Economy

Indo-Pacific Economic Framework (IPEF)

Introduction The Indo-Pacific Economic Framework for Prosperity (IPEF) is a strategic economic initiative launched by the United States in May 2022. It aims to strengthen economic ties among member countries in the Indo-Pacific region, fostering resilience, sustainability, and shared prosperity. This framework holds significance for regional economies, including India, offering …

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National Mission on Edible Oils-Oil Palm (NMEO-OP)

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 …

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Green Bond

green bond

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 …

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Corrupt practices under RPA,1951

Corrupt practices under RPA

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 …

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Industrial Alcohol -Centre and State Laws for its Regulation

Industrial Alcohol Regulation

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, …

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PMLA: Combating Money Laundering and Financial Crimes

pmla

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 …

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Anti Dumping Duty – protection of Domestic Industries by WTO

ANTI-DUMPING

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 …

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Purchasing Managers’ Index: The Economic Health Indicator

purchasing manager's index

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 …

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Exchange Traded Currency Derivatives

Exchange Traded Currency Derivatives

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 …

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