Purchasing Managers Index
Context: According to the S&P Global India Manufacturing Purchasing Managers’ Index (PMI), new orders and output in India’s manufacturing sector increased slightly in April 2022, rising to 54.7 from 54 in March 2022. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources) Dimensions of the Article: What is Purchasing Managers’ Index […]
RBI Has Done What’s Necessary On Repo Rate Hikes
Context The RBI has decided to take the bull by the horns. It has raised the repo rate by 40 basis points and the cash reserve ratio (CRR) by 50 basis points to fight inflation. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Why major central banks across […]
Inflation Control Needs Another Model
Context At the conclusion of the April meeting, the Monetary Policy Committee had already warned that the focus will henceforth be on inflation. Yesterday it raised the repo rate somewhat sooner than was expected by the market. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Discourse on […]
RBI Hikes Repo Rate By 40 bps
Context: Interest rates in the banking system are set to go up after the Reserve Bank of India (RBI) jacked up the Repo rate, the main policy rate, by 40 basis points to 4.40 per cent and the cash reserve ratio (CRR) by 50 basis points to 4.50 per cent to suck out liquidity and […]
Kwar Hydroelectric Project
Context: The Cabinet Committee on Economic Affairs (CCEA) has approved the 540-megawatt Kwar hydroelectric project on the Chenab in Kishtwar district of Jammu and Kashmir. Relevance: GS III- Indian Economy (Infrastructure) Dimensions of the Article: What is the Kwar Project? Chenab River What is the Kwar Project? This project, which is part of the Indus basin, […]
Export Credit Guarantee Corporation of India
Context: ECGC Ltd., the government enterprise that provides export credit insurance, will soon approach the Reserve Bank of India for approval to deal in foreign currency for the benefit of exporters. Relevance: GS III- Indian Economy Dimensions of the Article: What is ECGC? Functions of ECGC Facilities by ECGC What is ECGC? ECGC stands for […]
MSME Sustainable (ZED) Certification Scheme
Focus: GS III- Indian Economy (Effects Of Liberalization On The Economy) Why in News? The Union Ministry for Micro, Small and Medium Enterprises has launched the MSME Sustainable (ZED) Certification Scheme. MSME Sustainable (ZED) Certification Scheme This Scheme is a multi-pronged effort to help MSMEs embrace Zero Defect Zero Effect (ZED) practises. Its goal is […]
State of (un)employment in India
Context Data from the Centre for Monitoring Indian Economy (CMIE) shows that India’s Labour Force Participation Rate (LFPR) has fallen to just 40% from an already low 47% in 2016. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article What is LFPR? What is the significance […]
State of (un)Employment in India
Context: Data from the Centre for Monitoring Indian Economy (CMIE) shows that India’s labour force participation rate (LFPR) has fallen to just 40% from an already low 47% in 2016. This suggests not only that more than half of India’s population in the working-age group (15 years and older) is deciding to sit out of the job […]
PM Street Vendor’s Atmanitbhar Nidhi (PM SVANidhi)
Focus: GS-II Social Justice, GS-III India Economy Why in News? The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi, today has approved the continuation of lending under the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) beyond March 2022 till December 2024, with focus on enhanced collateral free affordable loan […]