Context The S&P Global India Manufacturing PMI surged to 57.8 in December 2022 from 55.7 in the prior month of November, pointing to the highest reading since October 2020. About Purchasing Managers’ Index (PMI) The PMI data is released at the beginning of every month. PMI or a Purchasing Managers’ Index (PMI) is an indicator […]
Context The Reserve Bank of India said that the State Bank of India, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs). The RBI announced SBI and ICICI Bank as D-SIBs in 2015 and 2016 while HDFC Bank was added to the list as on March 31, 2017. What […]
In News The draft National Medical Commission (NMC) bill 2022 seeks to introduce a fifth autonomous body under the country’s apex medical education regulator to conduct the National Exit Test (NExT). About Background: This comes at a time when the role of NMC is expanding, with the government working towards implementing NexT. National Exit Test […]
In News India needs to embrace multi-domain operations (MDO) amidst the rising Chinese threat. Key Points Present Tussle: India and China are confronting each other over the Arunachal Pradesh border. India has deployed the Indian Army for the first time in this sector. The threat had faded in public consciousness due to electioneering, bridge collapses, […]
In News The Centre’s fiscal deficit touched 59% of the budget target for 2022-23 in the first eight months, led by sharp growth in capital expenditure, moderate expansion in tax revenues, and higher transfers to states. What is Fiscal Deficit? Fiscal Deficit is the difference between the total income of the government (total taxes and […]
In News Recently, the government plans to use the technology across all export-driven crops to increase the country’s food shipments and incentivise farmers to take up chemical-free processes. India’s natural farming could soon get a technological push through blockchain. What is Blockchain Technology? Blockchain is a shared, immutable ledger that facilitates the process of recording […]
In News There is an ongoing conflict going on between the government and the National Commission for Scheduled Tribes over the Forest (Conservation) Rules (FCR) 2022. The Commission says that the new rules are violative of the Forest Rights Act, 2006. What is the National Commission for Scheduled Tribes? It is a constitutional body in India […]
In News Recently, a majority of four judges on a Constitution Bench of the Supreme Court (SC) found no flaw in the government’s process to demonetise ?500 and ?1000 banknotes through a gazette notification issued on November 8, 2016. Views of the Constitutional Bench A Constitutional Bench of the Supreme Court in a 4:1 majority […]
In News India assumed Chairmanship of Wassenaar Arrangement (WA) Plenary starting from January 1, 2023. India will hold the Chairmanship for one year. Wassenaar Arrangement (WA) About: It is a voluntary export control regime formally established in July 1996. The name comes from Wassenaar, a suburb of The Hague, where the agreement to start such […]
In News Recently, the Ministry of Electronics and Information Technology (MeitY) proposed an amendment to bring online gaming under the ambit of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. About Draft Rules Dispute resolution mechanism: A three-tier dispute resolution mechanism, similar to that prescribed under the Information Technology Rules, 2021 […]
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