Middle Income Trap and its Causes in India | UPSC – IAS The middle income trap is a theoretical economic development situation, in which a country that attains a certain income (due to given advantages) gets stuck at that level. The World Bank defines as the ‘middle-income range’ countries with gross national product per capita that has remained between $1,000 to $12,000 […]
Minimum Basic Income in India | UPSC IAS Recently, there have been calls for introduction of Minimum Basic Income (MBI) in the India. The Minimum Basic Income is a social welfare system that guarantees a basic income to households, provided they meet certain conditions. This is different from Universal Basic Income (UBI) scheme, which is
First Understanding the Models of E-Commerce – Marketplace Model E-commerce Company provides an IT platform on a digital or electronic network to act as facilitator between buyers & sellers without warehousing the products. It aggregates various retailers/brands and provide a sales channel (offers shipment, call centre, delivery and payment services) to them but cannot exercise ownership
Blue Economy and its Components | UPSC – IAS As per the World Bank, Blue Economy is the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem. It covers several sectors linked directly or indirectly to the oceans such as – Fishing, minerals, shipping and
Basel norms & Capital Adequacy Ratio | UPSC – IAS Capital Adequacy Ratio is also known as Capital to Risk Assets Ratio, is the ratio of a bank’s capital to its risk. National regulators track a bank’s CAR to ensure that it can absorb a reasonable amount of loss and complies with statutory Capital requirements.
Partial Credit Enhancement – NBFCs Bonds | UPSC – IAS The RBI recently allowed banks to provide partial credit enhancement (PCE) to bonds issued by systemically important non-deposit taking NBFCs registered with the RBI and Housing Finance Companies (HFCs) registered with the National Housing Bank. Provide partial credit enhancement or Credit enhancement means improving the
