayog in collaboration with the concerned Infrastructure Ministries. NMP lists out assets and asset classes, under various infrastructure ministries, …
About Base effect refers to the impact of the rise in price level in the previous year over the corresponding rise in price levels in the current year. For example: While calculating inflation, if the price index had risen at …
What’s in the news? The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation. In its latest World Economic Outlook, the 190-country …
Types of Investment Models Public Investment Model: In a Public Investment Model, investment in specific goods, services is made by the government through the central or state government or with the help of the public sector by using the revenue …
Context: The International Monetary Fund(IMF) has raised concerns about the long-term sustainability of India’s debts. It also reclassified India’s exchange rate regime, terming it a “stabilised arrangement” instead of “floating”. At this juncture, understanding the debt burden of the Government …
About the Scheme Sovereign Gold Bonds (SGBs) are bonds that are issued by the RBI on behalf of the Government on payment of rupees but denominated in grams of gold. The value of these bonds is tied to the value …
About MPC The Monetary Policy Committee (MPC) is a committee of the RBI which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level. Under the flexible inflation …