Target Dreams

Why It is in News? Rajasthan Assembly Passes bill extending social security to gig workers Karnataka Government has announced Total of Rs. 4 lakh coverage of Life insurance and Accident Insurance for Gig Workers. What is GIG Economy :           A Gig economy is a free market system in which organisations contract with independent workers outside the traditional employer-employee relationship, for short term temporary engagement. Who is GIG Worker: According to the code on social security, 2020 A GIG worker is a person who performs work or participates in work arrangement and earns from such activities, outside of the traditional employer - employee relationship. They can be broadly classified into platform and non platform workers. Platform workers are those, whose work is based on online software applications or digital platforms such as Ola, Uber, Swiggy, Zomato etc. Non platform Workers , these are generally casual wage and own account workers in conventional sectors engaged part ti

What is Monetary Policy ?         Monetary policy, managed by a country's central bank, plays a crucial role in shaping a nation's economic landscape. It involves the strategic management of money supply and interest rates, influencing critical variables such as inflation, consumption, savings, investment, and capital formation. In India, the Reserve Bank of India (RBI) holds the responsibility for formulating and executing monetary policy, employing a range of tools like interest rate adjustments and bank reserve requirement modifications to achieve specific economic objectives and foster desired outcomes. Objectives of Monetary Policy : Control inflation within tolerable range, and ensure that purchasing power of the currency remains stable, creating conducive environment for consumers and business. promote economic growth and development in a country by fostering an environment that encourages investment and consumption. Contribute to employment generation and manage flu