About MSP Minimum Support Price (MSP) is a form of market intervention by the Government to insure agricultural producers against any sharp fall in farm prices. MSP is the price at which the government procures certain crops from farmers to …
About NCDRC The National Consumer Disputes Redressal Commission (NCDRC) is a quasi-judicial commission in India which was set up in 1988 under the Consumer Protection Act of 1986. Its head office is in New Delhi. The Commission is headed by …
About WPI Wholesale Price Index (WPI) 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 …
About the Scheme The Kisan Credit Card (KCC) scheme was introduced in 1998 with the aim of providing adequate and timely credit support to the farmers for their cultivation and other needs as indicated below: To meet the short term …
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 …
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 …
About MSSC In the Union Budget 2023-34, the Government announced the Mahila Samman Savings Certificate (MSSC), a new small-savings scheme for women. An account under this scheme can be opened by a woman for herself or by the guardian on …
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’s in the news? The RBI recently announced that it considers the Open Market Operation (OMO) sale of government securities to manage liquidity in the system. What’s OMO? The RBI uses Open market operations in order to adjust the rupee …
Context The Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the monetary policy committee (MPC) has decided unanimously to keep the policy repo rate unchanged at 6.50 per cent. MPC is a committee of the RBI which is …