Context: Emphasising crop diversification as one of the strategies to revitalise the plantation sector, the agri experts has underlined the need for considering scientific approach in crop selection. Crop Diversification Crop diversification is the practice of adding new crops or cropping systems to a farm’s agricultural production.
Fitch Ratings and CareEdge Ratings: India’s GDP Growth Outlook
Context: Fitch Ratings reduced India’s GDP growth for 2024-25 to 6.4% from 7.2% but does not expect the slump to be extended. Key Highlights: Other Institution Forecast: Also read: Comparing GVA and GDP
India’s Income Inequality and Growth
Context: According to WIL, the income inequality in present India is worse than that during colonial rule, which does not imply that the poor are worse off. Key Highlights: What is Income Inequality Income inequality is the uneven distribution of income across a population. It’s a concern in many countries around the world, and it’s often accompanied by wealth inequality, which is the uneven distribution of wealth. Gini Coefficient The Gini coefficient is a number between 0 and 1 or 100. Also Read: Editorial Analysis
RBI Aggravates Collateral-Free Loan Limit for Farmers
Context: RBI has updated and scoped the collateral-free loan ceiling for farmers with effect from January 1, 2025: Increased from â‚ą1.6 lakh to â‚ą2 lakh. Highlights: KCC could refer to the Kisan Credit Card scheme or the Kisan Call Centre:
Role of technology in delivering farm-fresh goods
Transforming farm-to-table Supply Chains through Technology Read more>> Also read: Agriculture Marketing
Road Map for Ethanol Production by Indian Sugar Mills Association
Context: ISMA proposes to hike the subsidy to â‚ą35,000 crore to increase sugarcane ethanol capacity by 20-25% by 2030-31. Key Findings: About ISMA? What is Ethanol blending? What is ethanol? Also read: India shortens down its target for ethanol blend
FEMA (Foreign Exchange Management Act)
Context: Standard Chartered Bank, India, has launched a “FEMA (Foreign Exchange Management Act) Centre of Excellence” Highlights:
Increasing Fraud Cases Face Public Sector Banks of India
Context Borrowal account frauds are responsible for ten percent of the total fraud cases and for 98% of the total fraud value in the period from April 2020 to September 2024. Key Highlights: Borrowal account fraud, also known as loan fraud, is when someone intentionally provides false information to obtain a loan or credit. Public Sector Banks or PSBs are those banks wh
Retail Inflation in India Takes a Soft Curve
Context:Retail inflation dropped to 5.48% in November, after being 6.2% for the previous month. Retail inflation Also read: India’s retail inflation and food inflation
Capex
Context: Plan for building India’s logistics towards becoming a developed nation by 2047 is in the works and spending towards capital expenditure (capex) would be decided according to the country’s requirement, Minister of State (MoS) for Finance Pankaj Chaudhary ( pictured )told reporters on Friday.What What is Capital Expenditure?
