Asian Infrastructure Investment Bank
Context The Beijing-based Asian Infrastructure Investment Bank (AIIB) said it was putting on hold and reviewing all projects in Russia and Belarus. Relevance: GS-III: Indian Economy (International Institutions), GS-II: International Relations Dimensions of the Article: About Asian Infrastructure Investment Bank Membership of AIIB Financial Capital of AIIB: India and AIIB (updates as of 2021) About […]
Securities and Exchange Board of India (SEBI)
Context: Recently, Madhabi Puri Buch, former whole-time member of the Securities and Exchange Board of India (SEBI), has been appointed as its new chairperson — the first woman to head the market regulator. She will hold the position for three years. Relevance: GS III- Indian Economy Dimensions of the Article: About Securities and Exchange Board of India Functions of SEBI […]
Core Sector Growth
Context: India’s output from all eight core infrastructure sectors surpassed pre-pandemic production levels this January, even as the pace of growth slowed marginally to 3.7% from a 4.1% uptick recorded in December 2021. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Inflation) Dimensions of the Article: What is Index of Industrial Production (IIP)? […]
SWIFT
Context: The U.S., Europe and several other western nations are moving to exclude Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), an international network for banks to facilitate smooth money transactions globally. This could be the strongest economic sanction against Russia over its military moves in Ukraine, as it will potentially cut off the […]
Non Fungible Tokens
Context: NFTs are gaining massive popularity now because they are becoming an increasingly popular way to showcase and sell digital artwork. Relevance: GS III- Indian Economy (Money and Banking) Dimensions of the Article: What are Non fungible tokens( NFTs)? How do NFTs work? Difference between NFT and cryptocurrency Risks associated with buying NFTs What are […]
India-UAE Virtual Summit
Context: India and UAE signed the historic Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting the merchandise trade between the two countries to US$ 100 billion over next five years. The deal was signed during the virtual summit meeting between Hon’ble Prime Minister of India, Shri Narendra Modi and H.E. Sheikh Mohamed bin Zayed Al […]
Initial Public Offering
Context: Recently, the government-owned Life Insurance Corporation of India (LIC) filed its Draft Red Herring Prospectus (DRHP) for its mega Initial Public Offering (IPO) with the Securities and Exchange Board of India (SEBI). LIC is fully owned by the government. It was set up in 1956. It has the biggest share in India’s insurance business. Relevance: GS III- Indian Economy (Capital Market) […]
Inflation Edges Past 6% in January
Context: India’s retail inflation accelerated past the 6% mark in January to hit 6.01%, breaching the central bank’s tolerance threshold for consumer price inflation for the first time since June 2021. Retail inflation was 5.66% in December 2021. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Fiscal Policy, Taxation) Dimensions of the Article: What is […]
IIP Growth Slowed to 0.4% in December
Context: India’s industrial recovery slowed sharply in December, with output growing just 0.4% year-on-year, and manufacturing activity contracting 0.1%, as per official estimates for the Index of Industrial Production (IIP). Electricity output grew 2.8%, while mining activity rose 2.6%. Data shows capital goods, consumer durables output shrank signalling poor investment, consumption Relevance: GS-III: Indian Economy (Growth and Development […]
Why Has RBI Opted for Status Quo Again?
Context: Signalling that the country is not yet ready for a monetary tightening or a hike in interest rates, the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept key policy rates – Repo rate, Reverse repo rate and the Bank rate – unchanged for the 10th time in a row, and retained the accommodative policy stance. […]