PM-WANI: A Potential Game-Changer for India’s Digital Public Infrastructure Understanding PM-WANI PM-WANI Ecosystem Benefits and Challenges of PM-WANI Challenges of PM-WANI PM-WANI as a Game-Changer for India’s Digital Public Infrastructure Digital Public Infrastructure (DPI) Overview
Intellectual Property Rights (IPR)
Definition and Objectives of IPR Types of IPR International Conventions and Laws Governing IPR in India India’s Performance in WIPO 2024 Intellectual Property Report Government Initiatives
The Central Board of Trustees (CBT)
The Central Board of Trustees (CBT) The Central Board of Trustees (CBT) is a statutory body that administers the Employees’ Provident Fund Organisation (EPFO). The board is consist of representatives from the government, employers, and employees. The CBT is established by the Central Government under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. The board’s term is five years. The CBT’s members include: The Employment Linked Incentive (ELI) scheme is a part of the Union Budget 2024-25 aiming to create jobs and improve livelihoods in India. The scheme has three major components: The ELI scheme also includes an internship program to skill 1 crore youth over five years. The program will provide a stipend of Rs 5,000 per month and a one-time assistance of Rs 6,000 to interns. The ELI scheme is intended to: Ministry: The Ministry of Labour and Employment
PAN 2.0 Project
Indian Government Approves ₹1,435-crore Project for PAN 2.0 PAN 2.0 Project Benefits Conclusion PAN 2.0 project marks a transformative step toward modernizing India’s taxpayer registration system, enhancing efficiency, security, and user experience. By introducing features like faster processing times, a unified database, paperless procedures, and upgraded PAN cards with QR codes, the initiative ensures streamlined services for taxpayers while promoting sustainability. The emphasis on personal data protection further bolsters trust in the system, safeguarding critical information. With its focus on cost and infrastructure optimization, PAN 2.0 not only simplifies compliance for individuals and businesses but also strengthens the nation’s digital governance framework.
Fiscal Deficit
Fiscal deficit refers to the gap between a government’s total expenditure and its total revenue (excluding borrowings). It represents the borrowing needs of the government to cover expenses. Formula Fiscal Deficit = Total Expenditure – Total Receipts (excluding borrowings) Fiscal Deficit vs. Fiscal Surplus Fiscal Deficit Targets in India National Debt & Debt-to-GDP Ratio National debt is the total amount a government owes to its lenders at a specific time. Key Formula: Debt-to-GDP Ratio = Total Debt / Total GDP How Does India Fund Its Fiscal Deficit? Borrowing from Bond Markets Monetary Policy & Interest Rates Impact of Fiscal Deficit Conclusion Fiscal deficit is a critical economic indicator influencing inflation, interest rates, and national debt. While borrowing is essential for growth, maintaining fiscal discipline is crucial for economic stability.
‘Socialist’ and ‘secular’ to stay in Preamble, rules Supreme
 Supreme Court Upholds ‘Socialist, secular’ Inclusion in Indian Constitution Preamble Background: Secularism: Socialism: Types of Socialism: Type Followed in India: Constitutional Provisions: Constitutional Amendments:
Current Affairs 26 November, 2024
Daily Current Affairs 26 November, 2024 National Affairs 1. PRESIDENT OF INDIA GRACES COMMEMORATION OF 75 YEARS OF ADOPTION OF THE CONSTITUTION President’s Speech on 75th Independence Day The President highlighted that 75 years ago, in the Central Hall of the ‘Samvidhan Sadan,’ the Constituent Assembly adopted the Constitution, which serves as the foundation of India’s democratic republic and safeguards collective and individual dignity. “Samvidhan Sadan Parliament House” Important Days in November 2024 November 1, 2024 International Day to End Impunity for Crimes Against Journalists 2024 November 1, 2024 National Unity Day 2024 November 5, 2024 World Tsunami Awareness Day November 6, 2024 International Day for Preventing the Exploitation of the Environment in War and Armed Conflict November 7, 2024 National Cancer Awareness Day November 8, 2024 World Radiography Day November 9, 2024 National Legal Services Day November 9, 2024 World Adoption Day November 10, 2024 World Science Day for Peace and Development November 10, 2024 World Immunization Day November 11-15, 2024 World Quality Week November 11, 2024 National Education Day November 12, 2024 World Pneumonia Day November 13, 2024 World Kindness Day November 14, 2024 Children’s Day November 14, 2024 Jawaharlal Nehru Jayanti November 14, 2024 World Usability Day November 14, 2024 World Diabetes Day November 15, 2024 Guru Nanak Dev’s Birth Anniversary November 15, 2024 Jharkhand Foundation Day November 15, 2024 Birsa Munda Jayanti November 16, 2024 International Day for Tolerance November 16, 2024 National Press Day November 16, 2024 International Day for Tolerance November 17, 2024 World Day of Remembrance for Road Traffic Victims 18-24 November World Antimicrobial Resistance Awareness Week November 18, 2024 World Day for the Prevention of and Healing from Child Sexual Exploitation, Abuse, and Violence November 19, 2024 International Men’s Day November 19, 2024 National Integration Day 2024 November 20, 2024 Universal Children’s Day November 21, 2024 World Television Day November 21, 2024 World Fisheries Day 2024 November 21, 2024 National Philosophy Day November 23, 2024 Fibonacci Day November 23, 2024 National Espresso Day November 23, 2024 National Cashew Day November 24, 2024 Lachit Diwas November 24, 2024 Shaheed Diwas of Guru Tegh Bahadur Ji November 25, 2024 International Day for the Elimination of Violence Against Women November 26, 2024 National Milk Day November 26, 2024 Constitution Day of India November 28, 2024 Red Planet Day November 28, 2024 Thanksgiving Day November 29, 2024 International Day of Solidarity with Palestine People November 29, 2024 International Jaguar Day November 29, 2024 Black Friday November 30, 2024 Saint Andrew’s Day 2. PAN cards with QR code planned under PAN 2.0 project Indian Government Approves â‚ą1,435-crore Project for PAN 2.0 PAN 2.0 Project Read more… 3. Cyclone Fengal Cyclone Forecast for the East Equatorial Indian Ocean and Southeast Bay of Bengal 4. ‘Socialist’ and ‘secular’ to stay in Preamble, rules Supreme Supreme Court Upholds ‘Socialist, secular’ Inclusion in Indian Constitution Preamble Read More… Science and Tech 1. Why satellite space junk may be bad news for the environment Satellite Pollution Concerns Impact of Satellite Pollution on Earth’s Atmosphere Agriculture 1. India to Go Natural for Farming. Cost: â‚ą2.5kcr National Mission on Natural Farming Announced in India Natural Farming Significance of Natural Farming includes: Banking/ Finance 1. Rural job scheme may get same funds in FY26 amid revival signs Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) Funding Uncertainty Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA) Overview 2. MoF Outlook Cautiously Optimistic Amid Clouded Global Background India’s Economic Outlook: Cautiously Optimistic Retail Inflation Wholesale Price Index (WPI) 3. PMJDY Successful in Increasing Bank Penetration, Financial Inclusion Finance Minister Nirmala Sitharaman’s PMJDY Success PMJDY Financial Inclusion Program Read More… 4. Consolidation of RRBs on Track Finance Minister Pankaj Chaudhary’s FY24 Report Non-Performing Assets (NPAs) 5. Mahila Samman Scheme Draws 4.3 m Depositors “India’s New Small Savings Scheme for Women Draws 4.33 Million Depositors” Mahila Samman Savings Certificate (MSSC) Scheme 6. Over 98% of â‚ą2,000 Notes Back with RBI “Majority of â‚ą2,000 Notes Return from Circulation”
Pradhan Mantri Jan-Dhan Yojana (PMJDY): Tenth Year and Achievements
Date of launch 28th August 2014 Government Ministry Ministry of Finance Account Expansion: Expansion of Banking Infrastructure: Rural-Urban Parity: Boost in Digital Payments: Direct Benefit Transfer (DBT): Overdraft (OD) Accounts: Low Zero Balance Accounts: Praised by the World Bank: What is PMJDY? PMJDY Account Features and Challenges Features: Challenges: Way Forward:
Current Affairs 24 & 25 November, 2024
Daily Current Affairs 24 & 25 November, 2024 National Affairs 1. Prime Minister Shri Narendra Modi inaugurates Global Cooperative Conference 2024 at Bharat Mandapam in New Delhi ‘Sahkar se Samriddhi’ Scheme: Strengthening Cooperative Societies for Prosperity 2. Increase in Tiger Population The All India Tiger Estimation in 2022 revealed a 6% annual increase in the tiger population in India, with an estimated 3682 tigers, compared to 2018 and 2014 estimates of 2967 and 2226 respectively, indicating a significant population growth. India’s Tiger Population and Conservation 3. YOUTH UNEMPLOYMENT RATES IN INDIA Lower Than Global Levels India Employment Report, 2024 by IHD – ILO India’s Employment Generation Schemes Prime Minister’s Employment Generation Programme (PMEGP) Extension for FY26 MGNREGA: A Global Work Guarantee Program 4. PM Modi Highlights Lothal’s Maritime Heritage Complex in Mann Ki Baat Prime Minister Narendra Modi Highlights Lothal’s Importance in India’s Maritime History Union Cabinet Approves NMHC Development at Lothal, Gujarat Lothal History Banking/Finance 1. Bank of India plans to raise Rs 5,000 crore via 10-year infra bonds Bank of India to Issue Rs 5,000 Cr via 10-Year Infrastructure Bonds Infrastructure Bonds Overview 2. RBI seeks info on NBFCs’ supply-chain financing RBI Requests Details on NBFCs’ Supply-Chain Financing Non-Banking Financial Institutions’ Supply Chain Finance (SCF) 3. Govt may not Sharply Hike FY26 Capex Outlay to Keep Fiscal Deficit in Check Government Considers Increase in FY26 Capital Spending Fiscal Deficit and Fiscal Surplus 4. PAN Revamp, â‚ą7,900-cr Rail Push & Hydro Boost Okayed Cabinet Committee approves PAN system overhaul and investment in hydro power and railway projects. Other Projects 5. India Inc’s Interest Coverage Ratio Drops India Inc’s Interest Coverage Ratio Drops Interest Coverage Ratio Importance
World Bank calls for reforming skills training in India
1. World Bank calls for reforming skills training in India World Bank PMKVY-AIET Program Atmanirbhar Bharat Rojgar Yojana (ABRY) Mahatma Gandhi National Rural Employment Guarantee Act, 2005
