Regional Rural Banks
Context: Recently, a meeting was held between the finance minister and the heads of banks to discuss various reforms in Regional Rural Banks (RRBs). Relevance: GS II: Indian Economy Dimensions of the Article: What are Regional Rural Banks (RRBs)? Functions of RRBs Issues Related to RRBs What are Regional Rural Banks (RRBs)? Set up on […]
Purchasing Managers Index
Context: India’s manufacturing sector rebounded in July, with sales and output growing at the fastest pace since November. The PMI quickened last month to 56.4, from June’s 9-month low of 53.9. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources) Dimensions of the Article: What is Purchasing Managers’ Index (PMI)? Understanding […]
India’s First International Bullion Exchange
Context: Prime Minister has launched India’s first International Bullion Exchange (IIBX) at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar. Relevance: GS III- Indian Economy Dimensions of the Article: What is Bullion? What is the IIBX? How will it work? Advantage of an exchange Significance of IIBX What is Bullion? Bullion is the term for […]
Index of Eight Core Industries
Focus: GS III- Indian Economy Why in News? The combined Index of Eight Core Industries increased by 12.7 per cent (provisional) as compared to the Index of June 2021. The production of Coal, Cement, Electricity, Refinery Products, Fertilizers, Steel, and Natural Gas industries increased in June 2022 over the corresponding period of last year. About Index of […]
Trade Infrastructure for Export Scheme
Focus: GS-III: Indian Economy Why in News? Recently, the central government has released Rs 206 crore to states for the promotion of exports under the Trade Infrastructure for Export Scheme (TIES) initiative. Under the TIES, financial assistance for 27 export infrastructure projects have been approved during FY 2019-20 to 2022-23. About Trade Infrastructure for Export Scheme (TIES) […]
Foreign Direct Investment
Focus: GS-III: Indian Economy (Growth and Development of Indian Economy, External Sector) Why in News? Singapore (27.01%) and USA (17.94%) have emerged as top 2 sourcing nations in equity flows into India in FY2021-22 followed by Mauritius (15.98%), Netherland (7.86%) and Switzerland (7.31%). Details: It may be noted that as per the UNCTAD World Investment […]
India’s Fiscal Federalism
Context In today’s fiscal policy, the objectives of the founding fathers — tackling socio-economic imbalances — have been neglected. Relevance GS Paper 3: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Mains Question Discuss the need for, and methods for, redefining India’s fiscal architecture in order to strengthen fiscal […]
Has The Recession Started?
Context According to one widely accepted definition, the US economy is on the verge of a recession. However, that is not the definition that is important. The government estimates the gross domestic product for the April-June period on Thursday, and some economists believe it will show that the economy shrank for the second consecutive quarter. […]
FDI in Defence Sector
Focus: GS-3 Indian Economy Why in News? The Government of India revised the FDI polic in 2020 and the total FDI inflow reported till May, 2022 is approximately Rs. 494 Crores. The GoI in 2020, has liberalised and allowed FDI under automatic route up to 74% and up to 100% through Government route wherever it […]
Declining Value of Euro
Context The euro recently reached parity with the US dollar. In other words, one euro became equal to one US dollar in terms of the exchange rate. The Euro is the European Union’s currency and monetary unit, represented by the € symbol. It is the official currency of the EU’s 19 member countries. Relevance GS […]