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

  • Jul 6, 2018
  • 1 Swarna Bharat Yojana Gold Monetization Schemes: GMS, SGS and IGC [ Economy, Govt. Schemes/Projects ]

    PM launched Swarna Bharat Yojana (SBY) on 5th November 2015. This Yojana covers 3 gold related schemes: Gold Monetization Scheme (GMS), Sovereign Gold Bond Scheme (SGS) & Indian Gold Coins (IGC).

    Image of 3 Gold Schemes

    Image of 3 Gold Schemes

    Image of 3 Gold Schemes

    • Primary purpose of SBY is to re

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  • Jul 5, 2018
  • 1 What is NAA? Functions of National Anti-Profiteering Authority (NAA) [ Policy/Governance, Economy ]

    To keep check on benefits of tax reduction after GST & that should be passed to ultimate beneficiaries, govt. decided to set up National Anti-profiteering Authority (NAA) under new indirect tax regime.

    Image of Application By Consumer

    Image of Application By Consumer

    Image of Application By Consumer

    NAA is

    … (449 more words) …

  • 2 PRASHAD and Swadesh Darshan Development of Tourism Infrastructure in the Country [ Economy, Culture ]

    Taking leaf from vibrant night markets in Asia that gives tourists close-up look of life there, GoI contemplating slew of measures providing gamut of experience to draw in travellers.

    Image of Goals of Tourism Development

    Image of Goals of Tourism Development

    Image of Goals of Tourism Development

    Activities in

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  • Jul 2, 2018
  • 1 Closure of Loss Making Burn Standard Company Limited - a Central Public Sector Enterprise (CPSE) [ Economy ]

    Closure of Burn Standard Company Ltd. (BSCL) was approved on 4th April 2018. It is a Central Public Sector Enterprise (CPSE) under Ministry of Railways. Outstanding loan of Rs. 35 cr. was given to company.

    Image of Public Sector

    Image of Public Sector

    Image of Public Sector

    • Decision was taken on a

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  • Jun 30, 2018
  • 1 Optimizing Locomotive Scheduling & Deployment: Around Rs. 720 Crore to Be Saved by Indian Railways [ Policy/Governance, Economy ]

    The Indian Railways has turned to technology to modernize processes. In an effort to increase the productivity of locomotives, and streamline operations, the Indian Railways is all set to use mathematical formulas to calculate the number of locomotives required for each train.

    Image of Indian Railways Vision 2020

    Image of Indian Railways Vision 2020

    Image of Indian Railways Vision 2020

    … (391 more words) …

  • 2 Global Payments Message Service SWIFT Expands Tracker Facility [ Economy ]

    Secure financial messaging services provider SWIFT said that it has expanded the GPI Tracker system to help banks track their global transactions at all times, keeping full vigil on the payments activity. Extension of its GPI Tracker to cover all payment instructions sent across

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  • Jun 28, 2018
  • 1 One Time Settlement of NPAs [ Economy ]

    As per instructions of Reserve Bank of India (RBI), banks are required to have a loan recover policy, which may cover, inter alia, negotiated settlements of NPAs. In accordance with above directions banks have filed applications in respect of these accounts before the National Co

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  • Jun 27, 2018
  • 1 CCEA Approves Continuation of Credit Guarantee Fund Scheme for Education Loans [ Economy, Govt. Schemes/Projects ]

    The Cabinet Committee on Economic Affairs (CCEA) approved continuation of the Credit Guarantee Fund Scheme for Education Loans. The approval would provide education loans to 10 lakh students during the above said period.

    Image of Expenses Covered By Education Loans

    Image of Expenses Covered By Education Loans

    Image of Expenses Covered By Education Loans

    … (305 more words) …

  • Jun 26, 2018
  • 1 Biggest Solar Power Plant in Uttar Pradesh [ Economy, Environment/Ecology, Govt. Schemes/Projects ]

    Biggest Solar Power Plant has been set up in Uttar Pradesh through transparent auction under the Solar Park scheme of New and Renewable Energy Ministry. Viability Gap Funding (VGF) of Rs. 74.25 lakh per MW was provided by the Government of India for the project.

    Map of solar power plant in uttar pradesh

    Map of Solar Power Plant in Uttar Pradesh

    Map of solar power plant in uttar pradesh

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  • 2 Tea Board: India’S Tea Exports Have Touched a Record High in 36 Years [ Economy ]

    India’s Tea Exports Have Touched a Record High in 36 years at 240.7 million kilograms during calendar 2017, Tea Board data said. The previous record was in 1981 when exports had reached 241.25 million kilograms.

    Image of Record Indian Tea Export In 36 Years

    Image of Record Indian Tea Export In 36 Years

    Image of Record Indian Tea Export In 36 Years

    … (344 more words) …

  • Jun 25, 2018
  • 1 Insolvency & Bankruptcy Board of India & RBI Ink an MoU for Effective Implementation [ Economy, Bills ]

    The Insolvency and Bankruptcy Board of India (IBBI) signed Memorandum of Understanding (MoU) with Reserve Bank of India (RBI) for increased cooperation in effective implementation of insolvency law. The MoU was singed at time when authorities are working on ways to address huge a

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  • 2 Government Issues Clarification on Gold Imports Scheme [ Economy, Govt. Schemes/Projects ]

    Government of India had clarified that abolition of 80: 20 scheme eliminated undue advantage to Premier Trading Houses (PTHs) / and Star Trading Houses (STHs) and import of gold was also reduced.

    Image of Bridging Trade Deficit Gap

    Image of Bridging Trade Deficit Gap

    Image of Bridging Trade Deficit Gap

    80: 20

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  • Jun 22, 2018
  • 1 IREDA, EIB Ink 150mn-Euro Loan Agreement for Renewable Energy [ Economy, International Relations/Organizations, Environment/Ecology ]

    Indian Renewable Energy Development Agency (IREDA) and European Investment Bank (EIB) inked a 150 million euros loan agreement, a move that will benefit over 1.1 million households with clean energy.

    IREDA, EIB Ink 150mn-Euro Loan Agreement for Renewable Energy

    IREDA, EIB Ink 150mn-Euro Loan Agreement for Renewable Energy

    IREDA, EIB Ink 150mn-Euro Loan Agreement for Renewable Energy

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  • 2 Basel III Capital Regulations: What are Basel I and Basel II Regulations? [ Economy ]

    Reserve Bank of India (RBI) has implemented ‘Basel III capital regulations’ in India in phases, targeting full implementation by March 31, 2019. Norms/guidelines regarding capital required to be maintained by banks in India including the Basel III capital regulations, are issued

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  • Jun 21, 2018
  • 1 🌟 Amendments to the Insolvency & Bankruptcy Board of India Regulations, 2016 (Important) [ Economy, Bills ]

    Insolvency & Bankruptcy Board of India (IBBI) has evolved transparent & consultative process for making regulations. IBBI effectively engages stakeholders in regulation making process to factor in ground reality, secure ownership of regulations & make regulations robust & precise

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  • Jun 18, 2018
  • 1 EPFO Launches New Facilities for UAN- Aadhaar Linking [ Policy/Governance, Economy ]

    The Employees’ Provident Fund Organisation introduced a UAN-Aadhaar linking facility for members using EPFO Link in the UMANG mobile app. In addition to the existing web facility already available at EPFO’s website- it will provide convenience to UMANG Mobile App users.

    Image of Bank Account - Aadhaar Card Link

    Image of Bank Account - Aadhaar Card Link

    Image of Bank Account - Aadhaar Card Link

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  • Jun 15, 2018
  • 1 JNPT Rolls Out Direct Port Delivery Transport Solution [ Economy ]

    Jawaharlal Nehru Port Trust (JNPT) is working on innovative transport solution to ensure seamless & faster cargo movement thru Direct Port Delivery (DPD). This will benefit 1600 importers.

    Chart of Cargo traffic at major ports (MMT)

    Chart of Cargo Traffic at Major Ports (MMT)

    Chart of Cargo traffic at major ports (MMT)

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  • Jun 10, 2018
  • 1 Expected Most Important Topics for UPSC - 2018 (Part - 24) [ Policy/Governance, Economy, Govt. Schemes/Projects, Bills ]

    FoSCoRIS – FSSAI launches online platform: To bring in transparency in food safety inspection and sampling, food regulator Food Safety and Standards Authority of India (FSSAI) has put in place a nationwide online platform called ‘FoSCoRIS’.

    • It has asked states to adopt this syst

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  • 2 Expected Most Important Topics for UPSC - 2018 (Part - 22) [ Policy/Governance, Economy, Govt. Schemes/Projects ]

    Youth Parliament Scheme: Shri S. S. Ahluwalia distributes Prizes for the: 29th National Youth Parliament Competition, 2016 - 2017 for Kendriya Vidyalayas, 51st Youth Parliament Competition, 2016 - 17 for Delhi Schools.

    • Aims: At inculcating among younger generations the spirit o

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  • Jun 8, 2018
  • 1 National Clean Energy Fund (NCEF) from NRDWP & Ministry of Finance to Help with Potable Water [ Economy, Govt. Schemes/Projects ]

    There are 365050 ST dominated habitations in country, out of that 301858 (82.69%) habitations are covered w/provision of safe drinking water supply & 53090 (14.54%) are partially covered.

    Image of Water Worries

    Image of Water Worries

    Image of Water Worries

    • Affected States with poor drinking water co

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  • 2 Linking of SWIFT to the Core Banking System [ Economy, Committees/Govt. Bodies ]

    In Budget Speech 2018 - 19, Steering Committee on Fintech related issues was constituted to consider various issues relating to development of Fintech space in India. Terms of the Committee: Develop Fintech space to make Fintech related regulations more flexible

    Image of Multiple bank channels

    Image of Multiple Bank Channels

    Image of Multiple bank channels

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  • Jun 5, 2018
  • 1 🌟 Rashtriya Rail Sanraksha Kosh (RRSK) (Important) [ Policy/Governance, Economy, Railways ]

    Ministry of Railway asks Finance Ministry to contribute its share towards Rashtriya Rail Sanraksha Kosh (RRSK). RRSK was created in 2017 - 18. Indian railways have utilized a quarter of the safety fund.

    Image of Rashtriya Rail Sanraksha Kosh Funding

    Image of Rashtriya Rail Sanraksha Kosh Funding

    Image of Rashtriya Rail Sanraksha Kosh Funding

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  • 2 Rajasthan’S 1st Mega Food Park in Ajmer [ Policy/Governance, Economy, Agriculture/Agro Industries ]

    1st Greentech Mega Food Park will be inaugurated at Roopangarh village in Ajmer, Rajasthan. Park is being set up at coast of Rs. 113.57 cr. & will benefit around 25, 000 farmers in Ajmer.

    Map of Roopangarh village in Ajmer

    Map of Roopangarh Village in Ajmer

    Map of Roopangarh village in Ajmer

    • Food Park is set

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  • 3 Promotion of Digital Transactions in Railways [ Economy, Railways ]

    Indian Railway Catering & Tourism Corporation (IRCTC) is subsidiary of Indian Railways. It handles catering, tourism & online ticketing operations of Indian Railways. Indian Railways have tied up w/SBI to install 10, 000 Points of Sale (POS) machines at diff. locations i. e. Pass

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  • Jun 4, 2018
  • 1 🌟 Digital Initiative for Ease of Export- What is Export Inspection Council? (Important) [ Policy/Governance, Economy ]

    Union Commerce & Industry & Civil Aviation launched Digital Initiative of Export Inspection Council (EIC) for ease export. EIC is official export certification body of GoI. It has launched major project of Digital India initiative in line w/changing dimensions of world.

    Image of Global Export Process

    Image of Global Export Process

    Image of Global Export Process

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  • 2 🌟 Tripartite MoU for Rooppur Nuclear Plant (Important) [ Economy, International Relations/Organizations ]

    MoU was signed at Moscow, Russia b/w State Atomic Energy Corporation ‘Rosatom’, & Department of Atomic Energy on 1st March, 2018 in implementation of Rooppur Nuclear Power Project in Bangladesh.

    Image of rooppur nuclear power plant

    Image of Rooppur Nuclear Power Plant

    Image of rooppur nuclear power plant

    • MoU is

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  • Jun 1, 2018
  • 1 🌟 What are the Norms for National Pension Scheme? (Important) [ Policy/Governance, Economy ]

    National Pension Scheme is contributory pension system. NPS is mandatory for all Central Govt. employees. GoI has currently made 3 changes in NPS including withdrawal norms. The Pension Fund Regulatory Development Authority (PFRDA) relaxed the norms for partial withdrawal under t

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  • 2 🌟 What is E-Way Bill and Clarity on Movement from SEZ/FTWZ? (Important) [ Policy/Governance, Economy ]

    e-Way Bill is electronic way bill for movement of goods which can be generated on e-Way Bill Portal. It is electronically generated for the specific consignment of goods from one place to another. CGST Rules have been amended on Central Tax with effect from March 2018.

     Image of E-Way Bil

    Image of E-Way Bil

    Image of E-Way Bil

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  • 3 Cool EMS Service B/W India & Japan [ Policy/Governance, Economy, International Relations/Organizations ]

    Cool EMS Service is one-way service from Japan to India. This service allows customers in India to import Japanese food items for personal use allowed under Indian regulations. Food items will be post in special cool boxes containing refrigerant to preserve quality of food items.

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  • 4 Inauguration of Uttarakhand’S Second Mega Food Park [ Economy, Agriculture/Agro Industries ]

    The Food Park is being set up in Uttarakhand at cost of Rs. 99.96 cr. & it gives benefit nearly 25, 000 farmers. Himalayan Mega Food Park Pvt. Ltd. is being set up in 50.14 acres area. Park would have facilities for primary processing & storage near farms.

    Image of IInd Mega Food Park

    Image of IInd Mega Food Park

    Image of IInd Mega Food Park

    … (256 more words) …

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