Important Schemes in News February 2020 3rd 4th Week

1. India’s Financial and Banking System:
Understanding the basics of India’s financial and banking system is essential. You should be aware of the key regulatory bodies such as the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). Stay updated on recent changes in monetary policies, interest rates, and financial regulations. Additionally, I will learn about the various types of banks in India, their functions, and the recent mergers in the banking sector.

2. Government Schemes and Initiatives:
Be well-versed with the latest government schemes related to banking, finance, and rural development. This could include schemes like Pradhan Mantri Jan Dhan Yojana, Atal Pension Yojana, Pradhan Mantri Mudra Yojana, and more. Understand the objectives, benefits, and eligibility criteria of these schemes.

3. Digital Banking and Financial Technology:
Stay updated on the advancements in digital banking and financial technology. This includes topics like UPI (Unified Payments Interface), digital wallets, mobile banking apps, and the role of technology in making financial services more accessible. Also, be aware of the latest trends in online security and measures taken to protect digital transactions.

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4. International Economic Relations:
Global economic relations play a crucial role in India’s economy. Keep track of international trade agreements, partnerships, and economic summits. Be aware of organizations like the World Bank, and the International Monetary Fund (IMF), and their recent reports or assessments related to India’s economic growth and challenges.

5. Budget and Economic Survey:
Focus on the annual Union Budget and Economic Survey. Understand the key allocations, tax reforms, and economic projections presented in the budget. Analyze the Economic Survey to gain insights into the current state of the economy, major challenges, and policy recommendations.