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 …
About FSDC Financial Stability and Development Council (FSDC) is an apex-level body constituted in 2010 to strengthen and institutionalize the mechanism for maintaining financial stability. It is not a statutory body. It is chaired by the Union Finance Minister of …
What is Money laundering? Money laundering refers to a financial transaction scheme that aims to conceal the identity, source, and destination of illicitly-obtained money. According to the United Nations Office on Drugs and Crime, money laundering is a process which …
Enforcement Directorate (ED) The Directorate of Enforcement is a multi-disciplinary organization mandated with investigation of offence of money laundering and violations of foreign exchange laws. The statutory functions of the Directorate include enforcement of following Acts: The Foreign Exchange Management …
What is meant by green workforce? “Green workforce” describes a broad grouping of careers that contribute directly to moving society and the built environment toward sustainability. They aim at reducing the negative environmental impact of economic sectors and further the …