Posted in Economy Agriculture

Rice and Wheat

India’s production of both rice and wheat hit all-time highs last year, according to Agricultural Ministry data.

Posted in Economy Economy Schemes and Initiatives

Pradhan Mantri Jan Dhan Yojana (PMJDY)

Pradhan Mantri Jan Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completed its nine years of successful implementation recently.

Posted in Economy Economy Schemes and Initiatives

Pradhan Mantri Ujjwala Yojana (PMUY)

25% of beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY) either did not take any cylinders during 2022-2023 or took just one refill.

Posted in Economy Economy Schemes and Initiatives

Central Bank Digital Currency

RBI Governor notified that existing cross-border payments can be made efficient by the adoption of Central Bank Digital Currencies (CBDCs).

Posted in Economy Agriculture Economy Schemes and Initiatives

6th Minor Irrigation Census

Recently, latest edition of the Minor Irrigation Census (MIC) finds that electricity is the dominant source of power to extract water, over diesel, windmills, and solar pumps.

Posted in World Affairs Economy Economy Institutions International Groupings

Financial Action Task Force

Financial Action Task Force (FATF) considers a set of binding rules to bring fugitive economic offenders across countries to justice.

Posted in Economy Economy Institutions

Urban Cooperative Banks (UCBs)

RBI Governor highlighted the need for the UCBs to strengthen financial and operational resilience to contribute to the overall financial and banking sector stability.

Posted in Agriculture Environment

Nano Liquid Urea

A recent opinion paper has questioned the scientific authenticity of Nano liquid urea produced by the country’s largest fertiliser manufacturer Indian Farmers and Fertiliser Cooperative (IFFCO).

Posted in Economy Economy Institutions

Neo Banks

Reserve Bank of India is hesitant to grant NBFC licenses to neo-banks such as PhonePe, Razorpay, BharatPe, OkCredit, and NiYo.

GSP
Posted in Economy Concepts World Affairs

Generalised System of Preferences (GSP)

Donald Trump has raised the issue of high tax by India on certain American products and has threatened to slap with reciprocal tax if voted to power in the 2024 presidential elections.

Posted in Economy Concepts World Affairs

India – ASEAN: Free Trade Agreement

India and the ASEAN countries reached an agreement on Monday to review their free trade pact for goods by 2025.

SWIFT Payment System
Posted in Economy Economy Concepts

SWIFT Payment System

Major defence deals with Russia have been delayed as Russia being shut out of the global SWIFT system for money transfers.