Black Swan Event
Context: A study by the Reserve Bank of India (RBI) has spoken about the possibility of capital outflows to the tune of $100 billion (around Rs 7,80,000 crore) from India in case of a major global risk scenario or a “black swan” event. Relevance: GS III- Indian Economy Dimensions of the Article: What is a […]
WTO Ministerial Conference
Context: Recently, member countries of the World Trade Organization (WTO) wrapped up the Ministerial Conference’s twelfth outing (MC12) securing agreements on relaxing patent regulations to achieve global vaccine equity; ensuring food security, according subsidies to the fisheries sector and continuing moratoriums relevant to e-commerce, among others. Relevance: GS III- Indian Economy Dimensions of the Article: […]
World Competitiveness Index 2022
Context: Recently, the annual World Competitiveness Index was released by the Institute for Management Development (IMD). IMD is a Swiss foundation, based in Switzerland, dedicated to the development of international business executives at each stage of their careers Relevance: GS III- Indian Economy Dimensions of the Article: World Competitiveness Yearbook (WCY) Highlights of the Index India’s […]
The Reasons Behind the Crashing Crypto Market
Context Bitcoin and many other cryptocurrencies have been crashing since they hit an all-time high late last year. Bitcoin has lost more than two-thirds of its value since it hit a peak of around $69,000 in November last year and is currently trading at around the $22,000 mark. Ethereum, another cryptocurrency popular among investors, has […]
Soverign Gold Bond Scheme
Focus: GS II- Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in News? The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds in tranches About Soverign Gold Bond Scheme (SGB) The Sovereign Gold Bond Scheme was introduced in […]
Periodic Labour Force Survey
Context: The unemployment rate saw a decrease of 0.6% and fell to 4.2% in 2020-21, compared with 4.8% in 2019-20, according to the Periodic Labour Force Survey (PLFS) for 2020-21 released by the Ministry of Statistics and Programme Implementation. This means that only 4.2% of adults who looked for jobs could not get any work […]
What is Retail Inflation?
Context: India’s retail inflation eased marginally to 7.04% in May from the nearly eight-year high of 7.79% in April, reflecting a persistent uptick of over 6% in prices paid by consumers for the fifth successive month. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Fiscal Policy, Taxation) Dimensions of the Article: What is […]
Indian Crude Oil Basket Touches 10 Year High
Context: The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen. Relevance: GS-III: Indian Economy (International Trade, Mobilization of Resources, Growth and Development of Indian Economy) Dimensions of the Article: Key Points How are high crude […]
Monetary Tightening And Its Impact on Growth
Context A rate hike in the monetary policy committee’s June meeting was a foregone conclusion after the spike in inflation and an off-cycle surprise interest rate hike on May 4. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment Dimensions of the Article Reasons fast forwarding of Interest Rate Hike […]
RBI Plan to Link Credit Cards With UPI
Context: The Reserve Bank of India has proposed to allow the linking of credit cards with the Unified Payments Interface (UPI). Relevance: GS III- Indian Economy Dimensions of the Article: Details What is Unified Payments Interface (UPI)? What is the significance of the move? What could be the hurdles? Details: The integration will first begin […]