Foreign Contribution (Regulation) Act (FCRA)
Context: The Central Bureau of Investigation has arrested four current and two former officials of the Foreign Contribution (Regulation) Act (FCRA) division of the Union Home Ministry, along with eight others, for allegedly facilitating illegal clearances to non-governmental organisations (NGOs) under the Act, in lieu of bribes. Relevance: GS-II: Polity and Governance (Government Policies & […]
Control Inflation by Acting on Liquidity
Context The recent action of the Reserve Bank of India (RBI) to raise the repo rate by 40 basis points and cash reserve ratio (CRR) by 50 basis points is a recognition of the serious situation with respect to inflation in our country and the resolve to tackle inflation. Relevance GS-III: Indian Economy and issues […]
Depreciation of Indian Rupee
Context: The Indian rupee fell to an all-time low of 77.44 against the U.S. Dollar. Relevance: GS-III: Indian Economy (Capital Market, Fiscal Policy and Monetary Policy) Dimensions of the Article: What is Currency Depreciation and what are it causes Impact of the drop Reasons for Current Depreciation of Indian Rupee What is Currency Depreciation and what […]
Let’s Make GST a Good and Simple Tax
Context The GST has been a remarkable achievement and a unique experiment in cooperative federalism. In this, both the Union and the state governments gave up their tax autonomy in favour of harmonising domestic trade taxes. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Multiple […]
Purchasing Managers Index
Context: According to the S&P Global India Manufacturing Purchasing Managers’ Index (PMI), new orders and output in India’s manufacturing sector increased slightly in April 2022, rising to 54.7 from 54 in March 2022. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources) Dimensions of the Article: What is Purchasing Managers’ Index […]
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 […]