Context A gig economy is a free market system in which temporary positions are common and organizations hire independent workers for short-term commitments. Examples of gig workers include freelancers, independent contractors, project-based workers and temporary or part-time hires. Recently, the …
About NIIF National Investment and Infrastructure Fund (NIIF) is an Indian-government backed entity established in 2016 to provide long-term capital to the country’s infrastructure sector. It was established with a planned corpus of ₹40,000 crore. The NIIF aims to maximize …
About PMJDY In 2014, the government launched Pradhan Mantri Jan Dhan Yojana (PMJDY) to bring about comprehensive financial inclusion in the country. PMJDY envisages universal access to banking facilities with at least one basic banking account for ‘every adult’, financial …
Context India is one of the fastest-growing economies in the world. The country needs to expand its economic and strategic activities globally and GIFT City, an emerging global financial hub and India’s first operational smart city, has a pivotal role …
About Liberalized Remittance Scheme The liberalized remittance scheme allows Indian residents to remit funds abroad for various specified purposes without any restrictions or prior approval from the RBI. It has several advantages but is subject to certain eligibility criteria. The …
Context This article highlights the need for geographic diversification of corporate social responsibility (CSR) spending and the way forward for its implementation. What is Corporate Social Responsibility? CSR is a management concept through which a company achieves a balance of …
Context This article highlights the positives of AI adoption and its adverse economic impact as well. About Artificial Intelligence (AI): It refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their …
About IFSC An International Financial Services Centre (IFSC) is a jurisdiction that provides world class financial services to non-residents and residents in a currency other than the domestic currency (Indian Rupee) of the location where the IFSC is located. Services …