Economy

The Prevention of Money Laundering Act (PMLA), 2002, is a comprehensive legislation enacted by the Indian Parliament to combat money laundering and related activities. It aims to prevent the use of the financial system for the purpose of concealing or laundering proceeds of crime, to provide for the confiscation of …

The Public Distribution System (PDS) evolved as a system of management of scarcity through the distribution of food grains at affordable prices. 

Syllabus:  Green economy India’s experience has shown that climate action is only effective and embraced at scale if it aligns with the development aspirations of millions and contributes to economic growth. The green economy paradigm provides an optimistic pathway to align development and environmental outcomes. Example: building a solar park …

Syllabus: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth Context The two transfers mark the start of the transfer of ISRO-developed satellite bus technology to private industry. Points to note The Indian Space Research Organisation has transferred key space technology to 2 …

Syllabus: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. Why in NEWS The Union government on Thursday restricted all imports of laptops, tablets, and all-in-one and small-factor personal computers (PCs), requiring licences for these products to be brought into the country and …

Why in NEWS Union Minister of Finance said that Indian companies could now directly list their shares on foreign exchanges operating at the GIFT City-based International Financial Services Centre (IFSC) in Gujarat. The International Financial Services Centre (IFSC) It is a financial hub located in Gujarat International Finance Tec-City (GIFT …

Context The elevated levels of India’s fiscal deficit and public debt have been a matter of concern for a long time in India. Even before the COVID-19 pandemic, debt levels were among the highest in the developing world and emerging market economies. The pandemic pushed the envelope further and relative …

Despite a wetter July so far lifting the overall rainfall above the long period average, the southern peninsula, Deccan Plateau and the eastern region continue to experience a below-normal monsoon and kharif sowing remains lower than last year for crops like rice and pulses, risking faster food price inflation. Kharif …

T.N. tops NITI Aayog Export Preparedness Index 2022, Gujarat drops to fourth India has registered a significant decline of 9.89 percentage points in the number of multidimensionally poor, from 24.85% in 2015-16 to 14.96% in 2019-2021, says the “National multidimensional poverty index: a progress review, 2023”, released by NITI Aayog …

NITI Aayog is releasing the third edition of Export Preparedness Index (EPI) for States/UTs of India for the year 2022. Report Highlights The report discusses India’s export performance amid the prevailing global trade context in FY22, followed by an overview of the country’s sector-specific export performance. The report further highlights …