EDEN IAS

Economic Development

PRADHAN MANTRI MATSYA KISAN SAMRIDHI SAH-YOJANA (PM-MKSSY)

Introduction of PRADHAN MANTRI MATSYA KISAN SAMRIDHI SAH-YOJANA The PRADHAN MANTRI MATSYA KISAN SAMRIDHI SAH-YOJANA is a central sector sub-scheme under the Pradhan Mantri Matsya Sampada for formalization of the fisheries sector. It is a flagship scheme for focused and sustainable development of the fisheries sector in the country as a part of the Aatmanirbhar …

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RBI ACTION AGAINST PAYTM PAYMENTS BANK

Introduction to RBI ACTION AGAINST PAYTM PAYMENTS BANK: The Reserve Bank of India on Wednesday barred Action Against Paytm Payments Bank Ltd from accepting fresh deposits and making credit transactions. India’s apex bank said in a statement that the action was precipitate by the bank’s “persistent non-compliances” The RBI said the Paytm Payments Bank’s continue …

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TRADE CONNECT E-PLATFORM

Introduction to TRADE CONNECT E-PLATFORM: It is an intermediary platform that makes it possible to link Indian businesses and exporters with different foreign trade stakeholders. It also provides a forum for the Indian government to assess how states and union territories might contribute to increasing exports and how world events affect India’s trade Connect E-Platform. …

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LEVERAGING DIASPORA FINANCES FOR PRIVATE CAPITAL MOBILIZATION

Why in the News LEVERAGING DIASPORA FINANCES? The World Bank recently released an annual report “Migration and Development Brief: Leveraging Diaspora Finances for Private Capital Mobilization” in leveraging diaspora finances. Key Findings of the report: India ($125 bn), Mexico, China, Philippines, and Egypt topped the list of remittance recipients in 2023, raking in billions. The …

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ECONOMIC PRODUCTION

Introduction of Economic Production: It refers to a physical process/activity carried out under the control and management of an institutional Unit that uses inputs of Labour in Economic Production, Capital, other goods and services to produced output of other goods and services. Who are the producers? Producers or institutional units are economic entities capable in …

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NATIONAL PHARMACY COMMISSION BILL 2023

Why in the news National Pharmacy Commission Bill? The Ministry of Health and Family Welfare proposes to finalize the National Pharmacy Commission Bill, 2023 for setting up the National Pharmacy Commission and repealing the Pharmacy Act, 1948. About Pharmacy Commission: The Pharmacy Act of 1948 is a piece of legislation that governs the practice and …

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WHAT ARE CORALS?

Introduction to Coral An individual coral is known as a “polyp”. They are living animals that secrete calcium carbonate to form hard skeletal structures called reefs. Coral lives a symbiotic relationship with a unicellular microscopic alga called zooxanthellae. Coral get their colors from these algae. Algae give off oxygen and other nutrients that the coral …

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