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Why in the news? SEBI and RBI are concerned about the rapid growth in Futures and Options (F&O) trading. The surge is impacting capital formation and posing systemic risks to India’s economic growth. F&O turnover at NSE and BSE increased from ₹2,189 lakh crore in May 2022 to ₹9,504 lakh crore in May 2024 (up …
Read MoreWhy in the news? The government is considering a ₹50,000 crore scheme to incentivize states for adopting agricultural reforms. The scheme aims to fund reforms in agriculture marketing, contract farming, and land leasing. The proposal revives an idea from the 15th Finance Commission’s 2020-21 report, which suggested performance-based incentives for states implementing agricultural reforms. Source:lotusarise …
Read MoreWhy in the news? Goans escaped forced labour in Cambodia, where they were exploited for cryptocurrency fraud. The Indian Embassy facilitated their rescue. A 26-year-old ran 2 km to the Indian Embassy after two months of forced labour; a 25-year-old faked illness to escape the same compound. Over 5,000 Indians were trapped in Cambodia, forced …
Read MoreWhy in the news? Bhil tribal community demands a separate state, “Bhil Pradesh,” carving out 49 districts from Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra. The demand was highlighted at a “maha sammelan” in Mangarh Dham, Rajasthan on July 18. Bharat Adivasi Party (BAP), formed by first-time MP R. K. Roat, champions this cause after its …
Read MoreWhy in the news? JSW Steel’s Jayant Acharya calls for curbing low-priced steel imports and revisiting ASEAN FTA to protect domestic manufacturers’ profitability. India imported 1.9 million tonnes of finished steel from April to June, a 28% increase year-on-year, causing domestic manufacturers to lower their prices. source:medium ASEAN–India Free Trade Area (AIFTA): Formation: Free trade …
Read MoreWhy in the news? Proposed by physicist Freeman Dyson, the Dyson sphere is a hypothetical structure designed to capture the entire energy output of a star. It consists of solar collectors arranged in a sphere around a star, designed to meet the energy needs of an advanced civilization. source:eduprep Freeman Dyson: Key Facts Background: British …
Read MoreSyllabus: GS 2: Welfare Schemes for Vulnerable Sections of the population. GS 3: Women and Employment. Why in the News? The 2024 Lok Sabha Elections highlighted issues like unemployment and inflation, emphasizing the need for targeted employment strategies, particularly for women. The India Employment Report (IER) 2024 further underscores the importance of addressing these challenges …
Read MoreSource: static.toiimg.com Relevance: GS 3 – Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development, and Employment. Focus The garment export sector in India, a significant contributor to employment and GDP, is experiencing a downturn. This analysis examines the factors contributing to the decline, the importance of the sector, the major markets, …
Read MoreSource: static.toiimg.com Relevance: GS 3 – Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development, and Employment. Focus The garment export sector in India, a significant contributor to employment and GDP, is experiencing a downturn. This analysis examines the factors contributing to the decline, the importance of the sector, the major markets, …
Read MoreRelevance: GS 3 – Issues relating to intellectual property rights Why in the news? In 2022, patents approved for non-resident Indians and entities accounted for 46%, one of the highest rates globally among major economies. Increased applications in chemicals, pharma, computer science, and IT sectors have driven domestic patent applications in FY24 to outpace foreign …
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