UPSC PT Pointers

India overtakes Hong Kong to become 4th-largest stock market recently. India's stock market capitalization crossed USD 4 trillion for the first time, with about half of that reportedly coming in the past 4 years. The top 3 stock markets are the U.S., China, and Japan.

Zero Defect, Zero Effect Scheme

Zero Defect Zero Effect (ZED) is a certification scheme for Micro, Small, and Medium Enterprises (MSMEs). The scheme's goal is to improve the competitiveness and sustainability of MSMEs, and to help them become national and international champions. The ZED scheme has 3 levels of certification - Bronze, Silver, and Gold. The certification is based on parameters such as quality, safety, production, cleanliness, energy, and the environment.

‘Swayam Siddha’

Swayam Siddha is a financial product from the State Bank of India (SBI) that provides loans to women entrepreneurs from Self Help Groups (SHGs). The loans can be up to 5 lakh rupees.

MSMEs in India

A recent report of CBRE-CREDAI says that Maharastra, TamilNadu and Uttar Pradesh (top 3 States) contribute 40% of registered MSMEs in India. Micro, Small and Medium Enterprises are known by the acronym MSME.

Investment bankers

An investment banker is an individual who often works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities. Examples of investment banker employers - Goldman Sachs (GS), Morgan Stanley (MS), JPMorgan Chase (JPM), Bank of America Merrill Lynch (BAC), and Deutsche Bank (DB).

Kuppa Pumped Hydro Storage Project

NHPC Limited and Gujarat govt sign MoU for Rs.4,000 crore in the proposed 750 MW Kuppa Pumped Hydro Storage Project in Chhota Udaipur, Gujarat. It aims to utilize pumped hydro storage projects for energy storage and addressing. It is a part of “Vibrant Gujarat” initiative.

Mountain Green Cover Index (MGCI)

Recently National Highways Authority of India (NHAI) signed a 3-year MoU with the National Remote Sensing Centre (NRSC) to develop & report a Green Cover Index for National highways. MGCI is a metric that measures the amount of green vegetation in mountain areas (forest, shrubs, trees, pasture land, crop land, etc.) in order to monitor progress towards the mountain target.

South Coast Railway Zone

The South Coast Railway (SCoR) Zone is India's 18th railway zone, and its headquarters are in Visakhapatnam, Andhra Pradesh. It was announced in 2019 and still not started yet.

Inoperative account by RBI

A savings or current account is treated as inoperative, if there are no ‘customer induced transactions’ in the account for a period of over 2 years. A customer induced transaction can be a financial transaction initiated by or done at the Behest of the account holder by the bank or third party, or A non-financial transaction, or A KYC (know your customer) updation done in face-to-face physical mode or through digital channels such as internet b

Rajiv Gandhi International Airport (RGIA)

RGIA in Hyderabad was ranked 2nd among the top 20 global airports with the highest On-Time Performance (OTP), according to Cirium’s annual report released recently. On-time performance (OTP) is a measure of how punctual an airline's flights are compared to their scheduled times. A flight is considered on-time if it arrives or departs within 15 minutes of its scheduled time.