About Payments banks Payments banks are the new age banks with limited facilities. These banks mostly operate through the small vendors and shopkeepers. It exists in between the mobile wallet and regular banks. Payments banks are permitted to set up …
What’s in the news? India’s trade deficit with China has touched $71.56 billion in the first 10 months of 2022-23, just $1.7 billion short of the record high of $73.31 billion in 2021-22. The trade deficit with China has decreased …
Context The Indian Himalayan Region (IHR), with its rich biodiversity, glaciers, water resources and cultural diversity, attracts a large number of visitors from all over the world. According to NITI Aayog, as of 2018, West Bengal sees the highest inflow …
Context Recently, four persons were arrested in Tamil Nadu for allegedly assaulting migrant workers. The incident sparked questions on the safety of migrants in the country. Migration in India According to official sources, over 37 per cent of the population …
What’s in the news? India and Australia have reached a major milestone in working towards investment in critical minerals projects to develop supply chains between the two countries. The Partnership has identified five target projects (two lithium and three cobalt). …
Context Officials from the Australian government said that the Economic Cooperation and Trade Agreement (ECTA) signed between India and Australia is a transformative agreement which will unlock the next level of potential in trade and investment. In 2022, India is …
Who is a Controller General of Accounts (CGA)? A CGA is the Principal Advisor on Accounting matters to the Union Government. He is responsible for establishing and managing a technically sound Management Accounting System. He is responsible for preparation and …
Competition Act, 2002 The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Mergers and acquisitions), which causes or likely to …
What’s in the news? Union Minister of State for External Affairs Rajkumar Rajan Singh said, India’s GDP is currently ranking fifth on the world economy index, which will go up to fourth by this year’s end and overtake the position …
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 …