Context RBI Deputy Governor T. Rabi Shankar observed that Central Bank Digital Currency (CBDC) platforms could bring about a substantive change in the sphere of cross-border payments. He added that coordination across countries, and between the public and private sectors …
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 …
Context De-dollarisation refers to the replacement of the U.S. dollar by other currencies as the global reserve currency. A reserve currency refers to any currency that is widely used in cross-border transactions and is commonly held as reserves by central …
Context The recent strike by Zomato-owned Blinkit delivery agents has once again brought to the forefront the issues plaguing the gig economy in the country and the reforms required to stop the exploitation of such workers. The strikes began when …
What is PMI? Purchasing Managers’ Index is an economic indicator which indicates the business activity & economic health of both the manufacturing and service sectors. PMI of India is compiled and constructed by IHS Markit, an information services provider. PMI …
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’s in the news? The Union Ministry of MSME has launched the revamped CGTMSE Scheme. CGTMSE has been provided with an additional corpus support of ₹9,000 crore in the Union Budget for FY 2023-24 to revamp its Scheme to provide …