RBI bars Mastercard from issuing new cards in India
Context: The Reserve Bank of India (RBI) imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. from on-boarding new domestic customers (debit, credit or prepaid) onto its card network for non-compliance with the regulator’s directions. According to the RBI, the U.S. card-issuer Mastercard has failed to comply with the local data storage rules announced by […]
UN report on youth and agriculture, World Youth Skill Day
Context: Every year, 15th July is observed as the World Youth Skills Day as designated by the United Nations General Assembly (UNGA) in 2014. A recent United Nations report has said that making agriculture-food systems more appealing to the youth can secure the future of global food security and nutrition. Relevance: GS-III: Indian Economy (Employment, […]
India’s trade with China soared 62% in H1
Context: India’s trade with China in the first half of 2021 rose by a record 62.7%. Relevance: GS-III: Indian Economy (International trade), GS-II: International Relations (India and its Neighbors) Dimensions of the Article: Highlights of the latest data on India-China trade Understanding what we import and what we export to China India’s Dependence on Chinese […]
RBI Retail Direct scheme
Context: The Reserve Bank of India (RBI) announced the ‘RBI Retail Direct’ scheme, a one-stop solution to facilitate investment in government securities (G-secs) by individual investors. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of resources) Dimensions of the Article: About the ‘RBI Retail Direct’ scheme Why was this needed? Benefits of […]
Inflation remains above 6% for second month
Context: After touching a six-month high in May 2021, India’s retail inflation was virtually unchanged in June 2021. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Fiscal Policy, Taxation) Dimensions of the Article: What is Inflation? Types of Inflation based on rate of Increase About the Latest inflation data What is Inflation? Inflation […]
Govt. says no anti-dumping duty on certain copper items
Context: Going against a recent Directorate General of Trade Remedies (DGTR) recommendation, the government has decided not to impose Anti-Dumping Duty (ADD) on imports of certain copper products, from China, Thailand, Korea and three other countries. Relevance: GS-III: Indian Economy (International Trade, Mobilization of Resources, Growth and Development of Indian Economy) Dimensions of the Article: […]
Making sense of RBI’s Financial Stability Report
Context: The Reserve Bank of India released its latest Financial Stability Report (or FSR). Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Fiscal Policy, Taxation) Dimensions of the Article: What is the Financial Stability Report (FSR)? Trends regarding data in the FSR The latest 2021 FSR regarding impact of regulatory relief Other Key […]
Future of IBC and stressed assets resolution
Context: The Insolvency and Bankruptcy Code (IBC), notified in 2016, has been the key mechanism for addressing corporate distress and the accumulation of bad loans in the financial sector since its implementation. Recent National Company Law Tribunal (NCLT) rulings have also put the spotlight on the IBC. Relevance: GS-III: Indian Economy (Banking Sector & NBFCs, […]
India’s 1991 liberalisation leap and lessons for today
Context: 2021 will mark 30 years since the 1991 LPG reforms which were hugely successful, but there is still some progress to be made. Relevance: GS-III: Indian Economy (Planning, Mobilisation of resources, Growth and development of Indian Economy) Dimensions of the Article: Situations before 1991 Reforms Reforms of 1991 Why were the reforms needed? Approaching […]
WB support to India’s informal working class
Context: World Bank said it has approved a USD 500 million (about Rs 3,717.28 crore) loan programme to support India’s informal working class to overcome the current pandemic distress. Relevance: GS-III: Indian Economy (Inclusive growth, Government Policies and Interventions), GS-II: International Relations (Important International Institutions) Dimensions of the Article: About India’s Informal Workforce Issues with […]