About The Price Stabilization Fund (PSF) was set up in 2014-15 to help regulate the price volatility of important agri-horticultural commodities like onion, potatoes and pulses were also added subsequently. The scheme provides for maintaining a strategic buffer of aforementioned …
EAC-PM Economic Advisory Council to the Prime Minister (EAC-PM) is a non-constitutional, non-permanent and independent body constituted to give advice on economic and related issues to the Government of India, specifically to the Prime Minister. The Terms of Reference of …
About the Scheme In 2014, the government launched Pradhan Mantri Jan Dhan Yojana (PMJDY) to bring about comprehensive financial inclusion in the country. PMJDY envisages universal access to banking facilities with at least one basic banking account for ‘every adult’, …
What’s in the news? India handed over 21,000 tonnes of chemical fertilizer to the crisis-ridden neighbour Sri Lanka. This follows 44,000 tonnes supplied last month under Indian support, totalling about 4 billion US dollars in 2022. The fertilizer will contribute …
About the Scheme Sovereign Gold Bonds (SGBs) are bonds that are issued by the RBI on behalf of the Government on payment of rupees but denominated in grams of gold. The value of these bonds is tied to the value …
Context As the world cautiously emerges from Covid-19, countries are charting a roadmap to accelerate economic growth and build future resilience. Given that the global pandemic strained public resources, public-private partnerships (PPPs) can be an effective tool to optimise private …
About WPI Wholesale Price Index measures and tracks the changes in the price of goods in the stages before the retail level. It provides estimates of inflation at the wholesale transaction level for the economy as a whole. WPI basket …
About FRBM Act The Fiscal Responsibility and Budget Management (FRBM) Act was enacted in 2003. It is concerned with the maintenance of a balance between government revenue and government spending. The Act set targets for the government to reduce fiscal …
About the Scheme The Kisan Credit Card (KCC) scheme was introduced in 1998 with the aim of providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for …