India Energy Modeling Forum (IEMF)
Why in news? In the joint working group meeting of the Sustainable Growth Pillar of the India-US partnership, an India Energy Modeling Forum was launched India Energy Modeling Forum (IEMF) The IEMF seeks to provide a platform for policy makers to study important energy and environmental issues and ensure induction of modelling and analysis in informed decision […]
Inflation alert
Why in news? Headline inflation for the month of June is 6.1%. Demand supply mismatch during COVID 19 pandemic and higher inflation rate is worrying Indian economy. More about the news? Disruptions caused to the supply of goods and services as a result of the nationwide shutdown can to an extent explain the acceleration in […]
Abundant liquidity kept short-term rates soft: RBI bulletin
Why in news? RBI recently released Monthly bulletin for the month of July 2020. The RBI has highlighted that on account of COVID-19 Pandemic, the Financial institutions in India faced liquidity stress, loss of access to funding, disruption of cash flows. Hence, in order to counter this, the RBI has taken recourse to several conventional […]
Do we need Fiscal Council
Why In news? The economic disruption caused by the pandemic brought the economy to a standstill. What is needed is government spending. But fear of the market has been holding the government back. It is against this backdrop the idea of Fiscal Council. What is holding back government from spending The government needs to borrow […]
BAD BANK: EXPLAINED
Focus: GS-III Indian Economy Why in news? The Indian Banks Association (IBA) submitted a proposal for setting up a bad bank to the finance ministry and the RBI, proposing equity contribution from the government and the banks. Introduction The idea of setting up a bad bank often comes up for debate, especially when stress in […]
INDIA GLOBAL WEEK 2020
Focus: GS-III Indian Economy Why in news? Prime Minister will deliver the inaugural address on Day 1 of India Global Week 2020. India Global Week 2020 India Global week 2020 brings together 5000 global participants from 30 nations being addressed by 250 global speakers for incisive global discussion over a period of 3 days. The […]
15TH FINANCE COMMISSION HOLDS MEETING WITH WORLD BANK
Focus: GS-III Indian Economy Why in news? The 15th Finance commission held a detailed meeting with representatives of the World Bank, Niti Aayog and member of the Commission’s High-level group (HLG) on the health sector. In context of the pandemic, a billion-dollar loan has been given by World Bank to the Government of India. Highlights […]
World Bank and Government of India sign $750 million Agreement
Focus: GS 3: Investment, MSME Sector Why in news? The World Bank and the Government of India today signed the $750 million agreement for the MSME Emergency Response Programme to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs) More about agreement. The World Bank’s MSME Emergency Response Programme […]
INDIA MAY SEE TRADE SURPLUS AFTER 18 YRS
Focus: GS-III Indian Economy Why in news? India may register its first monthly trade surplus in over 18 years as the pace of contraction of exports is estimated to have slowed down to around 12%, while imports are seen to have fallen almost 49% during the month. Details The last time India had a positive […]
SOVEREIGN GOLD BOND SCHEME 2020-21
Focus: GS-III Indian Economy Why in news? In terms of Government of India Notification Sovereign Gold Bonds 2020-21 (Series IV) will be opened for the July month. In order to promote the Digital India campaign Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs 50 (Rupees […]