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? …
About MSSC In the Union Budget 2023-34, the Government announced the Mahila Samman Savings Certificate (MSSC), a new small-savings scheme for women. An account under this scheme can be opened by a woman for herself or by the guardian on …
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 are Electoral Bonds? An electoral bond is designed to be an interest-free bearer instrument like a Promissory Note — in effect, it will be similar to a bank note that is payable to the bearer on demand. It can …
Background Despite India being world’s second largest coal producer and being the 5th largest country in terms of coal deposits, with coal reserves which may last at least 100 years more, the country is unable to produce adequate quantities of …