What’s in the news? A report by State Bank of India (SBI) economists has noted that a robust digital infrastructure, careful recalibration of bank branches, increase in mobile transactions and a jump in number of bank branches has improved India’s …
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 …
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 …
Levels of Economic Integration Economic integration takes the form of the Preferential Trade Area, Free Trade Area, Customs Union, Common Market and Economic Union. A preferential trade area (PTA) is a trading bloc that gives preferential access to certain products …
About Foreign Contribution (Regulation) Act, (FCRA), 2010 The FCRA 2010 regulates the acceptance and utilisation of foreign contribution by individuals, associations and companies. Foreign contribution is the donation or transfer of any currency, security or article (of beyond a specified …
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 …
What is Prompt Corrective Action (PCA)? The PCA framework specifies the trigger points or the level in which the RBI will intervene with corrective action if a commercial bank’s financial condition worsens below a mark. Prompt Corrective Action or PCA …
What is dumping? Dumping is the practice of selling a product in a foreign market at an unfairly low price (a price that is lower than the cost in the home market, or which is lower than the cost of …
What’s in the news? Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. The following trends in India’s Foreign Direct Investment …
CONTEXT Recently, the World Bank Group has scrapped its flagship publication, the ‘Doing Business’ report. This report published the influential annual ranking of countries on the Ease of Doing Business (EDB) index. DOING BUSINESS PROJECT The project was launched in …