India’s Trade Deficit Context: The chasm between exports and imports has widened in the first quarter of this year, with the cumulative trade deficit already hitting $70 billion, translating into an average of $23.3 billion a month. Background: While the crisis between Russia and Ukraine […]
Bharat New Car Assessment Program (Bharat-NCAP) Context: Recently, Union Minister Nitin Gadkari approved a Draft GSR (general statutory rules) Notification seeking comments on a proposal to introduce the Bharat New Car Assessment Program (Bharat-NCAP). About: The New Car Assessment Programs (NCAP), which are based on […]
‘MSP should continue till markets become efficient’ For Prelims MSP recommended by Commission for Agricultural Costs & Prices (CACP) which is under the Ministry of Agriculture and Farmers Welfare. MSP given to 23 different crops. Final MSP is decided by Cabinet Committee on Economic Affairs […]
The Relentless March of FPIs to the Exit Gate For Prelims Foreign portfolio investments consist of securities and other financial assets that are held passively by a foreign investor. This does not provide the foreign investor with direct ownership of the financial asset in question. […]
Indian Aviation Needs a Strong and Steady Tailwind For Mains Concern The growth in aviation has been hindered by regulations, tough barriers for new entrants, high fuel prices due to high taxes, and inefficient public sector airports which have led to monopoly airports that extort […]
Sovereign Gold Bond Context: The Government of India has notified that the Sovereign Gold bonds are open for subscription. The issue price of the Sovereign Gold Bond during the subscription period will be Rs.5091. About Sovereign Gold Bond The Sovereign Gold Bond is issued by […]
Takeaways for India From the WTO Ministerial Conference Context: • Recently, member countries of the 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 […]
Linking Credit Cards with UPI Context: The Reserve Bank of India has proposed to allow linking of credit cards with the Unified Payments Interface platform. About the move: The credit cards which are issued by National Payments Corporation of India (NPCI) will be the first […]
Crashing Crypto Market Context: Bitcoin has lost more than two-thirds of its value while Ethereum has lost almost 80% from its peak. As a result, the overall market capitalisation of cryptocurrencies has dropped under $1 trillion for the first time since January 2021. Why this […]
Right to Repair Context: The U.S. state of New York recently passed the Fair Repair Act, which requires manufacturers to supply repair information, tools, and parts to independent repair shops and not just their own stores or partners. About: Only the domestic situation of the […]