General Studies Paper -3
Context: According to a recent report by the State Bank of India (SBI), India has witnessed a significant fall in inequality over the last decade.
Key Findings
The polarization of incomes
Gini Coefficient for different segments
Gini coefficient Gini coefficient is a gauge of economic inequality, measuring income distribution or wealth distribution among a population. The coefficient ranges from 0 to 1, with 0 representing perfect equality and 1 representing perfect inequality. |
Concern
General Studies Paper -3
Context: Ola group’s AI firm Krutrim is India’s first artificial intelligence unicorn. Krutrim has raised $50 million at a valuation of $1 billion in a funding round.
What is a Unicorn?
Unicorns of India
Do you know ?The global startup ecosystem is witnessing a shift of gradually transitioning from the age of unicorns to the age of decacorns. A decacorn is company that has attained a valuation of more than $ 10 Bn. India has five startups namely, Flipkart, BYJU’s, Nykaa and Swiggy, added in decacorn cohort. |
Significance of Rise of Unicorns for Indian Economy
Measures Taken by Government of India to support Unicorn/Startups
Challenges
Conclusion and Way ahead
General Studies Paper -2
Context: More than 3,000 flats are likely to be allotted to slum dwellers by the Delhi Development Authority (DDA) under the PMAY-U.
About PMAY-U
Features
Components of the scheme
The Urban Local Bodies validate the information and building plan submitted by the beneficiary so that ownership of land and other details like economic status and eligibility can be ascertained.
Read MoreGeneral Studies Paper -1
Context: Women’s political empowerment will enhance governance and boost the economy, as per 2023 UNDP report.
Political Empowerment
Current status
Benefits of Women Political Empowerment (WPE)
Challenges
Strategies for Progress
Way Ahead
General Studies Paper -2
Context: The article discusses the India-Middle East-Europe Economic Corridor (IMEC), a proposed trade route. It mentions how conflicts like the Yemen conflict and Gaza war affect trade through the Suez Canal, making alternatives like IMEC more important.
What is the IMEC Project?
India Middle East Europe Corridor is a network of transport corridors comprising railway lines and sea lanes to promote economic integration between Asia, the Arabian Gulf, and Europe.
What are the challenges IMEC is facing?
How does IMEC benefit India?
Way forward
The future of IMEC hinges on overcoming geopolitical hurdles and infrastructure challenges. Successful resolution of issues, like Turkey’s exclusion and the Saudi Israeli link, will be crucial. With potential global financing and support, especially from the U.S., Europe, and Saudi Arabia, IMEC could become a major, transformative trade route, benefiting regional economies and enhancing global trade connectivity.
Read MoreGeneral Studies Paper -2
Context: The article discusses the strong 25-year partnership between France and India. They want to deepen their ties to address modern challenges like security in the Indo-Pacific, climate change, and technology cooperation.
What is The Consensus Regarding Cooperation between India and France?
What Required Grow Cooperation Between India and France?
General Studies Paper -2
Context: The 1st meeting of the Social Audit Advisory Body (SAAB) was held recently.
About
What is Social Audit?
National Resource Cell for Social Audit (NRCSA)
General Studies Paper -2
Context: The 19th Non-Aligned Movement (NAM) Summit was held in Uganda’s capital, Kampala.
Key discussions at the summit
What is Non-Aligned Movement (NAM)?
Challenges faced by NAM in today’s world
Relevance of NAM today
Way ahead
General Studies Paper -2
Context: The 54th annual meeting of the World Economic Forum in Davos, Switzerland was concluded recently.
About
Five Takeaways of the 2024 Summit:
General Studies Paper -2
Context: The Union Ministry of Home Affairs (MHA) is planning to end the Free Movement Regime (FMR) with Myanmar.
Free Movement Regime (FMR) Agreement
Differed Opinion
Why ending the FMR Agreement is significant to India?
India’s strategy to safeguard its borders
Conclusion and Way Forward
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