Indian Economy

Hunar se Rozgar Scheme, The Skilling Potential of Tourism

Relevance : Hunar se Rozgar Scheme, India Skills Report 2024 And Skill Development In India, and Higher Education & The Skill Requirements In The Job. Since 2006, the Ministry of Tourism is implementing a relatively less-known scheme called ‘Hunar se Rozgar’ meaning skill to employment, primarily aimed at catching the …

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Vibrant Villages Programme

Scheme Overview: Launched: Union Budget 2022-23 (ongoing till 2025-26) Target: Border villages along the northern borders of India (Himachal Pradesh, Uttarakhand, Sikkim, Arunachal Pradesh, Ladakh) Focus: Comprehensive development of these villages to improve living standards and curb outmigration. Funding: Centrally Sponsored Scheme with a budget of ₹4,800 crores. Key Objectives: …

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PMAY: Pradhan Mantri Awas Yojana for Affordable Housing.

pmay

Introduction: The Pradhan Mantri Awas Yojana (PMAY), also known as “Housing for All” mission, is a flagship initiative launched by the Government of India in 2015. It aims to achieve the ambitious goal of “Housing for All by 2022” by providing affordable housing solutions to all eligible urban and rural …

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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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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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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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Allocation of Election Symbol

election symbols

 Concept The Election Symbols (Reservation and Allotment) Order, 1968 is a significant legal document in Indian electoral law. It was issued by the Election Commission of India (ECI) under the authority granted by the Representation of the People Act, 1951. This order primarily deals with the reservation and allotment of …

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