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V-shaped Recovery

In News The FY23 growth would be about 70% on a year-on-year basis and mark a ‘V-shaped’ recovery for the aviation sector. V-shaped Recovery About: It is a type of economic recession and recovery that resembles a “V” shape in charting.  It involves a sharp rise back to a previous peak after a sharp decline […]

Trade agreements with Australia and UAE

In News Recently, Various export promotion councils (EPCs) praised the trade agreements signed by India with the UAE and Australia. They said that these agreements will help India in boosting its exports by granting preferential access to those markets for Indian products.  More about the news The recent pacts: India–UAE Comprehensive Economic Partnership Agreement (CEPA) […]

National Retail Trade Policy

In News Recently, The Department for Promotion of Industry and Internal Trade (DPIIT) has sought the views of 16 departments and ministries on its draft national retail trade policy. It is aimed at the overall development of all formats of the sector. About National Retail Trade Policy Data:  India is the world’s fifth-largest global destination […]

National AVGC-Extended Reality Mission

In News The Animation, Visual Effects, Gaming and Comic (AVGC) Task Force has recently called for a National AVGC-XR Mission. More about the report recommendations The Animation, Visual Effects, Gaming and Comics (AVGC) Promotion Task Force report has been submitted to the government for consideration. Draft national and State policies for the promotion of the […]

Free Trade Agreements (FTAs)

In News Non-tariff issues have recently flagged concerns in the ongoing FTA negotiations with the UK, the European Union, as well as the India-Australia Comprehensive Economic Co-operation Agreement (CECA). Some of the non-tariff issues are carbon emission norms, climate action, labour and gender balance standards. Background There are significant differences between the old FTAs negotiated […]

National Food Security Act (NFSA)

In News The Union Cabinet recently decided to provide free foodgrains to all 81 crore beneficiaries covered under the National Food Security Act (NFSA) till December 2023. More about the news New changes in NFSA:  Beneficiaries will now get 35kg of foodgrains free for the next year and others will get 5kg for free in […]

Greenwashing

In News Recently, the RBI Deputy Governor stressed on the need for regulated entities to assess climate-linked financial risks along with a demand for a formal definition of green finance. About What is Environmental, social, and governance (ESG)? These investments are types of socially responsible investing that consider the impact on the environment, its stakeholders, […]

Low-value Loans Fuelling NPAs in Education Sector

In Context Recently, the data on Non-Performing Assets (NPAs) in education loans of Public Sector Banks (PSBs) was obtained through the Right to Information Act. The data highlights Loans for premier institutes vs secondary institutes: The data shows that the default rate is much lower for loans disbursed to students in premier institutes as compared […]

Rupee Trade Settlement Mechanism

In News Recently, Sri Lanka has agreed to use the Indian rupee (INR) for international trade. More about the news Indian rupee trade settlement mechanism: The Government of India said it is looking at ways to bring countries that are particularly short of dollars into the ambit of Indian rupee trade settlement mechanism. Sri Lanka’s […]

RBI Gold Bonds

In News The Reserve Bank of India (RBI) has announced the Sovereign Gold Bond Scheme 2022-23 – Series III. What are Gold Bonds? Gold bonds are government securities denominated in grams of gold.  They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed […]