National Statistical Office in India
• It comes under the Ministry of Statistics and Program Implementation.• It houses the national sample survey office.• Its functions include collection, compilation, and release of official statistics.• Administers the civil registry act.• Production, publication, and dissemination of general-purpose statistics.• Statistics are made credible, objective, relevant, and transparent.• Statistics are kept confidential.• Statistics made available in several forms.• Self-service retrieval of statistical information.• Constituted in 1999 after merger of Department of Statistics and Programme Implementation.
REVEX Revenue Expenditure
REVEX stands for revenue expenditure, which is a term used in accounting and finance to describe the money a business spends on activities that are directly related to generating revenue. These expenses are also known as operating expenditures.
Capital Expenditure CapEx
The term CapEx signifies the amount of money that an organization uses to buy assets or generate its own long-term investments. CapEx is typically an investment, either directly or indirectly, in safety, efficiency, or competitiveness over the long term for any company. Unlike operating expenses (Opex), it is associated with capitalizing fixed or long-term assets. Capital expenditure, or CapEx, is the money that a company spends to acquire, maintain, or improve its long-term assets. These assets are typically fixed assets, such as buildings, land, equipment, or vehicles. Capex vs Opex CapEx is different from operating expenses, which are expensed immediately through the income statement. CapEx is capitalized and held on the balance sheet because it’s considered an investment in the company’s future operations.Â
Sovereign Gold Bonds
Sovereign Gold Bond Scheme Other Important points regarding SGB Advantages and Disadvantages of Investing in SGB Gold Reserves and Imports India’s Gold Imports
1. AgriStack Initiative
Context: As part of the AgriStack initiative, for rolling out digital farm lending in Uttar Pradesh for its eight crore farmers, the state government is currently working with the International Finance Corporation for providing APIs of the state’s land records and farm boundaries to SatSure and a couple of other companies. Goal • The International Finance Corporation is working towards developing a roadmap for direct digital farm lending to the mixed eight crore farmers.• Land records and farm boundary APIs provide online lending processes. SatSure in Farm LendingSatSure is a space tech-based Bangalore company that uses satellite-based risk scoring to generate farm-as-well-as village-level reports.• Uses AI algorithms to analyze satellite imagery and identifying crop types.• Keeping track of changes in farm health and productivity for correlating with the climatic variables.• Provides loan backing for banking institutions to measure farmers’ income and repayment capacity. Partnerships• Reserve Bank of India Innovation Hub, credit rating agencies, and other top private banks. Other Satellite Technology Companies• Dhruva Space – AstraView: A commerci
AgriStack Initiative
AgriStack Initiative Be proposed by government of India towards digital databasing and collection of technologies enhancement in agriculture sector. Features About KCC
International Finance Corporation:
Founded in 1956, with headquarters situated in Washington, DC.Part of the World Bank Group.Mandate: Support economic development and improve the quality of life through private sector development in developing countries.Functions: It promotes development of the private sector in: Governing:The member countries own and govern the IFC. Shareholders of the corporation are its member governments, which provide paid-in capital and have a right to vote in its matters. The President of the World Bank Group is automatically the President of IFC.
