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 …
About the scheme The Government had announced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit to eligible exporters. The Scheme was launched in 2015 and was initially valid for 5 years. The Scheme continued thereafter, including …
About UPI Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to …
About Anything that can be converted into a digital form can be an NFT. Everything from one’s drawings, photos, videos, GIF, music, in-game items, selfies, and even a tweet can be turned into an NFT, which can then be traded …
About In 2022, the United States launched a new Asia-Pacific trade initiative known as the Indo-Pacific Economic Framework for Prosperity (IPEF). The framework includes 14 countries — Australia, Brunei, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, the …
Context Localized experiments with universal basic income have shown mostly positive outcomes across states, strengthening calls in favor of social policy. Universal basic Income Universal basic income is the concept under which all citizens of a country receive a legally …