What’s in the news? The pilot of Digital Rupee- Retail segment (e₹-R), which was recently launched by the RBI, is covering select locations in closed user group (CUG) comprising participating customers and merchants. The e₹-R pilot currently covers the five …
What’s in the news? Sovereign Green Bonds (SGBs) amounting Rs.16,000 crore are proposed to be issued in the current financial year for mobilising resources for green infrastructure projects. What are Green Bonds? Green bonds are bonds issued by any sovereign …
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 …
Definition of Startup in India As per the Startup India Action plan, the followings conditions must be fulfilled in order to be eligible as Startup : Has not yet completed a period of ten years from the date of incorporation/registration. …
About the project Last year, the Government of India launched the “PM GatiShakti — National Master Plan” for infrastructure development aimed at boosting multimodal connectivity and driving down logistics costs. PM GatiShakti is a digital platform that connects 16 ministries …
What’s in the news? The Economic Survey 2022-23 has projected a baseline GDP growth of 6.5 per cent in real terms in the next financial year. The Survey was presented in both Houses of Parliament today by Finance Minister Nirmala …
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 …
About FRBM Act Fiscal deficit is the difference between total expenditure and total receipts except borrowing and other liabilities. Fiscal Responsibility and Budget Management (FRBM) Act was enacted in 2003 which set targets for the government to reduce fiscal deficits. …
Background In 2020, as a part of the announcements made under the Atmanirbhar Bharat, the Central government allowed commercial mining in the coal sector. What is commercial mining? Commercial mining allows the private sector to mine coal commercially on a …
What’s in the news? The Ministry of Ports, Shipping and Waterways has launched The National Logistics Portal (marine) (NLP). It is a one-stop platform aimed at connecting all the stakeholders of the logistics community using IT, to improve efficiency and …