The Ministry of Statistics and Program Implementation (MoSPI) released the ‘Annual Survey of Industries’ (ASI) ASI Report and IFFCO Ranking ASI (Annual Survey of Industries): Key source of industrial statistics in India. Top States by Gross Value Added (GVA): Gujarat Maharashtra Tamil Nadu Karnataka Uttar Pradesh Top States by Employment: Tamil Nadu Gujarat Maharashtra Uttar […]

RBI bars Paytm Payments Bank from accepting deposits in any customer account from next month RBI Bars Paytm Payments Bank and Blue Economy Initiatives RBI Bars Paytm Payments Bank from Accepting Deposits The Reserve Bank of India (RBI) has announced that Paytm Payments Bank will be barred from accepting deposits in any customer account starting […]

First oil was recovered from the Krishna Godavari Basin thirty kilometers off the shore of Kakinada Krishna River and ONGC Overview Krishna River: Detailed Overview General Information: Fourth-longest river in India. Origin: Mahabaleshwar, Maharashtra, from a spring near Jor village. Mouth: Bay of Bengal, near Hamsaladeevi in Andhra Pradesh. Tributaries: Right Bank Tributaries: Ghataprabha Malaprabha […]

RBI’s Unified Lending Interface (ULI) RBI’s Unified Lending Interface (ULI) RBI to Launch Unified Lending Interface (ULI) Unified Lending Interface (ULI) – Key Details The Reserve Bank of India (RBI) has announced the launch of the Unified Lending Interface (ULI), an initiative to streamline and simplify the loan application and approval process, inspired by the […]

16th Finance Commission Advisory Council 16th Finance Commission Advisory Council 16th Finance Commission Advisory Council Formation Date: July 9, 2024 Members: 5-member council Convener: Dr. Poonam Gupta Members: D.K. Srivastava, Neelkanth Mishra, Pranjul Bhandari, Rahul Bajoria Key Points on 16th Finance Commission: Constitutional Body: Recommends financial relations between the Centre and states. Chairman: Arvind Panagariya […]

Price Monitoring System (PMS) App Price Monitoring System (PMS) App Food & Consumer Affairs Minister launches version 4.0 of Price Monitoring System (PMS) Mobile App Price Monitoring System (PMS) App Overview: Launched by the Price Monitoring Division (PMD), Department of Consumer Affairs in 2021. Reports daily prices of selected essential commodities. Source of Price Data: […]

Liquidity Coverage Ratio (LCR) Guidelines Liquidity Coverage Ratio (LCR) Guidelines RBI recently issued the draft guidelines for banks on the Liquidity Coverage Ratio (LCR). About Liquidity Coverage Ratio (LCR): Definition: Ratio of highly liquid assets to short-term obligations (30 days). Purpose: Ensure financial institutions can meet short-term liquidity needs. 30-Day Period: Based on typical government […]

SDG India Index 2023-24 SDG India Index 2023-24 Release of SDG India Index 2023-24 SDG India Index 2023-24: India’s overall SDG score: 71 (up from 66 in 2020-21 and 57 in 2018). 32 States/UTs in the “Front Runner” category, with 10 new entrants including Arunachal Pradesh, Assam, Rajasthan, and Uttar Pradesh. Significant Progress in Goals: […]

India GDP Growth Q1 (2024-25) India GDP Growth Q1 (2024-25) Economy’s Growth Rate Hit a 15-Month Low of 6.7% in Q1 of 2024-25 India’s GDP Growth Q1 (April-June) 2024-25: Key Points GDP Growth: Grew by 6.7% in Q1 2024-25, down from 8.2% in Q1 2023-24. Forecast vs. Actual: Below RBI forecast of 7.1% for Q1 […]

NHRC Suo Motu Cognizance of Industrial Accident NHRC Suo Motu Cognizance of Industrial Accident NHRC Takes Suo Motu Cognisance of Atchutapuram Pharma Unit Blast NHRC’s Suo Motu Cognizance of Industrial Accident in Andhra Pradesh Incident: Reactor blast at Atchutapuram SEZ, Andhra Pradesh on 21st August 2024. NHRC Action: Took suo motu cognizance of media reports. […]