Urban unemployment rate drops to 6.6% in Q1 Context According to the National Sample Survey Office’s Periodic Labour Force Survey (PLFS), which was conducted between April and June 2023, the unemployment rate in urban regions of the nation decreased. What is the Periodic Labour Force […]
Claudia Goldin wins the 2023 Economics Nobel Prize Context Professor Claudia Goldin of Harvard University received the Nobel Prize in Economics on Monday for her work advancing our knowledge of the gender wage gap. What is the Workplace Gender Pay Gap? The discrepancy between the […]
MGNREGS runs out of funds; Ministry seeks more budget Context Six months into the fiscal year, the major rural employment program, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), has run out of funding and is running a deficit of 6,146.93 crore, according to […]
Banks told to display information on borrowers Context The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, which was passed in 2002, requires Regulated Entities (REs), such as commercial banks and Non-Banking Finance Companies (NBFCs), to display information about borrowers […]
Some Advice To India On The IFA Negotiations Context: India is opposed to joining the investment facilitation agreement negotiations for fear of investor-state dispute settlement claims. Points to ponder: Background: The World Trade Organization (WTO) is now in a “moribund” state, although the investment facilitation […]
The NPCI’s New Circular On Levy Charges Context: A new interchange fee would be charged for PPI merchant purchases, according to the National Payments Corporation of India (NPCI), which oversees UPI. Prepaid Payment Instruments (PPIs) are payment methods that allow you to transfer and receive […]
Securities and Exchange Board of India (SEBI) – Part 3 #GS 03 Economics For Prelims Securities and Exchange Board of India (SEBI) Securities and Exchange Board of India (SEBI) is a statutory body established on April 12, 1992 as per the provisions of the Securities […]