Monetary Policy Committee’s Recent Stance
Context: The RBI’s Monetary Policy Committee (MPC) has judiciously chosen to adhere to its goal of ‘ensuring that inflation progressively aligns to the target’ by maintaining benchmark interest rates unchanged and sticking to its ‘withdrawal of accommodation’ stance. With a 5-1 majority, the MPC has committed to maintaining a clearly disinflationary monetary policy to anchor inflation expectations, […]
FDI in Defence Sector
Focus: GS-III: Indian Economy (Growth and Development of Indian Economy, External Sector) Why in News? As per the information provided by the Defence Minister, so far, Rs 5,077 crore worth of FDI has been reported by companies operating in the defence sector. Details: About Foreign Direct Investment (FDI) FDI in India FDI Routes in India […]
About FAME India Scheme
Focus: GS III- Indian Economy (Infrastructure) Why in News? The Ministry of Heavy Industries has increased the scheme outlay of FAME India scheme Phase II from ₹10,000 crore to ₹11,500 crore. About FAME-II Revamped FAME-II scheme
Periodic Labour Force Survey 2022-23
Context: The Periodic Labour Force Survey (PLFS) is conducted by the Ministry of Statistics & Programme Implementation (MoSPI) and the survey period is July to June every year. Relevance: GS III: Indian Economy Dimensions of the Article: Details of the PLFS -2022-23: Definition of Unemployment: Measurement of Unemployment Rate: Periodic Labour Force Survey (PLFS) Overview: […]
RBI’s Inflation Target
Context: Recently, the Reserve Bank Governor Shaktikanta Das on Thursday emphasised on achieving the four-per cent inflation target for providing the necessary bedrock for sustainable growth. Relevance: GS III: Indian Economy Dimensions of the Article: Monetary Policy Review Understanding Inflation: Definition and Impact Definition of Inflation: Impact of Inflation in India: Causes of Inflation: Methodology […]
Logistics Performance Index LPI Report
Focus: GS III: Indian Economy Why in News? The Gati Shakti, a National Master Plan for multimodal connectivity has significantly contributed to the improvement of India’s rank in World Bank’s Logistics Performance Index Report 2023. About PM Gati Shakti: About Logistics Performance Index (LPI):
RBI Keeps Repo Rate Unchanged
Context: The Reserve Bank of India, in its recently published bi-monthly monetary policy announced to keep the repo rate unchanged at 6.5 percent. Relevance: GS III- Indian Economy Dimensions of the Article: What is the repo rate? Why is the repo rate such a crucial monetary tool? How does the repo rate work? What impact […]
India-China Trade Reach Record Levels
Context: The India and China bilateral trade hits record in 2023, which surpassed the figures in 2022. Relevance: GS-III: Indian Economy (International trade), GS-II: International Relations (India and its Neighbors) Dimensions of the Article: Highlights of the latest data on India-China trade in 2023: Understanding what we import and what we export to China India’s […]
Need to Push Investment in Research and Development
Context: Recently, the Government of India presented the Interim Budget in the Parliament for the year 2024-25. Relevance: GS Paper-3: Indian Economy and issues relating to Planning, Mobilization of Resources; Government Budgeting; Science and Technology- Developments and their Applications and Effects in Everyday Life Dimensions of the Article: Budget: Allocation of funds for R&D: Present […]
Need To Restore WTO’s Authority
Context: Many countries have found an easy way to avoid complying with the WTO panel rulings making the body toothless. Relevance: GS III: Indian Economy Dimensions of the Article: WTO’s dispute settlement mechanism (DSM): World Trade Organization (WTO) Origin of WTO Functions of WTO Subsidies under WTO Amber Box Subsidies: Blue Box Subsidies: Green Box […]