ECONOMICS

Reports and Indices
Performance Grading Index (PGI) 2.0 report
▪ Chandigarh has been adjudged the best performer in school education for the academic year
2023-24, while Meghalaya appears in the lowest rung of the Performance Grading Index (PGI)
2.0 report.
▪ It was released by the Union Education Ministry.
▪ The States are graded on a wide range of indicators, including learning outcomes and quality,
access, infrastructure, equity, governance processes, and teacher education and training, for a
total of 1,000 points.

▪ The report shows that 24 States and Union Territories improved their scores in 2023-24 from
the previous year’s, while the remaining 12 States and Union Territories saw declining scores.
▪ Chandigarh achieved a score of 719, and is the sole State to reach Grade Prachesta-1, for
scores between 701 to 760.
▪ Ten States and Union Territories — Punjab, Delhi, Gujarat, Odisha, Kerala, Dadra Nagar Haveli and Daman Diu, Haryana, Goa, Maharashtra, and Rajasthan — have scored between 581 and 640, called Grade Prachesta-3.
▪ At the other end of the scale is Meghalaya, which scored 417, thus falling into the category of
scorers between 401 and 460, labelled as Akanshi-3.
▪ In the middle ranks are 14 States and Union Territories — Puducherry, Himachal Pradesh, Andaman and Nicobar Islands, Tamil Nadu, Karnataka, Lakshadweep, West Bengal, Madhya Pradesh, Sikkim, Uttar Pradesh, Jammu & Kashmir, Uttarakhand, and Ladakh — which scored between 521 and 580, labelled Akanshi-1.
RBI’s Supervisory Data Quality Index (sDQI) Report
▪ The Reserve Bank of India (RBI) has developed the Supervisory Data Quality Index (sDQI) to assess the quality of data submitted by Scheduled Commercial Banks (SCBs).
▪ This index evaluates banks based on four crucial parameters: Accuracy, Timeliness ,
Completeness, Consistency.
▪ The objective is to enhance transparency, promote data discipline, and assess adherence to the principles laid out in the Master Direction on Filing of Supervisory Returns 2024.
▪ According to the latest RBI release, the overall sDQI score for SCBs has improved from 88.6 in March 2024 to 89.3 in March 2025.

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