Socio Economic Scheme

Context: The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) have signed an agreement aimed at promoting the use of local currencies—the Indian Rupee (INR) and the Maldivian Rufiyaa (MVR)—in cross-border transactions. About Cross-Border Payments (CBPs) Cross-border payments involve financial transactions where the payer and the recipient …

Gross Domestic Product (GDP) represents the total monetary value of all goods and services produced within a country’s borders over a specified period. While it is widely used as an indicator of economic performance, it has significant limitations in assessing overall well-being and environmental health. Criticisms of GDP as an …

Context: The Union Cabinet recently approved the development of the Vadhavan Port, a major greenfield deep-draft port project in Maharashtra. This ambitious project, estimated to cost ₹76,200 crore, is poised to significantly enhance India’s maritime infrastructure. Project Details: Implementation: The port will be constructed by Vadhavan Port Project Limited (VPPL), …

Introduction Microfinance is a method of lending very small sums to individuals to start or expand a small business. These borrowers tend to be low-income individuals. Features of Microfinance in India The principal amount borrowed is less than Rs 1 lakh Interest rates are lower than normal banks Does not …

Urban Development is a State subject. The Ministry of Housing and Urban Affairs assists the States / Union Territories (UTs) through its Missions / Schemes in urban areas- Atal Mission for Rejuvenation and Urban Transformation 2.0 (AMRUT 2.0), Smart Cities Mission, Swachh Bharat Mission-Urban 2.0 (SBM-U 2.0), Pradhan Mantri Awas …

Prime Minister Narendra Modi on Thursday said that “each paisa of every rupee released by his government from Delhi” now reaches its beneficiaries because his government had rooted out middlemen and corruption from the system, while taking a dig at former prime minister Rajiv Gandhi’s remark that “if one rupee …

The healthcare sector has welcomed Prime Minister Narendra Modi’s announcement in his Independence Day address that the Pradhan Mantri Jan Arogya Abhiyaan, also known as Ayushman Bharat or the National Health Protection Mission (AB-NHPM), will be launched on September 25. The healthcare sector has noted that the government should look …