About WPI Wholesale Price Index (WPI) measures and tracks the changes in the price of goods in the stages before the retail level. It provides estimates of inflation at the wholesale transaction level for the economy as a whole. WPI …
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 …
About Co-operative banks Co-operative banks are financial entities established on a co-operative basis and belonging to their members. This means that the customers of a co-operative bank are also its owners. These banks provide a wide range of regular banking …
What is the Financial Services Institutions Bureau (FSIB)? The Financial Services Institutions Bureau has been constituted effective from July 01, 2022, as an autonomous body of Government of India. It replaced the Banks Board Bureau (BBB). FSIB’s mandate is recommending …
About PMMSY The central government launched the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in 2020 to bring about the Blue Revolution through sustainable and responsible development of the fisheries sector in India. It is implemented by the Department of Fisheries, …
Context: One of the relatively healthy developments in Indian healthcare in recent years has been the steady fall in the average out-of-pocket expenditure (OOPE). However, Government’s Health expenditure has to be increased to further reduce Out Of Pocket Expenditure (OOPE). …
About CPI Consumer Price Index is an index which measures the weighted average of prices of a basket of consumer goods and services such as transportation, food and medical care. It is calculated by measuring price changes for each item …
How does India measure retail inflation? Inflation refers to a rise in the general level of prices of a set of goods and services over a period of time. India bases its retail inflation metrics on the Consumer Price Index …
About Insolvency and Bankruptcy Code, 2016 Insolvency is a situation where individuals or companies are unable to repay their outstanding debt. The Insolvency and Bankruptcy Code (IBC) provides a time-bound process for resolving the insolvency of corporate debtors called the …
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 …