PESTICIDE SECTOR HIT BY INPUT ISSUES
Focus: GS-III Indian Economy Why in news? The Indian pesticide industry is heavily dependent on Chinese imports for raw materials, and could be heavily impacted by the COVID-19 outbreak, according to an analysis prepared by the Agriculture Ministry. The Ministry estimates that domestic inventories may be sufficient for the kharif sowing season, but any further […]
SHARED ECONOMY AT $2 BILLION BY END-2020
Focus: GS-III Indian Economy Why in news? The shared economy in India is estimated to be an about $2 billion industry by the end of the current 2020 year, according to a recent report by Maple Capital Advisors. What is Shared Economy? The sharing economy is a way of distributing goods and services that differs […]
COVID-19 OUTBREAK COULD HELP AGRI EXPORTS
Focus: GS-III Indian Economy, Agriculture Why in news? In the wake of the COVID-19 outbreak, the Centre has identified 21 agricultural products, including honey, potatoes, grapes, soya beans and groundnuts, in which Indian exports could benefit from trade restrictions against Chinese goods. Analysis of the impact of COVID-19 outbreak on India’s agricultural trade report prepared […]
WORST SINGLE DAY FALL FOR SENSEX
Focus: GS-III Indian Economy Why in news? The Sensex on 9th March 2020 witnessed its worst fall since demonetisation in 2016 as the sell-off in stocks continues unabated. The Nifty hit a one-year low. 5 factors causing this crash Oil price crash Crude oil prices tanked over 30 per cent following Saudi Arabia’s decision to […]
GLOBAL CRUDE OIL WAR BRINGS GOOD TIDINGS FOR INDIA
Focus: GS-III Indian Economy Why in news? Major oil buyers such as India are set to gain following Russia’s refusal to back broader cuts in crude oil production by the Organization of the Petroleum Exporting Countries (Opec). Details Crude prices are on a tailspin after Russia did not agree to Opec’s proposal for an additional […]
GENDER BUDGET: RHETORIC, REALITY
Focus: GS-II Social Justice, GS-III Indian Economy, Prelims Why in news? Budgetary allocations for “100% women-specific programmes” in 2018-19, as listed in Part A of the Gender Budget Statement (GBS), declined. Despite some sops to women: a cut in provident fund contribution, and 80 million free gas connections for poor women, a closer examination of […]
NCLT APPROVES COCHIN SHIPYARD’S TEBMA PLAN
Focus: GS-III Industry and Infrastructure, Indian Economy Why in news? The Chennai bench of the National Company Law Tribunal (NCLT) has approved the ₹65-crore resolution plan submitted by Cochin Shipyard Limited for Tebma Shipyards Limited. NCLT noted that the resolution plan value was lower than the liquidation value of about ₹89.09 crore. However, it said […]
SENSEX PLUNGES 2.3% ON COVID-19, YES BANK
Focus: GS-III Indian Economy Why in news? A mix of domestic and global negative factors drove Indian equity benchmarks down more than 2% on 6th March 2020. On the global front, almost all leading equity markets across the world lost ground on 6th March as the number of people infected by COVID-19 crossed the 10,000-mark […]
DICGC: RELEVANCE IN THE WAKE OF YES BANK ISSUE
Focus: GS-III Indian Economy, Economic Development Deposit Insurance and Credit Guarantee Corporation (DICGC) Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary of Reserve Bank of India. It was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961. Hence, it is a Statutory body. It was […]
IN PUSH FOR NEIGHBOURHOOD FIRST POLICY: INDIA PLANS A COMMON ELECTRICITY MARKET
Focus: GS-II International Relations, GS-III Industry and Infrastructure, Indian Economy Why in news? The Union government plans to set up a regional grid that will be leveraged to create a common electricity market for nations in India’s neighbourhood, said power and new and renewable energy minister. The proposed market, which will include Myanmar, Sri Lanka, […]