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 the Programme In order to widen and deepen electronic manufacturing and ensure development of a robust and sustainable Semiconductor and Display ecosystem in the country, the Union Cabinet had approved the Semicon India Programme in December last year. The …
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 …
About CPI It is an index which measures the weighted average of prices of a basket of consumer goods and services such as transportation, food and medical care. It is calculated by measuring price changes for each item in the …
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 …
Context Australia, Japan, and Singapore, co-convenors of the plurilateral Joint Statement Initiative (JSI) on e-commerce are expecting a convergence on more issues on e-commerce by the end of 2022 Global rules on digital trade At the Second Ministerial Conference (1998) …
About MPC The Monetary Policy Committee (MPC) is a committee of the RBI which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level. The 2016 amendment of …
Context: The two important indicators of structural transformation in any economy are Rates of growth and changes in the structural composition of output and The workforce. India has experienced fairly consistent changes in the first indicator, especially after the 1991 …
What are they A virtual digital asset is proposed to mean any information or code or number or token (not being Indian currency or any foreign currency), generated through cryptographic means or otherwise, by whatever name called, providing a digital …
What’s in the news? For the next fiscal year FY23, capital expenditure budget – or investments into productive capital creation has been increased to ₹7.5 lakh crore, 24% higher than the FY22 revised estimate of ₹6 lakh crore and the …