Daily Current Affairs — 4 September 2025
3 articles • UPSC Prelims & Mains
Supreme Court Order on Regulatory Assets of DISCOM
Context The Supreme Court recently directed the State Electricity Regulatory Commissions (SERCs) and distribution companies (DISCOMs) to clear their accumulated regulatory assets within a fixed timeframe. What are regulatory assets? Regulatory assets are the unrecoverable revenue gap due to the difference between the average cost of supply (ACS), the expense incurred by a DISCOM to deliver a unit of electricity to consumers, and the Annual Revenue Requirement (ARR).
Banking Industry: A Pillar of India’s Growth Story
Context Recently, the President of India underscored the transformative role of India’s banking sector in shaping the nation’s economic trajectory. About the Banking Industry in India India’s banking sector is a financial intermediary, primary conduit for credit delivery, liquidity modulation, financial inclusion, and serves as the operational backbone of macroeconomic management. Cooperative and Local Area Banks: Serve niche markets and rural populations.
Empowered Women are Foundation of Viksit Bharat
Context PM Modi launched the Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited, highlighting that “empowered women are the foundation of Viksit Bharat.” About Jeevika Nidhi Saakh Sahkari Sangh Limited Jeevika Nidhi is a state-level cooperative financial institution established to support women entrepreneurs in Bihar. Objective: To provide timely credit at lower interest rates, reducing dependence on microfinance institutions (MFIs) that charge 18%–24%. Membership: All registered cluster-leve
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