RBI Rate Hike and Its Impact
Context: In its bi-monthly review, the Reserve Bank of India hiked the repo rate by another 50 basis points. This move, and the RBI’s focus on the withdrawal of its accommodative policy, both in response to rising inflation, are expected to lead to a further rise in interest rates in the banking system. Relevance: GS […]
What are Bad Banks?
Context: Recently, Finance Minister announced that the National Asset Reconstruction Company (NARCL) along with the India Debt Resolution Company (IDRCL) will take over the first set of bad loans from banks and try to resolve them. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, NPAs, Banking) Dimensions of the Article: NPA stress in […]
How to Keep Inflation Under Control
Context The economy now seems to be largely out of the shadow of Covid-19, and only a notch better than in 2019-20. But the big question remains: can India rein in the raging inflation that is at 7.8 per cent (CPI for April 2022), with food CPI at 8.4 percent, and WPI at more than […]
GST Council Must Uphold Fiscal Federalism
Context The recent ruling of the Supreme Court held that the states were free to use means of persuasion ranging from collaboration to contestation. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment, Government Budgeting Dimensions of the Article Simultaneous or concurrent powers under Article 246A Composition of GST Council […]
Unicorn Boom in India
Context Prime Minister has praised India’s startup ecosystem as he highlighted that the country has reached a landmark figure of 100 unicorns with a valuation of more than $300 billion. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article What is a Unicorn Startup? When was […]
What is Gig Economy?
Context: The Union Labour Ministry is organizing a program aimed at sharing information and good experiences on policies and global practices relating to gig and platform workers and their social security. Relevance: GS III- Indian Economy Dimensions of the Article: What is Gig Economy? Advantages of Gig economy. Challenges related to Gig economy Measures to […]
Index of Eight Core Industries
Focus: GS III- Indian Economy Why in News? The combined Index of Eight Core Industries stood at 143.2 in April 2022, which is an increased of 8.4 per cent (provisional) as compared to the Index of April 2021. The production of Coal, Electricity, Refinery Products, Fertilizers, Cement and Natural Gas industries increased in April 2022 over the […]
India’s Startup Ecosystem
Context: Recently, Prime Minister praised India’s startup ecosystem as he highlighted that the country has reached a landmark figure of 100 unicorns with a valuation of more than $300 billion. Relevance: GS III- Indian Economy Dimensions of the Article: What is a unicorn startup? India’s unicorn record Challenges faced by the Start up’s What is a […]
India’s Changing Goal Posts Over Coal
Context: Recently, Finance Minister said India’s transition away from coal as a fuel for power would be hampered by the Russia-Ukraine war. Relevance: GS III- Indian Economy Dimensions of the Article: What is Coal? Types of Coal Why is the ‘move away from coal’ so important? What is the extent of India’s dependence on coal? […]
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 […]