What is PMI? Purchasing Managers’ Index is an economic indicator which indicates the business activity & economic health of both the manufacturing and service sectors. PMI of India is compiled and constructed by IHS Markit, an information services provider. PMI …
About NPCI NPCI was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. It is an initiative of the RBI and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement …
About the Programme The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005, guarantees 100 days of work each financial year to any rural household willing to do public work-related unskilled manual work at the statutory minimum wage. In addition …
About NIIF National Investment and Infrastructure Fund (NIIF) is an Indian-government backed entity established in 2016 to provide long-term capital to the country’s infrastructure sector. It was established with a planned corpus of ₹40,000 crore. The NIIF aims to maximize …
About the scheme The Prime Minister Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) Scheme was launched by the Ministry of Housing and Urban Affairs for providing affordable Working Capital loans to street vendors to resume their livelihoods that have been …
What’s in the news? The Cabinet Committee on Economic Affairs has given its approval to a proposal of Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti to complete the balance works of North Koel Reservoir …
What’s in the news? The Government of India has notified the constitution of the National Turmeric Board. The National Turmeric Board will focus on the development and growth of turmeric and turmeric products in the country. The National Turmeric Board …
About IBBI The Insolvency and Bankruptcy Board of India was established in 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the …
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 …
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 is …