BOTTOM OR MIRAGE?
Focus: GS-III Indian Economy Why in news? Official estimates of gross domestic product for the fiscal third quarter have pegged growth in the festival demand-filled October-November month period at 4.7%, a distinct slowdown from the revised year-earlier and preceding quarters’ 5.6% and 5.1% paces respectively. Growth of different sectors: Manufacturing, which contributes just under a fifth to gross […]
OECD LOWERS INDIA’S FY21 GDP GROWTH TO 5.1%
Focus: GS-III Indian Economy, Prelims Why in news? Global agency OECD on 2nd March, 2020, lowered its India’s GDP growth forecast to 5.1 per cent from the earlier projection of 6.2 per cent for 2020 on concerns of impact of deadly coronavirus on the domestic as well as the global economy. Details of the report: […]
VIRAL ECONOMIES
Focus: GS-III Economic Development 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 New Zealand Financial impact of COVID The virus has crippled global supply chains, hit air travel and convulsed markets as it appears all set to […]
GOVERNMENT’S TOTAL RECEIPTS AT RUPEES 12.82 LAKH CRORES IN APRIL-JANUARY
Focus: GS-III Indian Economy and Economic Development, Prelims Why in news? The government’s total receipts during the April 2019-January 2020 period of the current fiscal stood at Rupees 12.82 lakh crore, while total expenditure for the same period was Rupees 22.68 lakh crore. Tax revenue stood at Rupees 9,98,037 crore, while non-tax revenue stood at […]
SEBI redefines ‘Pledge’ to Protect Client Securities
Why in news? The decision by SEBI to Tweak the manner in which ‘pledge’ is defined in regulatory laws, was approved by the board of the capital markets regulator on 17th February 2020. Significance A minor tweak in the manner ‘pledge’ is defined in the regulatory laws is expected to go a long way in […]
2020 Economic Survey | Chapter- 1 | Wealth Creation: The Invisible Hand Supported by the Hand of Trust
India’s dominance as global economic power for three-fourths of economic history manifests by design. Kautilya’s Arthashastra postulates the role of prices in an economy (Spengler, 1971). Historically, Indian economy relied on the invisible hand of the market with the support of the hand of trust: Invisible hand of the market reflected in openness in […]
Highlights of the Budget 2020
What is Union Budget? According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Theme 1: ASPIRATIONAL INDIA Agriculture Sector • Budget is aimed at doubling farmer […]