Indian Economy

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 : 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 …

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 …

 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 …

The Finance Commission is a quasi-judicial body established by Article 280 of the Indian Constitution. Every five years or earlier if deemed necessary, it is established by the President of India. The Parliament determines the qualifications of the members of the Commission and their selection methods. Their recommendation is not …

Urbanisation refers to shifting of population from rural areas to urban areas. Urbanisation Primarily driven by Pull factor. Urbanisation gained pace Particularly after LPG Pull Factors Economic Opportunities Education Health Entertainment Skill Development Job Availability Unsustainability in Urbanisation often lead to various problems in the Society. To tackle this Problem …

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

The Government of India sets Minimum Support Price (MSP) for certain agricultural products. MSP is a safety net for farmers that ensures a minimum guaranteed price for their produce. MSP protects farmers from market fluctuations and ensures a fair return on their investment.  The MSP is based on a calculation of at …