World Economic Situation and Prospects 2023

Context: Recently, the United Nations has released a new report World Economic Situation and Prospects 2023, which stated that the Global Gross Domestic Product (GDP) is likely to drop to 1.9 % in 2023 from 3 % in 2022. Relevance: GS III: Indian Economy Dimensions of the Article: Report Findings: Inflation Recession Global Output Country […]

What is Gig Economy?

Context: On September 20, 2021, the Indian Federation of App-based Transport Workers, on behalf of gig workers, filed a public interest litigation in the Supreme Court demanding that the Union government provide succour to workers affected by the pandemic. Relevance: GS III- Indian Economy Dimensions of the Article: What is Gig Economy? Advantages of gig economy: Challenges related to Gig Economy: […]

Income Inequality in India: To What Extent Does Taxation Contribute?

Context Despite three decades of economic liberalisation, India is still a country of contrasts, with significant growth and success coexisting with persistent poverty and deprivation. Relevance: GS Paper-3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Mains Question Adopting progressive taxation systems, decentralising investments, encouraging women’s entrepreneurship, and establishing strong […]

Liquified Natural Gas (LNG)

Context: The EU is weaning itself off piped Russian gas by rapidly expanding imports of liquified natural gas, much of it fracked in the US. Relevance: GS III: Indian Economy Dimensions of the Article: What is LNG? Market Limitations Energy Requirements What’s the climate impact of LNG? Energy Intensity: Methane Loss: High Greenhouse Gas Emissions: […]

World Economic Forum 2023 

Context: Recently, The World Economic Forum’s Annual Meeting 2023, held in the Swiss town of Davos, ended – a conference that started in a world possibly fundamentally altered, but whose processes and outcomes remained pretty much business as usual. Relevance: GS III: Indian Economy Dimensions of the Article: Some key takeaways from WEF Davos 2023. […]

What is National Coal Index (NCI)

Context: The Ministry of Coal has launched the sixth round of commercial coal mines’ auction for 141 coal mines. As per the provisions of the tender document, the Performance Bank Guarantee (PBG) to be submitted for each successfully auctioned coal mine is to be revised annually based on the National Coal Index (NCI). Relevance: GS […]

Old Pension Scheme vs National Pension Scheme

Context: The Reserve Bank of India (RBI) has cautioned states against reverting to the old pension scheme (OPS), which was in vogue till 2004, stating that it will add to the fiscal burden of States in the coming years. Relevance: GS III: Indian Economy Dimensions of the Article: What did RBI say about the old […]

National Level Multistate Cooperative Export Society

Focus: GS III: Indian Economy Why in News? The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, has approved the setting up and promotion of a National Level multistate cooperative export society under the Multi State Cooperative Societies (MSCS) Act, 2002. About National Level Multistate Cooperative Export Society Benefits What are multi-State cooperatives?

What Are Sovereign Green Bonds?

Context: Recently, the Reserve Bank of India (RBI) announced that it will, for the first-time, issue Sovereign Green Bonds (SgrBs) worth Rs 16,000 crore, in two tranches of Rs 8,000 crore each in the current financial year. The RBI said it will issue 5-year and 10-year green bonds of Rs 4,000 crore each on January […]

Small Savings Schemes

Context: Amid rising yields on government securities, the Finance Ministry recently hiked the interest rates for some small savings schemes by 20-110 basis points for the January-March quarter. While the hike will serve as protection against high inflation and interest rates, the small savings rates are still below desired levels. Relevance: GS III- Indian Economy […]