Indian migrants, across India

Context The exodus of migrant workers from the cities following the announcement of the 21-day lockdown threw the spotlight on the vast number of Indians who live outside their home states. Facts and Figures: The total number of internal migrants in India, as per the 2011 census, is 45.36 crore or 37% of the Read More …

Reducing farm distress during a pandemic

Context The COVID-19 measures of social distancing and imposed lockdown have brought out the woes of migrant workers and the large population in rural areas dependent on agriculture. Lockdown impact on rural economy The economy has come to a complete halt in most of the informal and formal enterprises in urban areas. Apart from its evident effect Read More …

Real-Time Reverse Transcription Polymerase Chain Reaction (RT-PCR)

Context Recently the Indian Council of Medical Research’s (ICMR) approval for the use of antibody-based testing for COVID-19. Background So far, India has been employing the real-time reverse transcription polymerase chain reaction (RT-PCR) method for testing for COVID-19. RT-PCR is a laboratory technique combining reverse transcription of RNA into DNA and amplification Read More …

Counter-cyclical Capital Buffers (CCyB)

Context Recently the RBI has announced that banks need not activate countercyclical capital buffers (CCyB) amid slowdown due to COVID-19 outbreak. About Countercyclical Capital Buffer (CCyB) A capital buffer is a mandatory capital that financial institutions are required to hold in addition to other minimum capital requirements. CCyB is the Read More …

Fully Accessible Route (FAR)

Context The Reserve Bank of India (RBI) has introduced a separate channel, namely ‘Fully Accessible Route’ (FAR), to enable non-residents to invest in specified government bonds with effect from April 1. About Fully Accessible Route (FAR) The move follows the Union Budget announcement that certain specified categories of government bonds Read More …

Foreign Trade Policy 2015-2020 extended for one year

Context The Union Commerce and Industry Ministry has announced changes in India’s Foreign Trade Policy (FTP). The Govt. has decided to continue relief under various export promotion schemes by granting an extension of the existing Policy. Foreign Trade Policy 2015-20 It provided a framework for increasing exports of goods and Read More …

Employees’ Pension Scheme (Amendment) Scheme, 2020

Context The Union Ministry of Labour & Employment has informed about the total enrollments under EPS. About Employees Pension Scheme (EPS) EPS is a social security scheme that was launched in 1995 and is facilitated by EPFO. The scheme makes provisions for pensions for the employees in the organized sector Read More …

Essential Commodities Act

Context The Price Monitoring Division (PMD) in the Department of Consumer Affairs is monitoring the retail and wholesale prices of 22 essential food commodities due to increased panic buying by customers. Essential Commodities Act The ECA is an act which was established to ensure the delivery of certain commodities or Read More …

Potential Fishing Zone (PFZ)

Context The Indian National Centre for Ocean Information Services (INCOIS), Ministry of Earth Sciences (MoES), Hyderabad has reported that Oceansat Satellite data from Indian Space Research Organization (ISRO) are used to prepare the Potential Fishing Zone (PFZ) advisories on the potential rich fishing areas and provide to the sea faring Read More …

Capital to Risk Weighted Assets Ratio

Context The Cabinet Committee on Economic Affairs, chaired by Prime Minister has given its approval for continuation of the process of recapitalization of Regional Rural Banks (RRBs) by providing minimum regulatory capital to RRBs for another year beyond 2019-20, that is, up to 2020-21 for those RRBs which are unable Read More …