Forwarded from GS-CAMPUS (OFFICIAL)
• The Ministry of Statistics and Program Implementation (MoSPI) released the monthly growth rate of the Index of Industrial Production (IIP), which has slowed to a nine month low of 1.2%.
Index of Industrial Production (IIP)
• It is one of the prime indicators of economic development for the measurement of trends in the behavior of Industrial Production over a period of time with reference to a chosen base year.
o It indicates the relative change of physical production in the field of industries during a specified year as compared to previous year.
• Released by: National Statistical Office (NSO).
• Ministry: Ministry of Statistics and Programme Implementation (MoSPI).
• Frequency: Monthly.
• Base Year (as of now): 2011–12.
• IIP is composed of three broad sectors:
o Manufacturing (77.6% weight);
o Mining (14.4% weight);
o Electricity (8.0% weight).
• Another classification is based on the use of goods, which includes: Primary Goods, Capital Goods, Intermediate Goods, Infrastructure/Construction Goods, Consumer Durables and Consumer Non-Durables.
Index of Industrial Production (IIP)
• It is one of the prime indicators of economic development for the measurement of trends in the behavior of Industrial Production over a period of time with reference to a chosen base year.
o It indicates the relative change of physical production in the field of industries during a specified year as compared to previous year.
• Released by: National Statistical Office (NSO).
• Ministry: Ministry of Statistics and Programme Implementation (MoSPI).
• Frequency: Monthly.
• Base Year (as of now): 2011–12.
• IIP is composed of three broad sectors:
o Manufacturing (77.6% weight);
o Mining (14.4% weight);
o Electricity (8.0% weight).
• Another classification is based on the use of goods, which includes: Primary Goods, Capital Goods, Intermediate Goods, Infrastructure/Construction Goods, Consumer Durables and Consumer Non-Durables.
Forwarded from GS-CAMPUS (OFFICIAL)
Forwarded from GS-CAMPUS (OFFICIAL)
#BANK
"RBI Grants AU Small Finance Bank Universal License – First
in a Decade"
GS-II – Role of Statutory Bodies: RBI’s regulatory oversight.
GS-III – Indian Economy: Banking structure reforms, financial stability.
INTRO & RECENT CONTEXT
AU SFB Becomes Universal Bank – First in 10 Years
Event: RBI grants AU Small Finance Bank a universal banking license – first such approval since 2014.
Why it matters: Opens path for other Small Finance Banks (SFBs) to upgrade, impacting competition and inclusion.
#AUSmallFinanceBank #UniversalBankLicense #RBIUpdates #BankingReformsIndia #FinancialInclusion
"RBI Grants AU Small Finance Bank Universal License – First
in a Decade"
GS-II – Role of Statutory Bodies: RBI’s regulatory oversight.
GS-III – Indian Economy: Banking structure reforms, financial stability.
INTRO & RECENT CONTEXT
AU SFB Becomes Universal Bank – First in 10 Years
Event: RBI grants AU Small Finance Bank a universal banking license – first such approval since 2014.
Why it matters: Opens path for other Small Finance Banks (SFBs) to upgrade, impacting competition and inclusion.
#AUSmallFinanceBank #UniversalBankLicense #RBIUpdates #BankingReformsIndia #FinancialInclusion