Context Officials from the Australian government said that the Economic Cooperation and Trade Agreement (ECTA) signed between India and Australia is a transformative agreement which will unlock the next level of potential in trade and investment. In 2022, India is …
Who is a Controller General of Accounts (CGA)? A CGA is the Principal Advisor on Accounting matters to the Union Government. He is responsible for establishing and managing a technically sound Management Accounting System. He is responsible for preparation and …
Competition Act, 2002 The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Mergers and acquisitions), which causes or likely to …
What’s in the news? Union Minister of State for External Affairs Rajkumar Rajan Singh said, India’s GDP is currently ranking fifth on the world economy index, which will go up to fourth by this year’s end and overtake the position …
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’s in the news? India’s Gross Domestic Production registered a growth of 4.4% in the October-December third quarter of the current fiscal. GDP in the third quarter of 2022-23 is estimated at Rs 40.19 lakh crore, as against Rs 38.51 …
About the scheme Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to “fund the unfunded” by bringing such enterprises to the formal financial system and extending affordable credit to them. Launched in 2015 to promote …
About PMEGP Prime Minister’s Employment Generation Programme (PMEGP) is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises since 2008-09. It is a major credit-linked subsidy programme aimed at assisting first generation entrepreneurs for setting …
About The eShram portal was launched in 2021 by the Ministry of Labour & Employment to create a National Database of the unorganised/migrant workers and to provide them with a Universal Account Number (UAN). The portal has received unprecedented response …
About UPI Unified Payments Interface (UPI) is India’s mobile based, ‘fast payment’ system that facilitates customers to make round the clock payments instantly using a Virtual Payment Address created by the customer. This eliminates the risk of sharing bank account …