Context: Fintech firm BharatPe is targeting an initial public offering (IPO) in the next 18 to 24 months with the company expecting profitability at an earnings before interest, taxes, depreciation and ammotisation level for FY25, chief executive officer (CEO) Nalin Negi said. EBITDA EBITDA or Earnings Before Interest, Taxes, Depreciation, and Amortization, is a financial metric. Companies use it extensively to compute their business’ performance in terms of finances. Furthermore, it offers a distinct idea to the investors and lenders about the profitability and of a company.
Atal Innovation Mission
Context: GOI’s Atal Innovation Mission argue that results so far have been excellent, including incubating apps like DigiYatra. The Atal Innovation Mission (AIM) The Atal Innovation Mission (AIM) is a government of India initiative to promote innovation and entrepreneurship. It was launched in 2016 by the National Institution for Transforming India (NITI Aayog) Recent Update The Union Cabinet has sanctioned the continuation of Atal Innovation Mission (AIM) under NITI Aayog (National Institution for Transforming India) with an increased budget of Rs. 2,750 crore, marking the launch of AIM 2.0 to strengthen India’s innovation ecosystem until 2028. Key Programs Under AIM 2.0 UPSC Civil Services Examination, Previous Year Question (PYQ) Prelims Q. Atal Innovation Mission is set up under the (2019) (a) Department of Science and Technology (b) Ministry of Labour and Employment (c) NITI Aayog (d) Ministry of Skill Development and Entrepreneurship Ans: (c)
Effects of Trade Deficit on India’s Economy
Context: China sold goods and services worth $3.6tn to other countries in 2024, bought stuff worth $2.6tn, and finished with a trade surplus of almost $1tn an all-time record even after adjusting for inflation. A trade deficit occurs when the value of any country’s imports exceeds the value of its exports which creates a negative balance of trade. Effects of Increased Trade Deficit to India’s Economy Reasons for India’s Higher Trade Deficit Trade Deficit
Sebi Proposes Demat Shares for Corporate Restructuring
Context: Sebi is proposing to issue all shares in demat mode in case a company splits or consolidates the face value of its shares. The regulator is also proposing to issue demat shares in case of corporate restructuring. Definition of SEBI’s Proposal and Keywords
Currency Volatility
Context: RBI will retain its policy of currency market intervention to check excessive volatility as part of its overall strategy for macro-economic management, amid reports indicating a more “flexible approach”. The RBI is adhering to the policy of entering the currency market for controlling the extreme volatility in currency. Currency Volatility Currency volatility refers to the fluctuation of the value of a currency over time. It is also termed foreign exchange (forex) volatility. The fluctuation and deviation in the values of a currency over others results in trade and investment and brings about instability to the economy of a country.
National Turmeric Board
Context: Union Minister of Commerce & Industry, Shri Piyush Goyal, inaugurated the National Turmeric Board in New Delhi. Shri Palle Ganga Reddy was announced as the first Chairperson of the Board. The Board’s headquarters is established in Nizamabad. Composition of the National Turmeric Board Objectives and Focus Areas Turmeric Production and Export Statistics Strategic Importance of the National Turmeric Board
IMD Initiatives for Weather Forecasting
Zero-Error Forecasting Severe Weather Preparedness Key Initiatives Launched India Meteorological Department It is the national meteorological service of India.
India Meteorological Department
It is the national meteorological service of India.
The Geotagging Initiative
Context: The Union Ministry of Finance (FinMin) is planning to direct banks to implement geotagging for all Business Correspondents (BCs) in order to enhance accountability and facilitate better monitoring of their activities. The Geotagging Initiative The geotagging initiative in banking is the process of adding geographical coordinates to banking touchpoints to improve accountability and monitor activities. It can ensure that services are delivered efficiently to the intended beneficiaries. Business Correspondents (BCs) Business Correspondents (BCs) are bank representatives who provide banking services to customers at locations other than a bank branch or ATM. They are also known as retail agents.
Wind Energy
Context: In an effort to help Indian Railways achieve net zero carbon emissions by 2030, the Ministry of Railways is considering leveraging wind energy by installing wind turbines along railway tracks, according to sources. Indian Railways Wind Energy Scheme Wind Turbines Wind turbines are a source of renewable energy that converts wind into electricity. Wind turbines are a source of clean energy because they do not burn fuel or pollute the air. The Indian Renewable Energy Development Agency Limited (IREDA) The Indian Renewable Energy Development Agency Limited (IREDA) is an Indian public sector enterprise, which provides financial assistance and other services to projects related to renewable sources of energy and energy efficiency/conservation. UPSC Civil Services Examination, Previous Year Questions (PYQs) Prelims Q.With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct? (2015) Select the correct answer using the code given below: (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Ans: (c)
