Rebuilding Trust in Data: Analyzing the New Standing Committee on Statistics Context: The establishment of a new Standing Committee on Statistics (SCoS) by the Ministry of Statistics and Programme Implementation in India that is tasked with advising on official data, including household surveys conducted by […]
Indian economy resilient despite global risks: RBI Context : The Reserve Bank of India (RBI) stated in its biannual Financial Stability Report (FSR) on Wednesday that the Indian economy and domestic financial system remain robust despite the increased uncertainties facing the global economy. What is […]
Forex Reserve: #GS III #Indian Economy Topic Indian Economy Foreign exchange reserves: A central bank may hold assets in foreign currencies as reserves, such as bonds, treasury bills, and other government securities. It should be emphasised that the majority of foreign exchange reserves are held […]
Fiscal Deficit: #GS III #Indian Economy Topic Indian Economy The definition of a fiscal deficit is: The fiscal deficit is the difference between all of the government’s expenditures and all of its receipts (excluding borrowing). A fiscal imbalance occurs when this expense outweighs the […]
SWAMIH Investment Funds: #GS III #Indian Economy Topic Indian Economy Context: In order to provide priority debt financing for the completion of stressed, brownfield, and residential projects that are approved by the Real Estate Regulatory Authority (RERA) and fall under the affordable, middle-income housing category, […]
Details of the Blue Economy: #GS III #Indian Economy Topic Indian Economy Context: Bengaluru recently hosted a meeting of the G20 Environmental and Climate Sustainability Working Group. The three topics that came up the most during the Indian presidency were land degradation, the blue economy, […]
Hindu Rate of Growth: #GS III #Indian Economy Topic Indian Economy Context: Raghuram Rajan, a former governor of the Reserve Bank, has warned that, in light of restrained private sector investment, high interest rates, and a slowing global economy, India is “dangerously near” to attaining […]
About the Gift City # GS III Indian Economy Context: The first international educational institutions to establish campuses in GIFT City, Gujarat, will be two Australian government universities: Deakin University and University of Wollongong. Together with former Australian cricketer Adam Gilchrist and Australia’s Minister […]
Coin Vending Machines: #GS III #Indian Economy Topic Indian Economy: Context: ∙In a recent speech to the Monetary Policy Committee (MPC), RBI Governor Shaktikanta Das said that the bank’s top regulator will begin a pilot project with banks to evaluate the effectiveness of a coin-dispensing machine based on QR codes. ∙Simply described, the vending machines would instead issue coins with the necessary amount being debited from the customer’s account via United Payments Interface rather […]
GST Council Context: The Goods and Services Tax (GST) Council on Saturday clarified tax provisions on items ranging from fryums to sport utility vehicles (SUVs) to reduce disputes. It also approved decriminalisation of some offences but could not find the time to discuss half its […]