About IREDA Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna (Category – I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). The CPSEs which have made profit in 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 …
What’s in the news? Remittances to the country by non-resident Indians rose 26% on year to about $112.5 billion in FY23, underscoring the surge in demand for Indian professionals globally after the pandemic. Remittances to India were $89.1 billion in …
About IIP The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base …
About the Portal Udyam is an online system for registering micro, small and medium enterprises. It was launched by the Ministry of Micro, Small & Medium Enterprises in 2020. Any person can avail a free Udyam registration for their enterprise …
What are Infrastructure bonds? Infrastructure bonds are long-term debt instruments with a maturity of at least seven years. They are issued to finance long-term development projects. Given that these instruments are used for providing finance to the infrastructure sector, banks …
Context The securities market regulator has said it is working on real-time settlement of transactions in India’s stock exchanges. The announcement came after the regulator shortened the settlement cycle to trade-plus-one (T+1) from T+2. What is meant by trade settlement? …