RBI bars Mastercard from issuing new cards in India
Context: The Reserve Bank of India (RBI) imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. from on-boarding new domestic customers (debit, credit or prepaid) onto its card…
UN report on youth and agriculture, World Youth Skill Day
Context: Every year, 15th July is observed as the World Youth Skills Day as designated by the United Nations General Assembly (UNGA) in 2014. A recent United Nations…
India’s trade with China soared 62% in H1
Context: India’s trade with China in the first half of 2021 rose by a record 62.7%. Relevance: GS-III: Indian Economy (International trade), GS-II: International Relations (India and its…
RBI Retail Direct scheme
Context: The Reserve Bank of India (RBI) announced the ‘RBI Retail Direct’ scheme, a one-stop solution to facilitate investment in government securities (G-secs) by individual investors. Relevance: GS-III:…
Inflation remains above 6% for second month
Context: After touching a six-month high in May 2021, India’s retail inflation was virtually unchanged in June 2021. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy,…
Govt. says no anti-dumping duty on certain copper items
Context: Going against a recent Directorate General of Trade Remedies (DGTR) recommendation, the government has decided not to impose Anti-Dumping Duty (ADD) on imports of certain copper products,…
Making sense of RBI’s Financial Stability Report
Context: The Reserve Bank of India released its latest Financial Stability Report (or FSR). Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Fiscal Policy, Taxation) Dimensions…
Future of IBC and stressed assets resolution
Context: The Insolvency and Bankruptcy Code (IBC), notified in 2016, has been the key mechanism for addressing corporate distress and the accumulation of bad loans in the financial…
India’s 1991 liberalisation leap and lessons for today
Context: 2021 will mark 30 years since the 1991 LPG reforms which were hugely successful, but there is still some progress to be made. Relevance: GS-III: Indian Economy…
WB support to India’s informal working class
Context: World Bank said it has approved a USD 500 million (about Rs 3,717.28 crore) loan programme to support India’s informal working class to overcome the current pandemic…