GS paper 3

Non Performing Assets (NPA), Definition, Types, Examples

Context: Care Ratings forecasted that GNPAs are expected to be between 2.5-2.7% in FY24 and further improve to 2.1-2.4% by FY25 end. Important Facts Historical Trend: GNPAs significantly increased from 3.8% in FY14 to 11.2% in FY18 due to stricter...

Forex Reserve, Meaning, Importance, Components, Advantages

India's foreign exchange reserves have witnessed a remarkable surge, reaching an impressive $642.63 billion as of March 22, marking the fifth consecutive weekly increase. This surge, amounting to $140 million for the reporting week, comes as a significant boon amidst...

Inflation, Definition, Causes, Impacts, Inflation Rate in India

Context: RBI said core inflation is falling but food price fluctuations are affecting the RBI's monetary policy and their 4% target. Vegetable price drops during winter were minimal and temporary, with cereal, meat, and fish prices experiencing increases. What is...

Ocean Warming, Issues, Impact and Measures to be Taken

Context The Copernicus Climate Change Service (C3S) reported that February 2024 saw the highest-ever recorded average global sea surface temperature (SST) of 21.06°C, surpassing the previous record of 20.98°C set in August 2023. This unprecedented increase is part of a...

Reserve Bank of India (RBI), History, Function and Act

Reserve Bank of India The Reserve Bank of India (RBI) is India's central bank and a key financial institution responsible for maintaining monetary stability and ensuring the soundness of the country's financial system. Established in the mid-1930s, the RBI functions...

Kaziranga National Park, History, Species, Significance and Threats

Context: Prime Minister Modi takes ‘elephant and jeep safari’ at Kaziranga National Park in Assam. Kaziranga National Park Kaziranga National Park is a national park in the Golaghat and Nagaon districts of the state of Assam, India. It is one...

Poverty in India, Types, Causes & Latest Updates about Poverty in India

Poverty in India When poverty is characterized by a severe shortage of basic necessities including food, clothing, and housing it is said to be as Poverty. It is frequently characterized by social marginalization, a lack of opportunity for personal development,...

Direct Benefit Transfer Scheme, Benefits, Pros and Cons

Direct Benefit Transfer (DBT), introduced by the Government of India in 2013, revolutionizes welfare delivery. Streamlining fund transfers and enhancing transparency, DBT aims to directly empower beneficiaries while curbing fraudulent practices. Direct Benefit Transfer (DBT) Direct Benefit Transfer (DBT) is...

Gross Domestic Product, Definition, Importance and Types of GDP

Gross Domestic Product is the Important topic for Indian Economy for  the UPSC Civil Service Exam 2024. In this article we have discuss about the Importance, Types, Calculation, Real and Nominal GDP. What is GDP? GDP (Gross Domestic Product) stands...

Types of Farming in India, Factors, Importance and Challenges

Types of Farming in India has been discuss in article which is an Important topic for UPSC Civil Service Exam 2024. We have discuss the Types of Farming in India and its Importance, factors and List Different types of Farming. There Four...