Economics: Point-Wise Current-Affairs/GS Articles 2019 (Including PIB)- Download PDF

  • Aug 27, 2018
  • 1 🌟 “Methanol Economy” NITI Aayog Working on Road Map on World Environment Day, 2018 (Important) [ Economy, Environment/Ecology ]

    NITI Aayog is working on roadmap for full-scale implementation of methanol economy in country in near future, which would curb pollution, & reduce India’s dependence on oil imports as well.

    Image of Methanol Economy

    Image of Methanol Economy

    Image of Methanol Economy

    Uses and Advantages of Methanol

    … (579 more words) …

  • Aug 21, 2018
  • 1 🌟 Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 (Important) [ Economy, Bills ]

    President promulgated Insolvency & Bankruptcy Code (Amendment) Ordinance, 2018 providing significant relief to home buyers by recognising them as financial creditors. Micro Small & Medium Enterprises (MSMEs) will now be exempted from all conditions. As per Section 29 of IBC Act,

    … (564 more words) …

  • Aug 19, 2018
  • 1 US Supreme Court to Hear Dispute Over Power Plant in Gujarat [ Economy ]

    US Supreme Court agreed to take up appeal by Indian villagers against power plant in Gujarat near port city of Mundra in Gujarat, funded by US-based international finance institution, which has allegedly resulted in environmental damages.

    Map of Mudra Power Plant

    Map of Mudra Power Plant

    Map of Mudra Power Plant

    … (298 more words) …

  • Aug 17, 2018
  • 1 New Benami Transactions Informants Reward Scheme, 2018 by the Income Tax Department [ Economy, Govt. Schemes/Projects ]

    Income Tax Department has launched New Benami Transactions Informants Reward Scheme, 2018 w/objective to enhance people’s participation in IT Department’s efforts to unearth black money & to reduce tax evasion.

    Image of Ministry of Finance

    Image of Ministry of Finance

    Image of Ministry of Finance

    Key Fa

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  • 2 Income Tax Department Issues Revised Income Tax Informants Reward Scheme, 2018 [ Policy/Governance, Economy ]

    Income Tax Department has released revised Income-tax Inquiry Scheme, 2018, on 1st June 2018. Under revised scheme, in respect of tax evasion of income & assets in India, in IT Department, specified officers of Directorate of Investigation can get prize money of Rs. 50 lakhs give

    … (333 more words) …

  • Aug 16, 2018
  • 1 MPEDA: 4th Phase of Aquatic Quarantine Facility [ Economy, Govt. Schemes/Projects ]

    Fully air-conditioned & sterile quarantine cubicles are used by scientists & technicians to closely monitor Pacific White Leg Shrimp (L. vannamei) at Aquatic Quarantine Facility (AQF) at Neelankarai in Chennai.

    Map of Neelankarai in Chennai

    Map of Neelankarai in Chennai

    Map of Neelankarai in Chennai

    • Quar

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  • 2 World Bank Approves Rs. 6,000 Crore Atal Bhujal Yojana [ Policy/Governance, Economy, Environment/Ecology ]

    World Bank has approved Water Resources & River Development Ministry’s Rs. 6000 cr. worth central sector scheme, ‘Atal Bhujal Yojana’. Scheme will be implemented over period of 5 years from 2018 - 19 to 2022 - 23 w/assistance from World Bank.

    Image of Atal Bhujal Yojana

    Image of Atal Bhujal Yojana

    Image of Atal Bhujal Yojana

    … (810 more words) …

  • Aug 15, 2018
  • 1 Banking Structure in India [ Economy ]

    Banking structure in India starts with RBI. As of now 26 public sector banks in India out of which 21 are Nationalised banks and 5 are State Bank of India and its associate banks.

    Image of Reserve Bank of India

    Image of Reserve Bank of India

    Image of Reserve Bank of India

    Reserve Bank of India (RBI)

    RBI

    … (671 more words) …

  • Aug 13, 2018
  • 1 Global Entrepreneurship Monitor (GEM): Business Discontinuation Rate in India [ Economy, Country/State Ranks/Indices ]

    Recent survey report on situation of entrepreneurship & business in India has put question mark on ground-level impact of ambitious Start-up India initiative. Survey found that, 11 % of adult population in India is engaged in “early-stage entrepreneurial activities”, & only 5 % o

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  • Aug 8, 2018
  • 1 IBBI Liquidation Process Amendment: IBBI Amendments: Insolvency Resolutions Get a Boost [ Economy, Bills ]

    The Insolvency and Bankruptcy Board of India has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2018 to fix a time frame for identifying resolution applicants.

    Image of IBBI Liquidation Process Amendment

    Image of IBBI Liquidation Process Amendment

    Image of IBBI Liquidation Process Amendment

    … (365 more words) …

  • Aug 7, 2018
  • 1 Government Launches ‘E-Tribes: Tribes India’ [ Economy, Govt. Schemes/Projects ]

    The Tribal Cooperative Marketing Development Federation of India, (TRIFED) launched ‘e-Tribes: Tribes India, ’ an initiative for digital commerce at Tribes India outlet. Tribes India banner on Snapdeal, Amazon, Paytm and GeM for the marketing of tribal products through these e-co

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  • Aug 3, 2018
  • 1 SBI, IMGC Sign MOU to Offer Mortgage Guarantee Scheme [ Economy ]

    State Bank of India (SBI) and India Mortgage Guarantee Corporation (IMGC) sign a pact to offer mortgage guarantee scheme for prospective non-salaried and self-employed home loan customers.

    Image of Concept & Types of Mortgage

    Image of Concept & Types of Mortgage

    Image of Concept & Types of Mortgage

    How Will t

    … (276 more words) …

  • 2 Petro- U.S. Bans Use of Venezuela’S Cryptocurrency [ Economy ]

    US President signed an executive order banning the use of Venezuela’s new crypto-currency, Petro. The executive order that took effect immediately, declared illegal all US transactions related to Venezuelan digital currencies, coins or tokens.

    Image of The Explosion In Cryptocurrencies

    Image of The Explosion In Cryptocurrencies

    Image of The Explosion In Cryptocurrencies

    … (282 more words) …

  • Jul 31, 2018
  • 1 Foreign Tourist Arrivals (FTAs) in India for Medical Purpose [ Economy, International Relations/Organizations, Health ]

    The number of Foreign Tourist Arrivals (FTAs) in India for medical purpose during 2016 were 4, 27, 014. The share of foreign tourists arriving for medical purpose was 4.85 % in the year 2016.

    Image of No. Foreign Tourist Arrivals In India on Medical Visa

    Image of No. Foreign Tourist Arrivals In India on Medical Visa

    Image of No. Foreign Tourist Arrivals In India on Medical Visa

    … (327 more words) …

  • 2 Recommendations on E-Way Bill Made During Meeting of the GST Council [ Economy ]

    The 26th GST Council meeting failed to come up with any conclusive simplification process after deliberating on two models and has now postponed the decision for next Council meeting, but E-way bill to be implemented from April 1.

     Image of E-Way Bill

    Image of E-Way Bill

    Image of E-Way Bill

    • Fo

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  • Jul 23, 2018
  • 1 What are Letter of Credits and Letter of Undertaking? RBI Scraps Bank LoUs (Important) [ Policy/Governance, Economy ]

    The Reserve Bank of India (RBI) has scrapped quasi bank guarantee instruments such as the Letter of Undertaking (LoUs) and Letter of Comfort (LoCs). The move is an attempt to plug a loophole and improve banks’ due diligence in trade credit.

    Image of End of LoU Story

    Image of End of LoU Story

    Image of End of LoU Story

    … (882 more words) …

  • 2 2017 - Fugitive Economic Offenders Bill [ Economy, Bills ]

    The Union Cabinet approved the Fugitive Economic Offenders Bill, 2017 that seeks to protect the interest of lenders left high and dry by absconding corporate defaulters. Once voted into law, the new legislation will empower investigating agencies to confiscate, and vest with them

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  • Jul 20, 2018
  • 1 Railways Opt for Reverse Auction Bidding [ Economy, Railways ]

    Indian Railways to implement an electronic reverse auction process for high-value items from 1 April, a first-of-its-kind initiative for the national transporter. Indian Railways aim to save Rs. 10, 000 crore a year by increasing competition and reducing expenditure on procuremen

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  • Jul 19, 2018
  • 1 Indian Cities 149% More Congested Than Asian Counterparts [ Economy ]

    Indian cites are 149 % more congested than other Asian cities, Uber commissioned BCG report said on Wednesday. Also according to Boston Consulting Group (BCG) survey, up to 89 % of people plan to buy new car in next 5 years.

    Image Indian cities 149% More Congested than Asian Counterparts

    Image Indian Cities 149 % More Congested Than Asian Counterparts

    Image Indian cities 149 % More Congested than Asian Counterparts

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  • Jul 17, 2018
  • 1 🌟 Friends of Coconut Tree Program: India Makes Unprecedented Progress in Coconut (Important) [ Economy, Agriculture/Agro Industries ]

    India brought 13, 117 hectare (ha) under new coconut plantation b/w mid-2014 & 2018, vis-a-vis 9, 561 ha b/w 2010 & 2014. Productivity increased to 11, 516 fruits per ha in 2017 - 18 vis-a-vis 10, 122 in 2013 - 14.

    Image of 19<sup>th</sup> World Coconut Day

    Image of 19th World Coconut Day

    Image of 19th World Coconut Day

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  • Jul 13, 2018
  • 1 New Greenfield Noida International Airport at Jewar [ Policy/Governance, Economy ]

    Project Monitoring & Implementation Committee (PMIC) to expedite implementation of New Greenfield Noida International Airport at Jewar. NABH is initiative for building airport capacity.

    Map of New Greenfield Noida International Airport at Jewar

    Map of New Greenfield Noida International Airport at Jewar

    Map of New Greenfield Noida International Airport at Jewar

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  • 2 Multi Modal Logistic Park at Balli [ Economy, Railways ]

    Konkan Railway & Container Corporation, inaugurated Multi Modal Logistics Park at Balli Station near Madgaon in Goa, on Konkan Railway route on 28/03/2018. In addition to container traffic, commodities transported by both open & covered wagons can also be handled from here.

    Map of Location of Bali in goa

    Map of Location of Bali in Goa

    Map of Location of Bali in goa

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  • 3 Payment of Gratuity (Amendment) Act, 2018 [ Economy, Bills ]

    Payment of Gratuity (Amendment) Bill was passed by Lok Sabha on 15th March 2018 & by Rajya Sabha on 22nd March 2018. It was brought in force on 29th March 2018. Bill will ensure harmony amongst employees in pvt. sector & in Public Sector & in Public sector Undertaking/Autonomous

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  • Jul 11, 2018
  • 1 29th National Road Safety Week: HIS with South Korea [ Economy, International Relations/Organizations ]

    Transport ministry is working on 4E principles – Education, Enforcement, Engineering & Emergency – to improve road safety. Following are some important achievements. Ministry has set up Driving Training Centre (DTC) to provide training to those driving commercial vehicles & there

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  • 2 First Meeting of Think Tank on Framework for National Policy on E-Commerce [ Policy/Governance, Economy ]

    Minister of Commerce & Industry chaired 1st meeting of think tank to frame national policy on e-commerce on 24th April, 2018. Promote & diversify exports thru Plan schemes, policies & strategies.

    Image of Prabhu to chair ecommerce

    Image of Prabhu to Chair Ecommerce

    Image of Prabhu to chair ecommerce

    Objective

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  • Jul 10, 2018
  • 1 Tripling Gas Demand- Increasing Production and Consumption [ Economy ]

    GoI has taken several steps while meeting demand of natural gas & reduce dependence on imports in country to enhance domestic natural gas production thru some policy initiatives. As per British Petroleum (BP) Energy Outlook 2018, India’s natural gas consumption will rise & triple

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  • Jul 7, 2018
  • 1 Linkage Rationalization for Independent Power Producers (IPPs) [ Economy ]

    Union Ministry of Coal approved recommendations of Inter-Ministerial Task Force (IMTF) unfolding coal-linkage methodology for Independent Power Producers (IPPs) on 16th May 2018. Task force was constituted to undertake comprehensive review of existing coal sources of IPPs having

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  • Jul 6, 2018
  • 1 Investment Limit for Senior Citizens Doubled – Pradhan Mantri Vaya Vandana Yojana (PMVVY) [ Economy, Govt. Schemes/Projects ]

    CCEA has approved Doubling of Investment Limit for Senior Citizens from Rs. 7.5 lakh to Rs. 15 lakh under Pradhan Mantri Vaya Vandan Yojana (PMVVY). CCEA meeting on 2nd May 2018 was presided over by PM. Central govt. approves extension of time limit for subscription of PMVVY 2018

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  • 2 🌟 India Receives 1st Cargo of ADNOC Crude Oil for Mangalore Strategic Petroleum Reserve (Important) [ Policy/Governance, Economy ]

    India received first cargo of UAE crude oil for filling up one of two Strategic Petroleum Reserve (SPR) caverns built by Indian Strategic Petroleum Reserve Ltd (ISPRL) at Mangalore.

    Map of 1<sup>st</sup> and 2<sup>nd</sup> Crude Oil location

    Map of 1st and 2nd Crude Oil location

    Map of 1st and 2nd Crude Oil location

    Indian Strategic

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  • 3 Alternate for Asphalt:Government of India & World Bank Signs Agreement to Improve Rural Road Network [ Economy, International Relations/Organizations ]

    Union Govt. & state govt. of MP signed $210 million loan agreement w/World Bank for MP Rural Connectivity Project on 24th April 2018. Project will undertake resilience measures such as surface sealing of roads, embankment pitching, & balancing culverts to prevent damages caused b

    … (380 more words) …

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