What are Non fungible tokens (NFTs)?
Context Non fungible tokens (NFTs) have, thanks to their ability to assign value to everything from art to music to a simple selfie, taken the world by storm. What are NFTs?…
Nuclear fusion and clean energy
What is Nuclear Fusion? Nuclear Fusion is the science of producing energy by ‘fusing’ two atomic particles into one. In what way is it different from Nuclear Fission? Fission works…
What is Tulip Mania?
Context The Reserve Bank of India (RBI) governor called the proposed 30% tax on gains from cryptocurrency exchanges a “threat to macroeconomic and financial stability” a week after the budget…
Virtual Digital Assets
Context Recently, a 30 per cent tax on income from virtual digital assets was announced in Union Budget 2022. About Virtual Digital Assets? In the explanatory memorandum of the Finance…
What is reverse repo normalisation?
Context In a recent report, State Bank of India, which is the largest public sector bank in the country, has stated: “…we believe the stage is set for a reverse repo normalisation.”…
Govt. proposes new SEZ law
Govt. proposes new SEZ law Context Recently, the union government proposed to replace the existing law governing special economic zones (SEZs) with a new legislation to enable States to become…
What is PM-DevINE Scheme?
Context Union Finance Minister announced a new scheme, PM-DevINE i.e. Prime Minister’s Development Initiative for North East that will be implemented through the North-Eastern Council. About PM-DevINE It will fund…
What is the Digital Rupee?
Context The Union Finance Minister has announced the launch of the Digital Rupee — a central bank digital currency (CBDC) — 2022-23 onwards. About Digital Rupee The Reserve Bank of…
Summary of Union Budget 2022-23
Summary of Union Budget 2022-23 Context India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and…
First Advance Estimates of National Income 2021-22
Context The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is releasing in this Press Note the First Advance Estimates (FAE) of National Income at both Constant (2011-12)…
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