Economic Development

Current Affairs for UPSC IAS Exam

Prepaid Payment Instrument (PPI)

Context Prepaid Payment Instrument (PPI) holders may soon get protection for their money against any fraud or unauthorised payment transactions ...
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Salt cavern-based reserves

Context Government-owned engineering consultancy firm Engineers India (EIL) is studying the prospects and feasibility of developing salt cavern-based strategic oil ...
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The South Indian filter coffee

Context The Statista site states that India is the sixth largest producer of coffee in the world, after Brazil, Vietnam, Colombia, Indonesia, ...
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Open Network for Digital Commerce (ONDC)

Context After the revolution brought in the realm of digital payments by the Unified Payments Interface (UPI), the Open Network for ...
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Lumpy skin disease vaccine awaiting for approval

Context Almost 10 months since an indigenous vaccine for lumpy skin disease was released by the government, its final approval ...
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Green deposits regulatory framework by RBI

Context Recently, the Reserve Bank of India (RBI) came up with a regulatory framework for banks to accept green deposits ...
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IS 18149:2023 Transportation of Dangerous Goods

Context The guidelines, known as ‘IS 18149:2023 - Transportation of Dangerous Goods — Guidelines’, have been formulated under the Transport ...
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SWAMIH investment fund

Context Launched in November 2019, SWAMIH investment fund has raised Rs 15,530 crore so far with an aim to provide ...
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Social Stock Exchange (SSE)

Context The National Stock Exchange of India received the final approval from the markets regulator Securities and Exchange Board of ...
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MIIRA Initiative for millets

Context India has introduced a draft to launch a global initiative MIIRA to encourage the consumption and production of millet ...
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MCLR raised by multiple lenders

SBI, BoB, IOB have raised MCLR Context Following the 25 basis points (bps) hike in repo rate by the Reserve Bank ...
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T+1 settlement cycle

Context After China, India will become the second country in the world to start the T+1 settlement (‘trade-plus-one’) cycle in ...
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New Umbrella Entity (NUE)

Context Recently, the Reserve Bank of India (RBI) has put on hold licensing of the New Umbrella Entity (NUE) network, ...
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Private Mining Of Rare Earth Metals

Private Mining Of Rare Earth Metals Context The Confederation of Indian Industry (CII) has urged the government to encourage private ...
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Nine products get GI Tags

Context The Union government has granted the Geographical Indication (GI) tag to 9 products from across the country, including the ...
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