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 …
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 …