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Cooperatives in India

In Context The Central Government has recently introduced Bill to amend the Multi-State Co-operative Societies Act, 2002. About the Cooperative Societies About: A co-operative society is a voluntary association of individuals having common needs who join hands for the achievement of common economic interest.  Its aim is to serve the interest of the poorer sections […]

Building a Blue Economy: Learnings from China

In Context India must raise its own fishing fleet and build modern harbours to further its blue economy & security goals. What is Blue Economy? According to the World Bank, the blue economy is the: “Sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem.”  European […]

8th Anniversary of Pradhan Mantri MUDRA Yojana (PMMY)

In News The Prime Ministerhas lauded Mudra Yojana on completion of 8 years.  PM MudraYojana has played a vital role in funding the unfunded and ensuring a life of dignity as well as prosperity for countless Indians.  Pradhan Mantri MUDRA Yojana (PMMY) About:  The Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8th April 2015. […]

Application Supported by a Blocked Amount (ASBA)

In News Recently, the Securities and Exchange Board of India (SEBI) approved a framework for an Application Supported by a Blocked Amount (ASBA)-like facility for trading in the secondary market. SEBI’s recent decision  It gave its nod to an ASBA-like facility for secondary market trading.  The facility is based on the blocking of funds for […]

CBDT Signs 95 Advance Pricing Agreements in FY 2022-23

In News The Central Board of Direct Taxes (CBDT) has entered into a record 95 Advance Pricing Agreements (APAs) in FY 2022-23 with Indian taxpayers.  This includes 63 Unilateral APAs (UAPAs) and 32 Bilateral APAs (BAPAs).  About This year, CBDT recorded the highest ever APA signings in any financial year since the launch of the […]

RBI’s Monetary Policy Statement

In News The Reserve Bank of India held its first bi-monthly monetary policy of 2023-24. What is the Monetary Policy Committee? About:  The Monetary Policy Committee (MPC) is a committee of the Central Bank in India (Reserve Bank of India), headed by its Governor, which is entrusted with the task of fixing the benchmark policy […]

Kirit Parikh panel recommendations on Gas Pricing

In Context Recently, the Cabinet Committee on Economic Affairs (CCEA)  approved the Kirit Parikh panel recommendations on natural gas pricing. The Kirit Parikh committee was constituted in 2022 to review the existing pricing formula for domestically produced natural gas in India. More about the Committee Composition :  The committee is headed by energy expert Kirit […]

International Finance Corporation (IFC)

In News The International Finance Corporation (IFC), the private sector arm of The World Bank, has said it will not support investments in new coal projects. The IFC is taking the next step toward alignment with Paris Agreement ambitions. About Earlier, in 2020, IFC had unveiled a policy requiring clients to reduce their exposure to […]

Coastal Aquaculture Authority (Amendment) Bill 2023

In News The Coastal Aquaculture Authority (Amendment) Bill 2023 was introduced in the Lok Sabha. Major Highlights of the Bill  The Bill seeks to amend the Coastal Aquaculture Authority Act 2005. The Bill seeks to decriminalise the offences under the Act for promoting ease of doing business and to fine-tune the operational procedures of the […]

Einstein Tile

In News Recently  Mathematicians have discovered  an “einstein tile” About An “einstein tile” – a shape that could be singularly used to create a non-repeating (aperiodic) pattern on an infinitely large plane. Here, “einstein” is a play on German ein stein or “one stone” – not to be confused with Albert Einstein, the famous German […]