What’s in the news? The government’s policy think tank Niti Aayog has released its study related to the gig economy. Highlights of the Study According to the study, the number of workers engaged in the gig economy is estimated to …
About Co-operative banks Co-operative banks are financial entities established on a co-operative basis and belonging to their members. This means that the customers of a co-operative bank are also its owners. These banks provide a wide range of regular banking …
About BIS Bureau of Indian Standards (BIS) is the National Standard Body of India established under the BIS Act 2016. BIS is responsible for the harmonious development of the activities of standardization, marking and quality certification of goods. BIS works …
What’s in the news? Prime Minister Narendra Modi has launched a new portal NIRYAT (National Import-Export Record for Yearly Analysis of Trade) – a one-stop place for all info needed on India’s foreign trade. The NIRYAT portal will help provide …
About the scheme The Production Linked Incentive (PLI) aims to give companies incentives on incremental sales from products manufactured in domestic units. Apart from inviting foreign companies to set shop in India, the scheme also aims to encourage local companies …
What’s in the news? The Reserve Bank of India (RBI) has released “Payments Vision 2025” with the core theme of ‘E-Payments for Everyone, Everywhere, Everytime’ (4Es) with an objective to provide every user with safe, secure, fast, convenient, accessible and …
Context The Reserve Bank of India (RBI) has proposed to allow linking of credit cards with the Unified Payments Interface (UPI) platform. The move is part of the central bank’s efforts to enhance the scope of UPI. RuPay credit cards …
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 …
About PLFS In India, the National Statistical Office (NSO) has been quinquennially (over a period of five years) collecting data on employment and unemployment but from 2017 onwards, the Periodic Labour Force Survey (PLFS) was launched by the NSO. The …
What is it? The GST regime, launched on July 1, 2017, introduced a uniform indirect tax structure across the country by merging various state and local-level levies. Under the GST compensation Act 2017, states are guaranteed full compensation for any …