Types Economic integration takes the form of the Preferential Trade Area, Free Trade Area, Customs Union, Common Market and Economic Union. A preferential trade area (PTA) is a trading bloc that gives preferential access to certain products from the participating …
What are Regional Rural Banks (RRBs)? The Regional Rural Banks (RRBs) were established in 1975 under the provisions of the Ordinance promulgated on 26th September 1975 and Regional Rural Banks Act, 1976. RRBs are jointly owned by the Government of …
About PLFS In India, the National Statistical Office (NSO) has been quinquennially (over a period of five years) collecting data on employment and unemployment but from 2017 onwards, the Periodic Labour Force Survey (PLFS) was launched by the NSO. The …
About Startup India Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Since the launch of the initiative in 2016, …
About MGNREGS 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 to …
Context Union Minister of Commerce and Industry Piyush Goyal said that duties on 100 percent tariff lines would be eliminated by Australia under the landmark India-Australia Economic Cooperation and Trade Agreement. Background India and Australia have signed an Economic Cooperation …
Context India being among the world’s top producers of many key farm commodities, the scope for the value-addition of surplus agricultural output is immense. The country ranks first in the production of milk; second in that of fruit, vegetables and …
What’s in the news? Under the Rozgar Mela, Prime Minister Narendra Modi is set to distribute about 71,000 appointment letters to newly inducted recruits. Rozgar Mela is a recruitment drive for 10 lakh personnel. The recruitments were being made through …
What is it? Foreign Exchange Reserve indicates the reserves held by RBI in the form foreign currency assets, gold, SDR and reserve tranche. Components of foreign exchange reserve: Foreign Currency Assets: Currencies of foreign countries are held in foreign exchange …