The success of the production-linked incentive (PLI) scheme Context: Raghuram Rajan, a former governor of the Reserve Bank of India (RBI), recently questioned the PLI scheme’s effectiveness in stimulating local manufacturing and exports in India. The Centre unveiled the PLI programme in 2020. Thousands of […]
Return of ₹2,000 Currency Notes Context: According to a research report, the Reserve Bank of India’s (RBI) decision to withdraw 2,000 rupee notes could increase banks’ deposit bases and liquidity in the money markets by anywhere from 40,000 billion rupees to 1.1 lakh billion rupees, […]