India’s Jobs Crisis- the Macroeconomic Reasons
Context: There are numerous signs indicating that India is currently grappling with a significant employment crisis. Both official data sources and numerous firsthand reports on the ground confirm this reality. There is a need to discuss in detail the macroeconomic factors contributing to this crisis. Relevance: GS2- Indian Economy- Indian Economy and issues relating to […]
T+0- Instant Settlement Cycle
Context: The Securities and Exchange Board of India (SEBI) has put forth a proposal to introduce a facility for clearing and settlement of funds and securities on T+0 (same day), providing an optional instant settlement cycle. This initiative aims to complement the existing T+1 settlement cycle in the secondary markets for the equity cash segment. […]
Internationalisation of the Rupee
Context: In a significant development in the realm of global trade and finance, India has achieved a historic milestone by making its inaugural payment for oil to the United Arab Emirates (UAE) in rupees. This marks a potential turning point in the endeavor to establish the rupee as a prominent global currency. Relevance: GS3- Indian Economy- […]
A New Economics for Inclusive Growth
Context: The inadequacy of jobs and incomes is identified as a critical vulnerability in India’s economy. The evidence is apparent beyond the confines of economists’ datasets. Farmers are advocating for improved prices, while workers in the informal sector and contractual roles are pushing for fair wages and social security. The state of the economy appears […]
Significance of Small Businesses in an Economy
Context: There has been a significant surge in micro-venture capital funding in India. Amidst various investors in the startup ecosystem, including angels, incubators, accelerators, family offices, India-focused large funds, and global VC funds, micro-VCs have gained prominence. According to Praxis, their number has increased from around 30 in 2014 to 90 in 2020. Relevance: GS3- Indian […]
International Monetary Fund’s Sovereign Debt Risk Assessment
Context: In the context of its Articles of Agreement, the International Monetary Fund (IMF) engages in annual bilateral discussions with its member countries. During these discussions, IMF staff gathers economic and financial data, engages in policy discussions with top officials, and subsequently compiles a report for review by the Fund’s executive board. Last Friday, the Finance Ministry released […]
National Cooperative Exports Limited (NCEL)
Context: Recently, the Union Minister of Cooperation informed the Lok Sabha about the National Cooperative Exports Limited. Relevance: GS III: Indian Economy Dimensions of the Article: About the National Cooperative Exports Limited (NCEL): Types of Members: Ordinary Members: Nominal or Associate Member: -Source: The Hindu, PIB
Alternative Investment Fund
Context: The Reserve Bank of India (RBI) has issued a directive to Regulated Entities (REs), including banks, non-banking financial companies (NBFCs), and other lenders, prohibiting them from investing in alternative investment funds (AIFs) schemes that have downstream investments in debtor companies. This move is aimed at addressing concerns related to the evergreening of stressed loans. […]
Coal Market Outlook: A Structural Shift by 2026
Context: The International Energy Agency (IEA) projects a substantial decline in global coal demand by 2026, attributing this shift to the expansion of renewable energy and increased nuclear generation in key regions. Relevance: GS III: Energy Dimensions of the Article: Key Highlights of the Coal Market Report Global Coal Demand Trends: Anticipated Decline in Coal […]
What is a Social Stock Exchange?
Context: Recently, the Unnati Foundation became the first entity to list on the social stock exchanges (SSE). Relevance: GS III: Indian Economy Dimensions of the Article: What is a Social Stock Exchange? Eligibility -Source: Indian Express