India Needs Parliamentary Supervision of Trade Pacts

Context India is negotiating and signing several free trade agreements (FTAs) with countries like Australia, the UK, Israel, and the EU. While the economic benefits of these FTAs have been studied, there is very little discussion on the lack of parliamentary scrutiny of these treaties. Relevance GS-III: Effects of Liberalization on the Economy, Changes in […]

Fall In Cryptocurrency Price

Context: Bitcoin, the most dominant cryptocurrency around, is down more than 50% from an all-time high price of $68,000. Relevance: GS III- Indian Economy Dimensions of the Article: What are cryptocurrencies? How are they different from actual currency? How do cryptocurrencies derive their value? What’s new about this phase of the cryptocurrency price fall? What […]

Foreign Direct Investment

foreign direct investment

Focus: GS-III: Indian Economy (Growth and Development of Indian Economy, External Sector) Why in News? The foreign direct investment (FDI) in the financial year 2021-22 has touched a “highest-ever” figure of $83.57 billion. About Foreign Direct Investment (FDI) Foreign Direct Investment (FDI) is an investment in the form of a controlling ownership in a business […]

Goods and Services Tax

Goods and Services Tax

Context: The Supreme Court, in a judgment championing the importance of “cooperative federalism” for the well-being of democracy, held that Union and State legislatures have “equal, simultaneous and unique powers” to make laws on Goods and Services Tax (GST) and the recommendations of the GST Council are not binding on them. The apex court’s decision […]

Sela Tunnel

Sela Tunnel

Context: The strategically-significant Sela Tunnel project in Arunachal Pradesh is nearing completion. Relevance: GS III- Indian Economy (Infrastructure) Dimensions of the Article: About Sela Pass Tunnel Project Why is the project important? Significance of the tunnel About Sela Pass Tunnel Project The Sela Tunnel Project is located West Kameng district of Arunachal Pradesh, the tunnel project […]

Report Flags Risk of Fortified Rice

Context A report has flagged issues due to threats posed to anaemic persons over iron over-nutrition created by rice fortification. Relevance: GS III- Indian Economy, Public distribution system Dimensions of the Article: Highlights of the report What are the risks highlighted? What is rice fortification? Need of rice fortification What are the standards for fortification? […]

The Repo Rate in India

Context: Recently, the Reserve Bank of India, in a surprise move, announced that the bank’s Monetary Policy Committee (MPC) had held an ‘off-cycle’ meeting at which it had decided unanimously to raise the “policy repo rate by 40 basis points to 4.40%, with immediate effect”. Relevance: GS III- Indian Economy Dimensions of the Article: What is […]

Employees Provident Fund Organisation (EPFO)

Focus: GS III- Indian Economy Why in News? EPFO now offers an annual interest rate of 8.5 percent. About Employees’ Provident Fund Organisation (EPFO) Nodal: Ministry of Labour & Employment It is a government organization that manages provident fund and pension accounts of member employees and implements the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952. The Employees’ Provident […]

Brace For Higher Interest Rates

Context Inflation has now remained above the RBI’s upper tolerance limit of 6 per cent for four months in a row. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Broad Based Inflation Inflation Targeting by the RBI Implications Way Forward Broad Based Inflation The second-order impact of […]

Monetary Policy Alone Won’t Bring Down Inflation

Context The Reserve Bank of India (RBI) last week raised both policy rates and cut back liquidity in a surprise inter-meeting decision. The forcefulness and urgency of the policy shift have been seen as a signal of the RBI’s renewed commitment to fighting inflation via aggressive monetary tightening in the coming months. Relevance GS-III: Indian […]