RBI Grade B 2024 Past 6 Months Indices & GDP Rates PDF

Can’t Remember Numbers Easily GDP Projections and Rates INDEX/ RANKINGS  Important Rankings and Indices Covered Global Human Development Index IMF AI Preparedness Index World Press Freedom Index World Soil Health Index Global Gender Gap Index Henley Passports Index En...

Can’t Remember Numbers Easily GDP Projections and Rates INDEX/ RANKINGS  Important Rankings and Indices Covered Global Human Development Index IMF AI Preparedness Index World Press Freedom Index World Soil Health Index Global Gender Gap Index Henley Passports Index Environment Performance Index Global Peace Index WEF Energy Transition Index UNCTAD World Investment Index NITI Aayog SDG Index WEF’s Travel and Tourism Dev. Index  PDF for Revision Aspirants can watch at 1.25x/1.5x speed  Reserve Bank of India (RBI) Monetary Policy Committee (MPC) Meeting - August 2024 GDP Growth Projection: Real GDP Growth Forecast: India’s real GDP is projected to grow at 7.2% for FY25. Quarterly Breakdown: Q1 FY25: 7.1% Q2 FY25: 7.2% Q3 FY25: 7.3% Q4 FY25: 7.2% Q1 FY26: 7.2%  Inflation Projections: Consumer Price Index (CPI) Inflation Forecast: CPI inflation is projected at 4.5% for FY25. Quarterly Breakdown: Q2 FY25: 4.4% Q3 FY25: 4.7% Q4 FY25: 4.3% Q1 FY26: 4.4% Inflation Target: Target for CPI inflation is 4% with a tolerance band of +/- 2%. Ind-Ra raises India’s FY25 GDP Growth Forecast to 7.5% The National Council of Applied Economic Research (NCAER) in its Monthly Economic Review (MER) June 2024, projected that India’s Gross domestic product (GDP) to grow at 7.5% in Financial year 2024-25 (FY25). The International Monetary Fund (IMF) Raised India’s GDP Growth Forecast for FY25 to 7%; Maintains 2024 Global Growth Forecast at 3.2% warns of Inflation Risk ADB kept India’s GDP Growth Projection for 2024 unchanged at 7% FICCI Forecasts India’s GDP Growth Forecast for FY25 at 7%; CPI Inflation Projected at 4.5%  Key Highlights of RBI Annual Report: Real GDP Growth Forecast: RBI forecasts the real GDP growth at 7% for the fiscal year 2024-25, marking the third successive year of 7% or above growth. The economy's real GDP growth increased to 7.6% from 7.0% in 2023-24.  Headline Inflation: Headline inflation softened to 5.4% during 2023-24 from 6.7% in the previous year. Goldman Sachs Revised India’s 2024 GDP Growth Projection Upwards to 6.7%; Expects RBI Rate Cut in Q4 SBI Research Report: India’s GDP Growth Likely to Touch 8%; 7.4% GDP Growth for Q4FY24 Moody’s Ratings Projects India’s GDP to Grow by 6.8% in 2024 and 6.5% in 2025 World Bank Revised India’s GDP Growth Projection to 6.6% for FY25 The Confederation of Indian Industry (CII) Estimates India’s GDP to Grow at 8% in 2024; Inflation Likely to Remain within RBI’s 4% Target UBS Securities India: India to Maintain 6.5-7% Y-o-Y GDP Growth between FY26 & FY30 Fitch Ratings Raised India’s GDP Growth Projection to 7.2% for FY25 National Institute of Public Finance and Policy (NIPFP) projects India’s FY25 GDP growth at 7.1-7.4% Organisation for Economic Co- operation and Development (OECD) Revised India’s GDP Growth Forecast for FY25 to 6.6%  RBI's 'State of the Economy' Report: Inflation Trends: Headline inflation, measured by Year-on- Year (Y-o-Y) changes in the all-India Consumer Price Index (CPI), moderated to 4.8% in April 2024 from 4.9% in March. Food inflation increased to 7.9% in April 2024 from 7.7% in March 2024, with prices of various food items likely to maintain headline inflation around 5%.  RBI's Projection for CPI Inflation in FY25: CPI inflation projected at 4.5% in FY25, with quarterly projections as follows: Q1: 4.9%, Q2: 3.8%, Q3: 4.6%, Q4: 4.5%. Morgan Stanley raises India’s GDP growth estimate to 6.8% for FY24-25 United Nations Conference on Trade and Development (UNCTAD) Projected India’s GDP Growth at 6.5% for FY2024-25 India to grow 6.8% in FY25, Inflation to ease to 4.5%: CRISIL GDP Projections and Rates INDEX/ RANKINGS Q) What is India’s rank in US Chamber’s International IP Index 2024? a) 40th b) 41st c) 42nd d) 43rd e) 45th Q) What is India’s rank in US Chamber’s International IP Index 2024? a) 40th b) 41st c) 42nd d) 43rd e) 45th  Intellectual Property is a creation of intellect (the human mind). The creative work is defined as a property if it complies with the law defining it. The creation or innovation can be any invention which may be scientific or technical, literary or artistic work, graphical representation, design, etc. It is an invention that is used for economic or business activity. In some countries, Intellectual Property is known as Industrial Property.  Like any other property, Intellectual Property can be transferred, sold, or gifted. The original creator, inventor, or author of the work or invention is given exclusive rights over his creation, and these rights are called Intellectual Property Rights. The original owner/creator gives consent, and only then can someone else use the Intellectual Property. Intellectual Property Rights (IPR) are legal rights given to the inventor or creator to protect his invention or creation for a certain period.  The different kinds of Intellectual Properties are: Copyright Patents Trademark Industrial Design Trade Secret Geographical Indications  India retains 42nd rank in the 12th edition of the International IP Index (2024) by the US Chamber of Commerce with overall score: 38.64%. Top Performers in the Index: United States (USA) tops the list with an overall score of 95.48%. United Kingdom (UK) secures 2nd place with 94.12%. France follows in 3rd place with 93.12%.  Challenges and Weaknesses of India's IP: Concerns raised about India's IP regime, including the dissolution of the Intellectual Property Appellate Board in 2021. Challenges with under-resourced judiciary impacting rights holders' ability to enforce IP rights and resolve disputes. Limited protection for biopharmaceutical IP rights highlighted.  To protect and promote Intellectual Property Rights (IPR) of Startups and to encourage innovation and creativity among them, Government of India had launched a Scheme for facilitating Start-Ups Intellectual Property Protection (SIPP) in 2016. The scheme facilitated startups in filing and processing of their patent, design or trademark application through the assistance of IP Facilitators, whose fee was borne by the Office of the Controller General of Patents Designs and Trademarks, Department for Promotion of Industry and Internal Trade, Government of India.  Eligibility Criteria for SIPP Scheme In this scheme, a start-up is a company that has been registered in India or not more than ten years before the application; The company shall cease to be a start-up if its turnover for the early financial years has more than Rs. 25 crores or it has completed ten years from the registration date;  The company should be working towards the development, commercialisation, or innovation of new products and processes or services which are driven by technology; A start-up shall be entitled to getting the benefits of this scheme only after it has procured certification from the start-up certification board; The yearly turnover should not more than Rs. 25 crores in any preceding financial year; Moreover, the company is not formed by the splitting up or reconstruction of a business already in existence.  SIP-EIT Scheme is launched by the Government of India to provide financial support to the electronics & information technology startup and the MSMEs. The SIP EIT Scheme benefits are for filing the patent internationally and to recognise the capability of the global IP. This will bring more growth opportunities to the ICTE sector and encourage people to do more in this area.  Scheme for "Building Awareness on Intellectual Property“ This scheme provides financial support up to Rs. 1 lakh per program for organizing sensitization/awareness programs. The Scheme for Building Awareness on Intellectual Property (IPR) aims to improve the awareness of IPR among MSMEs. Q) Recently, Bureau of Energy Efficiency Celebrates 22nd Foundation Day. And on that occasion, State Energy Efficiency Index 2023 was released. Which state topped the Index? a) Telangana b) West Bengal c) Tamil Nadu d) Karnataka e) Uttar Pradesh Q) Recently, Bureau of Energy Efficiency Celebrates 22nd Foundation Day. And on that occasion, State Energy Efficiency Index 2023 was released. Which state topped the Index? a) Telangana b) West Bengal c) Tamil Nadu d) Karnataka e) Uttar Pradesh  Bureau of Energy Efficiency (BEE), under the Ministry of Power, celebrated its 22nd Foundation Day on 1st March 2024. Theme - "Energy Transition through Electrification and Decarbonization in India.“ Established on 1st March 2002 under the Energy Conservation Act, 2001, BEE aims to reduce the energy intensity of the Indian economy.  SEEI 2023 assesses 36 states and UTs using 65 qualitative, quantitative, and outcome-based indicators across seven demand sectors, including Buildings, Industry, Municipal Services, Transport, Agriculture, Electricity Distribution Companies (DISCOMs), and Cross-Sector Initiatives. States and UTs are categorized based on their Total Final Energy Consumption (TFEC) into four groups: Group 1 (>15 MTOE), Group 2 (5-15 MTOE), Group 3 (1-5 MTOE), and Group 4 (15 MTOE), Group 2: Andhra Pradesh, Kerala, Telangana Group 2 (5-15 MTOE), Group 3: Assam, Goa, Himachal Pradesh Group 3 (1-5 MTOE), and Group 4: Chandigarh, Meghalaya, Group 4 (