Cotton: Crying out for change Why in the news? Cotton farmers in Northern India suffered heavy losses in the last kharif season. Cotton Production in India Cotton output is estimated at 322 lakh bales (of 170 kg each), down by 48 lakh bales from the target of 370 lakh bales in 2022-23. Cotton productivity: It peaked at 566Read more
AT1 bonds: These are a type of unsecured, perpetual bonds that banks issue to improve their core capital base. The money raised through these bonds is kept aside as a shock absorber by the bank. They have a call option, which can be used by the banks to buy these bonds back from investors. TheseRead more
BHARAT campaign: Ministry of Agriculture & Farmers Welfare launched a new campaign for banks under the Agriculture Infrastructure Fund titled BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation). It is a one-month-long Campaign with a target of Rs 7200 crore. It aims to get active involvement and support of members of commercial Banks in theRead more
G20 Conference on Crime and Security: The inaugural session of the G20 conference on ‘Crime and Security in the age of NFTs, AI and Metaverse’, was held in Gurugram, India. This summit is a new and unique initiative of the G-20 Presidency and is the first conference on cyber security in the G-20. The metaverseRead more
SAGAR SAMPARK: It is an indigenous Differential Global Navigation Satellite System (DGNSS). The Differential Global Navigation Satellite System is a terrestrial-based enhancement system that corrects the errors and inaccuracies in the Global Navigation Satellite System (GNSS) allowing for more accurate positioning information. It is now able to transmit corrections of GPS and GLONASS. Sagar SamparkRead more
Global Multidimensional Poverty Index: The Global Multidimensional Poverty Index (MPI) report highlighted that a total of 415 million people moved out of poverty in India within just 15 years from 2005/2006 to 2019/2021. It said that 25 countries, including India, successfully halved their global MPI values within 15 years, showing that rapid progress is attainable.Read more
50th GST Meeting and its Outcome: Levy 28% GST on online gaming, horse racing, and casinos on full value: The GST council agreed that there should be no distinction between ‘game of skill and game of chance.’ The council announced that the GST on restaurants inside Cineplex attracted 5% GST against 18% earlier. Before theRead more
1) Offer For Sale (OFS): OFS of Rail Vikas Nigam Limited was oversubscribed. OFS is a process where promoters or owners of a listed company sell their shares to the general public. Shares can be obtained by foreign institutional investors, retail investors and companies. 2) Free Movement Regime (FMR): FMR is a mutually agreed arrangementRead more
1) Jan Vishwas (Amendment of Provisions) Bill, 2023: It was passed by the Lok Sabha. Features: A total of 183 provisions are being proposed to be decriminalized in 42 Central Acts; Pragmatic revision of fines and penalties commensurate to the offence committed; Establishment of Adjudicating Officers and Appellate Authorities; Benefits: Ensures that the degree andRead more
Combining social welfare and capital markets through SSE Why in News? The securities and Exchange Board of India (SEBI) has given approval to the National Stock Exchange of India to set up a Social Stock Exchange (SSE). SSE was presented in the Union Budget 2019. What is a Social Stock Exchange? The SSE would functionRead more
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