Context: The National Statistics Office (NSO) released the First Advance Estimates (FAE) for India’s national income for the financial year 2024-25, forecasting a 6.4% growth rate. Key Highlights: Impact on the Fiscal Management of the Government Challenges to Growth in the Medium Term
The Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Context: The Pradhan Mantri Suraksha Bima Yojana (PMSBY) provides one years personal accident insurance to those aged 18 to 70 years, with a cumulative enrollment of 475.9 million. Pradhan Mantri Suraksha Bima Yojana (PMSBY) Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an insurance policy that provides financial assistance in case of accidental death or disability due to:
Cooperative Banks
Context: The Reserve Bank of India (RBI) has released drafts for revised formats of the financial statements, the balance sheet and profit and loss account, for cooperative banks to enhance norms governing regulated entities. These forms were notified in 1981. Cooperative Banks Cooperative banks are financial institutions that are owned and operated by their members, who are also the bank’s customers. They are based on the principles of: Features Examples Financial Regulatory Bodies in India
National Investment and Infrastructure Fund Trustee Ltd (NIIFTL)
Context: The government has nominated State Bank of India Chairman CS Setty and Uday Kotak, founder and director, Kotak Mahindra Bank, as governing council members of the National Investment and Infrastructure Fund Trustee Ltd (NIIFTL). National Investment and Infrastructure Fund Trustee Ltd (NIIFTL) The National Investment and Infrastructure Fund Limited, is an Indian public sector entity, manages infrastructure investment on behalf of domestic and foreign investors to fund India’s development across key sectors. What is Public Sector & Private Sector? The public sector is the part of the economy that is owned and managed by the government, while the private sector is the part of the economy that is ow
National Statistics Office (NSO)
Context: According to projections from the National Statistics Office (NSO), India’s real GDP is likely to grow by between 6.4 and 8.2 percent during the financial year 2024-25. The National Statistical Office (NSO) The National Statistical Office (NSO) is the nodal agency for statistical activities in India. The NSO was formed by merging the National Sample Survey Office (NSSO) and the Central Statistical Office (CSO). The NSSO was established in 1950 to conduct large-scale sample surveys across India. It is responsible for many functions, including: Comparing GVA and GDP
India’s Ethanol Program
What is Ethanol? Role of Ethanol in India Some of the challenges therein include: The Ethanol Blended Petrol (EBP) Programme Road Map for Ethanol Pr
Beta-blockers can Lead to Hypokalaemia!
Context: Beta-blockers, drugs prescribed commonly to people suffering from irregular heartbeat and hypertension among other ailments, can lead to dangerously low potassium levels or hypokalaemia, the Indian Pharmacopoeia Commission (IPC) has warned. Beta-blockers Beta blockers, also known as beta-adrenergic blocking agents, are a class of drugs that slow the heart rate and lower blood pressure.
8. Thorium Based Fuel
Context: Nuclear power has been in the news with NTPC announcing a partnership with the USbased Clean Core Thorium Energy (CCTE) to develop thorium based fuel for use in nuclear reactors. Thorium Thorium is slightly radioactive metal that can be used to create nuclear fuel. It is available more than uranium and can be used in most reactor types. Thorium fuel has some advantages over uranium, including: Thorium as Fuel Clean Core Thorium Energy (CCTE) Clean Core Thorium Energy (CCTE) is a US-headquartered company that develops nuclear fuel to address climate and human development challenges.
AI Governance in India
Context: The Union government panel, group, or home for the set AI framework has suggested forming an inter-ministerial committee of the government which will emphasize putting AI legislation into practice and governing the emerging environment of AI. Key recommendations Core Principles of AI Governance: IndiaAI Mission
IndiaAI Mission
Objective: Financial Support: Present Focus: Components of the IndiaAI Mission Key Highlights of India’s Artificial Intelligence Market: Challenges Anticipated for IndiaAI Mission:
