Economy

Introduction The National Mission on Edible Oils-Oil Palm (NMEO-OP) is a flagship initiative launched by the Government of India (GoI) in 2021 to address India’s heavy dependence on edible oil imports. This mission aims to significantly increase domestic oil palm production, a key source of edible oil, and reduce import …

Concept Green bonds have emerged as a financial instrument aimed at channeling investments into environmentally sustainable projects. As the world grapples with climate change and environmental degradation, green bonds offer a mechanism to finance initiatives that mitigate environmental impact and promote sustainability. Definition of Green Bonds: Green bonds are debt …

What is the Representation of People Act, 1951? The electoral framework in India is regulated by specific sections within the Indian Constitution, namely Articles 324 to 329 of Part XV. These provisions empower the Parliament to formulate legislation pertaining to both national and statelevel elections. Article 324 specifically establishes the …

Concept : Industrial alcohol, unlike alcoholic beverages, is not meant for human consumption (denatured). It finds applications in various sectors, including manufacturing pharmaceuticals, disinfectants, chemicals, and even biofuels. Constitutional Framework: State List (Entry 8): Entry 8 in the State List grants states authority over intoxicating liquor legislation, including production, possession, …

Concept : The Prevention of Money Laundering Act (PMLA), enacted by the Indian government, targets money laundering and associated financial offenses. Enacted in 2002, the PMLA aims to prevent and control money laundering activities and confiscate proceeds of crime derived from illicit activities. Key Provisions: Offences and Penalties: The PMLA …

Concept : Governments impose anti-dumping duties as a trade remedy measure to protect domestic industries from unfair competition resulting from the dumping of goods by foreign producers. Dumping: Dumping refers to the practice of exporting goods to another country at prices lower than their normal value, typically the price in …

TABLE OF CONTENTS News Concept Calculation Components of PMI PMI Releases News: Business activity in the services sectors likely clocked their fastest expansion in more than 13 and a half years in March, aided by a record uptick in export orders, as per the HSBC India Services Purchasing Managers’ Index …

TABLE OF CONTENTS News Concept Types of Exchange-Traded Currency Derivatives Currency Options News: The Reserve Bank of India (RBI) Thursday deferred the implementation of norms on exchange-traded currency derivatives (ETCDs) linked to Indian rupee until May 3 following concerns by investors. Concept : Derivatives are financial instruments whose value is …

TABLE OF CONTENTS News Concept of NDRF Key Features of NDRF   News: Tamil Nadu on Wednesday filed a suit in the Supreme Court accusing the Union government of treating the people of the State in a “step-motherly” fashion by delaying the release of disaster relief funds of nearly ₹38,000 …

Ministry of Finance has announced “India-Korea Electronic Origin Data Exchange System (EODES) for faster clearance of imported goods launched” By enabling the electronic exchange of origin data for goods traded under the Comprehensive Economic Partnership Agreement (CEPA) between the customs administrations of Korea and India, EODES will streamline the CEPA’s …