About GI Tag A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign …
About The government has released the National Logistics Policy 2022 as a comprehensive effort to address issues of high cost and inefficiency by laying down an overarching interdisciplinary, cross-sectoral and multi-jurisdictional framework for the development of the entire logistics ecosystem. …
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 …
What’s in the news? RBI has decided to discontinue Incremental Cash Reserve Ratio (I-CRR) which was put in place to absorb surplus liquidity following the withdrawal of 2,000 rupees currency notes, in a phased manner. The I-CRR was introduced on …
Context According to the RBI’s Handbook of Statistics on Indian States, the growth rate of real wages between 2014-15 and 2021-22 was below 1 per cent per year. Real wages, which take into account inflation, are an essential component of …
About NPCI The National Payments Corporation of India (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 …
Context Pension Fund Regulatory and Development Authority (PFRDA) has said that it will allow pension funds to invest in sovereign green bonds (SGrBs). What are Green Bonds? Green bonds are bonds issued by any sovereign entity, inter-governmental groups or alliances …
Context As the importance of social security came into focus after the major waves of the pandemic, the debate on universal basic income (UBI) began to resurface in policy circles across the globe. However, there is another UBI that needs …
Context A gig economy is a free market system in which temporary positions are common and organizations hire independent workers for short-term commitments. Examples of gig workers include freelancers, independent contractors, project-based workers and temporary or part-time hires. Recently, the …
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 …