Bitcoin Halving: An Overview
Context: The cryptocurrency community is gearing up for the upcoming Bitcoin halving event, which is likely to be held this weekend. Relevance: GS III: Indian Economy Dimensions of the Article: Bitcoin Halving: An Overview How Does Bitcoin Halving Occur? Blockchain Technology and Mining: Halving Mechanism: Impact on the Crypto Market: Scarcity and Price Pressure: Potential […]
Global Financial Stability Report 2024
Context: The International Monetary Fund (IMF) has released the Global Financial Stability Report 2024, focusing on ‘The Last Mile: Financial Vulnerabilities and Risks.’ The report cautions about the risks to the global financial system stemming from persistent high inflation, escalating lending in the unregulated credit market, and growing cyber-attacks targeting financial institutions. Relevance: GS III: […]
Tamil Nadu’s Economic Transformation Driven by Diversification and Industrialization
Context: Tamil Nadu’s economic landscape is experiencing a substantial transformation, transitioning from its traditional agricultural base to a more diversified and industrialized economy. This shift is primarily attributed to the rise of cluster capitalists and ‘entrepreneurs from below,’ who are spearheading growth across various industry sectors. Relevance: GS III: Indian Economy Dimensions of the Article: […]
CBDT Signs 125 Advance Pricing Agreements in FY 2023-24
Context: The Central Board of Direct Taxes (CBDT) has achieved a significant milestone by signing 125 Advance Pricing Agreements (APAs) during the fiscal year 2023-24. Relevance: GS III: Indian Economy Dimensions of the Article: What is an Advance Pricing Agreement (APA)? Definition: Purpose: Contribution to Ease of Doing Business: Voluntary Process: Duration: Data Protection: Types […]
Gold Price Dynamics and Correlations
Context: Recently, Global price of gold (24 carat) was $2,349.88 per ounce. In India it was ₹7,174 per gram. Relevance: GS III: Indian Economy Dimensions of the Article: Gold Price Dynamics and Correlations Current Gold Prices: Recent Trends: Correlation Factors: Reasons for Correlations: Factors Determining Global Gold Prices Supply Side Factors: Demand Side Factors: Determinants […]
About Settlement in Indian Rupees (SRVA)
Context: India has simplified the payment mechanism for traders importing pulses from Myanmar, requiring them to use the Rupee/Kyat direct payment system through the Special Rupee Vostro Account (SRVA) through the Punjab National Bank. Relevance: GS III: Indian Economy Dimensions of the Article: About Settlement in Indian Rupees (SRVA) Overview Objective Regulatory Approval Functioning of […]
What are Green Bonds?
Context: Recently, the Reserve Bank of India (RBI) green lighted investments in the country’s Sovereign Green Bonds (SGrBs) by Foreign Institutional Investors (FIIS). Relevance: GS III: Indian Economy Dimensions of the Article: What are Green Bonds? Why are these bonds important? How beneficial is it for investors? What is the difference Between SGB and Other Bonds? Risks […]
Income Inequalities Hamper Sustainable Growth
Context: In the current fiscal year, the Indian economy is anticipated to achieve a 7.6 percent growth in real GDP, building upon the impressive growth rates of 9.1 percent in 2021-22 and 7.2 percent in 2022-23. This trend, coupled with the Prime Minister’s commitment to robust economic reforms during his third term, has generated optimism among […]
Global Trade Outlook & Statistics Report
Context: The World Trade Organisation has published the latest edition of the Global Trade Outlook & Statistics Report. Relevance: GS III: Indian Economy Dimensions of the Article: Global Trade Outlook & Statistics Report Overview Key Forecasts Import Trends Global GDP Growth Trade Value Resilience of Global Trade Inflation and Income Growth Risks and Uncertainties About […]
MNRE Reinstates 2021 ALMM List to Boost Local Solar Module Manufacturing
Context: In March 2024, the Ministry of New and Renewable Energy (MNRE) announced the re-implementation of its 2021 notification for the ‘Approved List of Models and Manufacturers of Solar Photovoltaic (PV) Modules’, commonly referred to as the ALMM list. This move aims to bolster local sourcing of solar modules and bolster India’s renewable manufacturing ecosystem. […]