ON THE FRONT FOOT
Why in news? The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided at a meeting to keep the interest rates unchanged in the wake…
VIRAL ECONOMIES
Why in news? The global economy appears headed for uncharted, troubled territory because of the second wave of the coronavirus that has now spread to countries as far apart as Nigeria and…
EXPLAINED: A LOOK AT WTO’S RULES
How does WTO classify developed and developing countries? The WTO doesn’t define countries as ‘developing’ or ‘developed’. Member nations themselves are required to declare which category they fall…
REIMAGINING OUR ECONOMIC CHOICES
Introduction to our choices The COVID-19 pandemic will reshape all our economic choices. Nations have made a crucial choice in recent weeks, choosing human life over economic growth….
MAKING THE PRIVATE SECTOR CARE FOR PUBLIC HEALTH
As the battle against COVID-19 continues in India, it is unclear how well prepared the healthcare system is in dealing with the pandemic. There exist resource constraints at…
OIL SURGES ON HOPE OF ECONOMIC STIMULUS
Why in news? Oil prices surged by around 8% on 10th March 2020, a day after the biggest rout in nearly 30 years as investors eyed the possibility…
DOUBLING FARMERS INCOME
Why in news? The National Sample Survey Office (NSSO) report for 2013-14, farmers’ average monthly income stood at Rs. 6,426. At present as per the last survey available…
CROP DIVERSIFICATION
Why in news? Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW) is implementing a Crop Diversification Programme (CDP) for replacing paddy crop with less water consuming alternative crops…
IMF BRINGS DOWN INDIA’S GROWTH FORECAST TO 4.8%
Why in news? The International Monetary Fund (IMF) on 20th January, lowered India’s economic growth estimate for the current fiscal to 4.8% Reasons for slowdown. Decline in rural…
FINANCE MINISTRY WRITES TO RBI FOR RELAXING FARM LOAN NPA NORMS
Focus: GS-III Indian Economy, Economic Development Why in news? The Finance Ministry has asked the Reserve Bank of India (RBI) to relax asset classification norms for farm loans…