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 …
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 …
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 …
About PMEGP Prime Minister’s Employment Generation Programme (PMEGP) is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises since 2008-09. It is a major credit-linked subsidy programme aimed at assisting first generation entrepreneurs for setting …
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 IIP The Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base …
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 …
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 …
What’s in the news? India’s Gross Domestic Production registered a growth of 4.4% in the October-December third quarter of the current fiscal. GDP in the third quarter of 2022-23 is estimated at Rs 40.19 lakh crore, as against Rs 38.51 …