Mauritius Out Of Its Grey List: FATF The Financial Action Task Force (FATF) has moved Mauritius out of its grey list. Mauritius has strengthened the effectiveness of its anti-money laundering and terror financing process, and has addressed related technical deficiencies to meet the commitments in its action plan regarding the strategic deficiencies that the FATF […]
Category: Economics Current Affairs
SAKSHAM Centres
SAKSHAM Centres: As part of Azadi ka Amrit Mahotsav, a total of 152 Centre for Financial Literacy & Service Delivery (SAKSHAM Centres) across 77 districts of 13 states were launched. The centres were launched under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) of the Ministry of Rural Development. SAKSHAM Centres: Centre for Financial […]
Sovereign Gold Bond Scheme
Sovereign Gold Bond Scheme: The Central government announced the calendar for Sovereign Gold Bonds (SGB) that will be issued in four tranches, from October 2021 to March 2022. The SGB scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings – […]
G7 Digital Trade Principles
G7 Digital Trade Principles: The Group of Seven (G7) wealthy nations agreed on a joint set of principles to govern cross-border data use and digital trade. The deal is a first step in reducing trade barriers, and could lead to a common rulebook of digital trade. Earlier, India attended the 47th G7 Summit as a […]
Turkey On FATF Grey List
Turkey On FATF Grey List: The Financial Action Task Force (FATF) has added Turkey, along with Jordan and Mali, in its revised list of “jurisdictions under increased monitoring”, also known as the FATF grey list. There are now 23 countries in the list. If countries fail to prevent international money laundering and terrorist financing, then […]
UDAN Day: UDAN 4.0 Scheme
UDAN scheme: The Government of India has identified 21st October as UDAN Day, the day on which the scheme document was first released. The scheme is aimed at enhancing connectivity to remote and regional areas of the country and making air travel affordable. It is a key component of Centre’s National Civil Aviation Policy led […]
FATF Retains Pakistan On Grey List
FATF Retains Pakistan On Grey List: The Financial Action Task Force (FATF) retained Pakistan in the ‘greylist’ or ‘increased monitoring list’. The FATF also announced the ‘greylisting’ of Jordan, Mali and Turkey. Botswana and Mauritius had been taken out of the grey list. Pakistan is retained for failing to effectively implement the global FATF standards […]
Digi-Book – Innovations For You: NITI Aayog
Digi-Book – “Innovations For You”: NITI Aayog’s Atal Innovation Mission (AIM) has launched a Digi-Book – “Innovations for You” an attempt to showcase the success stories of Atal Innovation Mission’s Startups in different domains. These startups have worked to create new, disruptive and innovative products, services, and solutions that can pave a path for a […]
Global Food Security Index 2021
Global Food Security Index 2021: India is ranked at 71st position in the Global Food Security (GFS) Index 2021 of 113 countries. Earlier, India was ranked 101st position in the Global Hunger Index (GHI) 2021. The GFS Index was designed and constructed by London-based Economist Impact and is sponsored by Corteva Agriscience. The 2021 GFSI […]
Production Linked Incentive (PLI) Scheme For Telecom And Networking Products
Production Linked Incentive (PLI) Scheme For Telecom And Networking Products: Department of Telecommunications (DoT), Ministry of Communications launched Production Linked Incentive (PLI) Scheme for Telecom and Networking Products. PLI Scheme in telecom sector will help in reducing India’s dependence on other countries for import of telecom and networking products. The PLI Scheme is being launched […]
