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. […]

Restructuring of NITI Aayog Restructuring of NITI Aayog The Central Government Restructured NITI Aayog Restructuring of NITI Aayog: Restructured by the Central Government on July 16. Includes senior ministers from the NDA coalition. PM Narendra Modi remains as Chair, with Suman Berry as Vice-Chair. New Members: Full-time members: Dr. V.K. Saraswat, Prof. Ramesh Chand, Dr. […]

Maharashtra Government Approves Logistics Policy 2024 Maharashtra Government Approves Logistics Policy 2024 Maharashtra Government Approves Logistics Policy 2024 National Logistics Policy (NLP): Launched in September 2022. Aims to reduce logistics costs from 13-14% of GDP to 8% by 2030. Focuses on digitalization, infrastructure, multi-modal transport, skill development, and public-private partnerships. Expected to boost economic growth, […]

NABARD Announces ₹750 Crore ‘Agri SURE’ Fund NABARD Announces ₹750 Crore ‘Agri SURE’ Fund NABARD Announces ₹750 Crore ‘Agri SURE’ Fund to Promote Innovation in Agriculture ‘Agri SURE’ Fund (Agri Fund for Start-Ups & Rural Enterprises): Objective: Support start-ups and entrepreneurs in agriculture and allied sectors. Financial Structure: Rs 750 crore Category-II Alternative Investment Fund […]

NITI Aayog Releases SDG India Index 2023-24 NITI Aayog Releases SDG India Index 2023-24 NITI Aayog Releases SDG India Index 2023-24 SDG India Index 2023-24: Overall score: 71 (up from 66 in 2020-21, 57 in 2018). Top states: Uttarakhand, Kerala, Tamil Nadu, Goa. Lagging states: Bihar, Jharkhand, Nagaland, Meghalaya. Significant Improvement in: Goal 13 (Climate […]

GST Completes 7 Years GST Completes 7 Years Goods and Services Tax (GST) Completes 7 Years Introduction to GST: Enactment: GST was introduced in India through the 101st Constitutional Amendment Act in 2017. Nature: A comprehensive indirect tax levied on the supply of goods and services, replacing multiple indirect taxes levied by both Central and […]