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GS Paper-3

Indian Derivatives Market

15-Apr-2025

Derivatives are financial contracts whose value is derived from an underlying asset, such as stocks, commodities, currencies, or interest rates.

CREDIT RATING AGENCIES

15-Apr-2025

A Credit Rating Agency (CRA) is an organization that provides an independent evaluation of the creditworthiness of an issuer of debt instruments (such as bonds, loans, etc.). 

NATIONAL STOCK EXCHANGE (NSE)

15-Apr-2025

Incorporated in 1992; commenced operations in 1994.

SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

15-Apr-2025

Constitution as a Non-Statutory Body: SEBI was constituted in 1988 through a Government of India resolution.

PROJECT NEXUS

15-Apr-2025

Project Nexus is a multilateral initiative conceptualized by the Bank for International Settlements (BIS) to facilitate instant cross-border retail payments by interlinking domestic Instant Payment Systems (IPS). 

European Space Agency's Biomass Mission

15-Apr-2025

The European Space Agency (ESA) is set to launch its ambitious Biomass mission later this month, on April 29, 2025.

Carbon Rights: Importance, Conservation and Relevance

15-Apr-2025

The Rights and Resources Initiative has presented an overview of carbon rights in a report titled ‘Carbon Rights of Indigenous Peoples, Peoples of African Descent and Local Communities in Tropical and Subtropical Lands and Forests’.

UN GLOBAL TAX TREATY

14-Apr-2025

The global tax landscape is undergoing a significant transformation with the emergence of the UN Global Tax Treaty, a proposed multilateral convention under the United Nations aimed at reforming international tax rules. 

Digital Public Infrastructure

14-Apr-2025

Digital Public Infrastructure (DPI) is defined as a set of shared digital systems that facilitate the delivery of public and private services to citizens at societal scale. 

Windfall Tax

14-Apr-2025

A windfall tax is a one-time tax levied by governments on companies or industries that earn unexpectedly large profits due to circumstances beyond their control. 

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