General Studies IIIEconomy

Open Network for Digital Commerce (ONDC)

Ministry of Commerce & Industry Context: The Union Minister of Commerce & Industry chaired a meeting for the review of the

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EconomyGeneral Studies III

Taxation Laws (Amendment) Bill 2021 (Retrospective tax policy)

Context: The Union government finally withdrew the Income-tax Act and Finance Act, 2012 by introducing an amendment bill. Background The

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General Studies IIIEconomy

Positive Pay System

Context: The banks have been informing their customers that the Positive pay system has been made compulsory for high value

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General Studies IIIEconomy

e-RUPI

Context: PM launches digital payment solution e-RUPI About: On 2 August 2021, the Prime Minister of launched a digital payment

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EconomyACTS AND AMENDMENTSGeneral Studies II

The General Insurance Business (Nationalisation) Amendment Bill 2021

Context: The Bill which was introduced in Lok Sabha recently would pave the way for the government to divest its stake

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General Studies IIIBankingEconomyRBI

Central Bank Digital Currency (CBDC)

Context: The Reserve Bank of India is likely to soon kick off pilot projects to assess the viability of using digital

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General Studies IIIBankingEconomy

Bad Bank

Context: Bad Bank launched for stressed assets as a measure to clean up bank books About Bad banks: A Bad

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General Studies IIIBankingEconomyRBI

RBI barred three foreign card payment network firms

Context: Recently, the Reserve Bank of India (RBI) has barred three foreign card payment network firms – Mastercard, American Express and Diners Club —

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General Studies IIIEconomyRBI

Monetary Policy Committee (MPC)

About Monetary Policy Committee (MPC): The Monetary Policy Committee (MPC) is a committee constituted by the Reserve Bank of India and led

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General Studies IIIEconomy

RBI Retail Direct scheme

Context: Recently, RBI has issued the Retail Direct scheme to bring investments from individual investors into government securities About: To

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