The Purchasing Managers’ Index (PMI) is a monthly economic indicator that provides information about the current and future conditions of a business. It is based on surveys of product managers, who are responsible for buying the materials needed to manufacture a company’s products. Who Publishes PMI? The S&P Global Purchasing Managers’ Index (PMI) is published by S&P Global, a financial information and analytics company. The PMI is a monthly survey that provides economic indicators based on facts, not opinion. Key Highlights:
The Purchasing Managers’ Index
The Purchasing Managers’ Index (PMI) is a monthly economic indicator that provides information about the current and future conditions of a business. It is based on surveys of product managers, who are responsible for buying the materials needed to manufacture a company’s products. The PMI is used by investors, analysts, and decision-makers to: Key Highlights:
Master Direction on Reporting of Customers Credit Information
Context: The RBI came out with a master direction consolidating various instructions issued to banks and other financial institutions on reporting of the credit information of their customers. Key Highlights: RBI and it’s Monetary Policy
Gold Reserve in Central Bank
Context: Central banks around the world, added 53 tonne of gold to their reserves, of which the Reserve Bank of India’s addition was 8 tonne, the World Gold Council (WGC) said. India’s Gold Reserves Reasons for Repatriating Gold Why RBI Keeps Gold Reserves Overseas
Government Schemes on Technology and Innovation in Agriculture
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AgriTech
Context: Vritti will launch sophisticated analytical tools that will help farmers understand market rates in a more detailed manner and track their financial performance. A credit control module will be launched to enable commission agents to manage outstanding debts and assess the creditworthiness of buyers. Key Features: Government Schemes on Technology and Innovation in Agriculture Source
Sustainable Agriculture
Sustainable agriculture is a method of farming that aims to produce food and livestock while minimizing its environmental impact. It aims to balance the need for food production with the preservation of the environment. Sustainable Agriculture Practices Schemes to Promote Sustainable Agriculture Schemes for Welfare of Farmers
Trade Unions
Context: Trade unions demand for increasing minimum EPFO pension 5 times to Rs 5,000 per month, immediate constitution of the 8th Pay Commission and higher taxes on super rich in the upcoming 2025-26 Budget. Trade Unions A trade union, also known as a labor union, is a group of workers who come together to protect and promote the interests and welfare of themselves. Trade unions are membership-based organizations that work to improve the relationship between employers and employees. Constitutional Status The right to form trade unions is a fundamental right in the Indian Constitution, guaranteed under Article 19(1)(c). This right includes the freedom to form associations or unions, and the right to conduct meetings and discuss problems. 8th Pay Commision The Indian Pay Commission, which is established every ten years to adjust the pay and perks of Central Government Employees (CGEs) to inflation and rising living expenses, has been attracting attention from government employees and pensioners. The 7th Pay Commission was implemented in 2016, but the 8th Pay Commission is yet to be officially announced.
Bharatpol Portal
Context: Home minister Amit Shah will launch the Bharatpol portal to streamline the processing of requests by the country’s law enforcement agencies (LEAs) for international assistance, through Interpol, in criminal matters. Bharatpol Portal: Advancement in Law Enforcement for India Bharatpol portal was unveiled by Union Home Minister Amit Shah. It is a tool prepared by the CBI to help advance international police cooperation.
National Company Law Appellate Tribunal (NCLAT)
Context: Meta Platforms moved the National Company Law Appellate Tribunal (NCLAT) challenging the Competition Commission of India (CCI) order imposing a fine of ₹ 213 crore on the tech giant for alleged abuse of its dominant position related to WhatsApp’s 2021 privacy policy. National Company Law Appellate Tribunal (NCLAT) This is a quasi-judicial body with its constitutions under Section 410 of the Companies Act, 2013, for hearing appeals against the orders passed by the National Company Law Tribunal(s), NCLT.
