RBI Has Done What’s Necessary On Repo Rate Hikes
Context The RBI has decided to take the bull by the horns. It has raised the repo rate by 40 basis points and the cash reserve ratio (CRR) by 50 basis points to fight inflation. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Why major central banks across […]
Inflation Control Needs Another Model
Context At the conclusion of the April meeting, the Monetary Policy Committee had already warned that the focus will henceforth be on inflation. Yesterday it raised the repo rate somewhat sooner than was expected by the market. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Discourse on […]
RBI Hikes Repo Rate By 40 bps
Context: Interest rates in the banking system are set to go up after the Reserve Bank of India (RBI) jacked up the Repo rate, the main policy rate, by 40 basis points to 4.40 per cent and the cash reserve ratio (CRR) by 50 basis points to 4.50 per cent to suck out liquidity and […]
Direct Tax Collections Surge in FY22
Context: India’s net direct tax collections amounted to ₹14,09,640.83 crore for FY22, which is the highest collection ever, signaling that the Indian economy has bounced back after two years of the pandemic. Relevance: GS III- Indian Economy Dimensions of the Article: Details About Direct Tax in India About Central Board of Direct Taxes (CBDT) Details: […]
India’s December ’21 Unemployment Rate Hits 4-Month High
Context: India’s unemployment rate hit a four-month high in December 2021 according to data from the Centre for Monitoring Indian Economy (CMIE). Relevance: GS-III: Indian Economy (Human Resources, Employment, Growth and Development of Indian Economy) Dimensions of the Article: What are the risks to employment based on data in December 2021? Causes of Unemployment in […]
RBI Financial Stability Report Key Takeaways | Legacy IAS
Context: By the end of December 2021, the Reserve Bank of India (RBI) released its latest Financial Stability Report (FSR). Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy) Dimensions of the Article: What is the Financial Stability Report (FSR)? Highlights of the latest FSR (December 2021) What is the Financial Stability Report (FSR)? […]
EdTech regulation policy on the anvil: Education Minister
Context: The booming education technology sector, which has benefited from the disruptions in traditional education during the pandemic, is likely to face regulation soon by the means of a common policy, according to Education Minister Dharmendra Pradhan. Relevance: GS-II: Social Justice (Issues Related to Education), GS-III: Indian Economy Dimensions of the Article: What is Ed-tech […]
Centre notifies Consumer Protection (Direct Selling) Rules, 2021
Context: Central Government in exercise of the powers by the Consumer Protection Act, 2019 has notified the Consumer Protection (Direct Selling) Rules, 2021. Relevance: GS-III: Indian Economy, GS-II: Governance (Government Policies and Initiatives) Dimensions of the Article: About the Consumer Protection (Direct Selling) Rules, 2021 What is Electronic Commerce (e-commerce)? E-commerce in India About the […]
What are the head and tailwinds in the economy?
Context: For India, the year 2021 that went by has been about rebuilding from the ravages of 2020 amid the COVID-19 storm which had pushed the already slowing economy into contraction mode. The pandemic-related lockdowns sent the stalling economy into free fall, causing output to shrink by 24.4% and 7.4% in the first two quarters […]
Why the RBI kept repo rates unchanged
Context: The Monetary Policy Committee (MPC) of the Reserve Bank of India kept key policy rates unchanged for the ninth time in a row and decided to “continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the […]