Key Insights on Rupee Internationalisation, Panchayat Advancement Index, and E-PRAAPTI for UPSC Aspirants
UPSC Key: Internationalisation of the Rupee, Panchayat Advancement Index and E-PRAAPTI
The Indian Express
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This article discusses crucial topics for the UPSC Civil Services Examination on April 30, 2026, including the internationalisation of the Indian Rupee, the Panchayat Advancement Index (PAI) 2.0, and the new E-PRAAPTI portal for tracking inoperative EPF accounts. These subjects highlight India's economic strategies, local governance performance, and advancements in financial inclusivity.
- 01India saved ₹14,000 crore (approximately $1.5 billion) in foreign exchange by settling imports in rupees in February 2026.
- 02The Panchayat Advancement Index 2.0 ranked over 2.5 lakh Gram Panchayats, with Tripura emerging as the top performer.
- 03The E-PRAAPTI portal will help members access inoperative EPF accounts using Aadhaar-based authentication.
- 04Only 2.35% of India's imports were settled in rupees from April 2025 to February 2026, indicating room for growth.
- 05The Reserve Bank of India has introduced frameworks to support rupee-based trade settlements to enhance economic stability.
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The upcoming UPSC Civil Services Examination on April 30, 2026, will feature significant topics including the internationalisation of the Indian Rupee, the Panchayat Advancement Index (PAI) 2.0, and the launch of the E-PRAAPTI portal by the Employees' Provident Fund Organisation (EPFO). The internationalisation of the rupee aims to facilitate trade and reduce dependency on foreign currencies, with India saving ₹14,000 crore (approximately $1.5 billion) in foreign exchange by settling imports in rupees in February 2026. Despite this progress, only 2.35% of total imports were paid in rupees, highlighting the need for further adoption. The PAI 2.0 assessed over 2.5 lakh Gram Panchayats, revealing that smaller states like Tripura and Kerala outperformed larger states in local governance. Meanwhile, the E-PRAAPTI portal will enable members to track inoperative EPF accounts through Aadhaar authentication, addressing the issue of 31.83 lakh inoperative accounts and promoting financial inclusivity.
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The initiatives discussed will enhance India's economic stability and local governance, benefiting ordinary citizens by improving access to financial services and local administration.
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