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. […]
What the Economic Survey says
Context Putting the spotlight on the way forward after the pandemic, the Economic Survey of 2021-22 has analysed aspects such as inflation, global liquidity measures, and rising energy prices to detail the risks for the economy going ahead. It has also taken stock of growing revenues to indicate the availability of fiscal space, should the government see […]
Fortified rice
Context: The Centre has distributed 3.38 lakh metric tonnes of fortified rice till December 2021 through anganwadis and mid-day meal schemes at government schools, according to the Economic Survey. Relevance: GS III- Indian Economy, Public distribution system Dimensions of the article: Key Points About Food Fortification Need for Food Fortification About Fortification of Rice Key […]
India-UAE to Sign Comprehensive Economic Partnership Agreement (CEPA)
Context: India and the United Arab Emirates will sign the first-ever bilateral Free Trade Agreement between the two countries. Relevance: GS-III: Indian Economy (International trade), GS-II: International Relations (Foreign Policies and Agreements Affecting India’s Interests) Dimensions of the Article: About India’s CEPA agreements India-UAE Relations Recent Developments in India-UAE relations About India’s CEPA agreements India […]
Hope amid uncertainty: On IMF World Economic Outlook
Hope amid uncertainty: On IMF World Economic Outlook Context: The International Monetary Fund has lowered its global growth forecast for this year and next in the wake of the pandemic. Relevance: GS Paper 3: Indian Economy (issues re: planning, mobilisation of resources, growth, development, employment); Inclusive growth and issues therein Mains questions: Do you agree […]