The funding and demand for MGNREGA
Context
- The Economic Survey 2022-23 reported that 6.49 crore households demanded work under MGNREGA and of these, 6.48 crore households were offered employment and 5.7 crore availed it.
- The survey praised the scheme for having a positive impact on household income, agricultural productivity, and Production-related expenditure and for providing income diversification and resilience to rural livelihoods.
UPI Goes Global
Context
- Recently, The Unified Payments Interface (UPI) of India and PayNow of Singapore have been integrated to allow faster remittances between the two countries.
Monetary Policy Committee
Context
- The Reserve Bank of India’s Monetary Policy Committee increased the benchmark lending rate by 25 basis points to 6.5% due to concerns over high core inflation posing a risk to the country’s improving economic outlook.
Angel Tax
Context
- Recently, a senior government official said that the ‘angel tax’ provision in the Finance Bill will not impact start-ups in India.
Domestic share in defense acquisitions raised to 75%
Context
- Defense minister announced at Aero India 2023, Asia’s biggest military airshow, that India has earmarked 75% of this year’s defense capital procurement budget for buying weapons and systems from local manufacturers — a move aimed at unlocking new opportunities for achieving self-reliance targets and ramping up the country’s defense exports.
White Label ATM
Context
- Recently, The Reserve Bank of India has granted an extension to Vakrangee for the validity of its authorization to establish, possess, and manage White Label ATMs in India.
Primary Agricultural Credit Societies
Context
- Recently, Govt approves Rs 2,516 cr for computerisation of 63,000 Primary Agriculture Credit Societies
Global Investors Summit
Context
- PM Modi Inaugurated Global Investors Summit 2023 in Lucknow.
Securities and Exchange Board of India
Context
- Recently, SC has called for SEBI response over Adani stock fall.
Punjab’s shrimp farming push: Why, and what are the farmers’ demands?
Context
- Punjab is set to see its first state-level ‘shrimp mela’ (shrimp fair). While shrimp farming began in the state in 2016-17, the mela is a state government push to create more awareness about it.
International Intellectual Property Index
Context
- India ranks 42nd among 55 leading global economies on the International IP Index released by the U.S. Chambers of Commerce
