CRUDE OIL PURCHASES FROM CHINESE FIRMS HALTED
Focus: GS-III Indian Economy Why in news? Indian state refiners have stopped buying crude oil from China-linked companies, three sources said, after New Delhi’s recent regulation aimed at restricting imports from countries that it shares a border with. Details Since the new order was issued, state refiners have been inserting a clause in their import […]
SOLAR TARIFF IN INDIA UNLIKELY TO COMPETE WITH GULF
Focus: GS-III Indian Economy Why in news? The per unit cost of solar power in India, considered among the cheapest in the world, is unlikely to cost less than what it is in Gulf countries, according to an analysis by an energy think tank. This is primarily due to the lower cost of finance in […]
6TH FOUNDATION DAY OF AREAS
Focus: GS-III Indian Economy Why in news? On the 6th Foundation Day of the Association of Renewable Energy Agencies of States (AREAS), the government has launched a website and telephone directory for AREAS. Highlights State Nodal Agencies (SNAs) for Renewable Energy (RE) interact and learn from each other’s experiences and also share their best practices […]
14TH INDIA-SINGAPORE DEFENCE POLICY DIALOGUE (DPD)
Focus: GS-III Indian Economy Why in news? The 14th India-Singapore Defence Policy Dialogue (DPD) was held via video conferencing. Both sides held discussions on a number of issues of bilateral defence engagements between India and Singapore. Both sides committed to further enhance the security partnership between the two countries. Background The Singapore-India Defence Policy Dialogue […]
PRADHAN MANTRI JAN-DHAN YOJANA (PMJDY)
Focus: GS-III Indian Economy Introduction Pradhan Mantri Jan-Dhan Yojana – PMJDY was announced by Prime Minister in 2014, and has been a key initiative towards the commitment to provide financial inclusiveness and support to the marginalized and hitherto socio-economically neglected classes. Background to Pradhan Mantri Jan-Dhan Yojana Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission […]
POSHAN MAAH: SEPTEMBER
Focus: GS-III Indian Economy Why in news? To commemorate the ‘Poshan Maah’ the DoFPD through its organisations have decided to organise activities as suggested by M/o Women and Child Development, in various parts of the country to sensitize the target groups on the merits of nutritional security. National Nutrition Month (Rashtriya Poshan Maah) The entire […]
GOVT TO PUSH FOR MARKET BORROWING
Focus: GS-III Indian Economy Why in news? The Centre likely to push for a market borrowing mechanism that will leverage states’ recently enhanced borrowing limits to temporarily plug the hole in their finances caused by a shortfall in revenue and the Centre’s inability to compensate them – and states ruled by non-National Democratic Alliance parties […]
INDIA RISKS STAGNATION: GDP SHOULD GROW OVER 8%
Focus: GS-III Indian Economy Why in news? India’s GDP needs to grow annually at 8-8.5% to create opportunities in the post COVID-19 era, and the country risks a decade of stagnating incomes and quality of life if urgent steps are not taken to spur growth, says McKinsey Global Institute (MGI). Details India will have to […]
SUPREME COURT ON LOAN MORATORIUM SCHEME
Focus: GS-III Indian Economy Why in news? The Supreme Court criticised the Centre for “hiding behind the Reserve Bank of India” without making its stand clear on the loan moratorium scheme introduced during the COVID-19 pandemic. Details The court wanted to know whether the deferment of loan interest to prop up borrowers through their financial […]
WHY RBI SENT RS 73,615 CRORE TO RBI’S CONTINGENCY FUND?
Focus: GS-III Indian Economy Introduction The Reserve Bank of India (RBI), the government’s banker, has retained a whopping amount of Rs 73,615 crore within the RBI by transferring it to the Contingency Fund (CF) of the central bank, thus leading to a sharp fall in the transfer of surplus to the government in the current […]