On December 6, 2024, the RBI (Reserve Bank of India) reduced the Cash Reserve Ratio (CRR) by 50 basis points (bps), bringing it down to 4% from 4.5%. This decision aims to inject ₹1.16 lakh crore into the banking system, helping address liquidity concerns after significant foreign exchange interventions. What is CRR, and Why Does …
The Ministry of Women and Child Development has recently rolled out the SHe-Box portal, a dedicated online platform to strengthen the implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 (SH Act). This initiative is designed to simplify how complaints are filed and tracked while ensuring transparency and confidentiality. …
Customs scams in India have become a growing menace, exploiting unsuspecting individuals through both greed and fear. These scams often involve impersonators posing as Customs officials or courier representatives, making false claims to extort money from victims. The Scale of the Problem India’s National Crime Records Bureau reported 53,000 cybercrime cases in 2021, with 11,400 …
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a flagship initiative launched by the Government of India in February 2019. Designed to supplement the financial needs of land-holding farmers, it provides an annual financial benefit of ₹6,000 in three equal instalments. As one of the largest DBT schemes in the world, PM-KISAN reflects the government’s …
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY), India’s flagship health insurance scheme, ensures financial protection for millions of beneficiaries by providing cashless and paperless access to healthcare services. Efficient and timely claim settlement is a cornerstone of its success, enabling seamless delivery of services and fostering trust among beneficiaries and healthcare providers. Strengthening …
The Blue Revolution, spearheaded by the Ministry of Fisheries, Animal Husbandry, and Dairying, has profoundly impacted Karnataka’s fisheries sector. With a focus on sustainability, infrastructure development, and technological advancement, the initiative has transformed fishing practices and boosted the economy of districts like Dakshina Kannada. Key Achievements in Dakshina Kannada The Government of Karnataka reports significant …
2024 has witnessed gold reaching all-time highs, marking a significant milestone in the yellow metal’s performance. Despite a strengthening dollar following Donald Trump’s victory in the recent US elections, gold has remained resilient and continued its upward trajectory. David Tait, CEO of the World Gold Council, attributes gold’s ongoing strength to the anticipated debt burden …
The Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM), a centrally sponsored initiative by the Ministry of Rural Development, is transforming rural India by mobilising women into Self-Help Groups (SHGs). With the goal of eradicating poverty and uplifting rural households, DAY-NRLM nurtures these SHGs to improve income and living standards sustainably. Two key initiatives …
The Kisan Credit Card (KCC) scheme has been an important initiative to provide farmers with easy access to financial support. Since its expansion in 2019, it now caters to working capital needs in animal husbandry, fisheries, and dairying. Farmers can secure collateral-free loans of up to ₹1.6 lakh for one year. Under the Modified Interest …
The Pradhan Mantri Awas Yojana-Gramin (PMAY-G) is a flagship scheme launched by the Government of India in April 2016, focusing on providing pucca houses with essential amenities to rural households. Implemented by the Ministry of Rural Development, the program has been instrumental in advancing the goal of “Housing for All.” Key Milestones of PMAY-G Initial …
