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Commodity Markets Outlook Report

Context: The World Bank has published the Commodity Markets Outlook report. Relevance: GS III: Indian Economy Dimensions of the Article: Commodity Markets Outlook Report The Commodity Markets Outlook report offers insights into various commodity groups, including energy, metals, agriculture, precious metals, and fertilizers. This report serves as a valuable resource for understanding and analyzing global […]

Renewed Risks on the Economic Outlook for 2023-24

Context: On October 6, the Reserve Bank of India (RBI) maintained its GDP growth projection for the year at 6.5%. This outlook was based on a balance of factors. While there were risks stemming from geopolitical tensions, economic fragmentation, volatile financial markets, and an uneven monsoon, these were offset by the strengthening domestic demand. Relevance: […]

India’s Growing Contribution to Global Economic Growth

Context: According to the IMF, India’s contribution to global economic growth is forecasted to increase by 2%. India’s current 16% contribution is projected to grow to 18% over the next five years. This expected growth is attributed to India’s faster economic expansion. Relevance: GS III: Indian Economy Dimensions of the Article: Factors Contributing to India’s […]

Role of Banks in a Knowledge Economy

Context: Intellectual property (IP)-based debt financing presents a significant opportunity for Indian banks to expand their balance sheets and increase their interest income. Recognizing the crucial role of IP rights in propelling India towards its goal of becoming a developed economy, the country, with its emphasis on knowledge and innovation, stands at an advantageous position. Relevance: GS3- […]

GI tag for Arunachal Yak Churpi

Context: Recently, the Jaderi namakatti was given the GI tag by the Geographical Indications Registry in Chennai. Relevance: GS III: Indian Economy Dimensions of the Article: Jaderi Namakatti: A Traditional Clay Craft Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry:

World Economic Outlook: IMF

Context: Recently, the International Monetary Fund (IMF) has released its World Economic Outlook 2023 titled- Navigating Global Divergence, which stated that the Indian Economy will grow faster than previously estimated. Relevance: GS III: Indian Economy Dimensions of the Article: Key Highlights of the World Economic Outlook: Global GDP Growth Chinese Economy Global Inflation Factors Affecting Growth IMF Recommendations Findings Related […]

About Goan Cashew

Context: Recently, Goan cashew (kernel) got the geographical indication (GI) tag. Relevance: GS III: Indian Economy Dimensions of the Article: Cashew in India Climatic Conditions Geographical Indications (GI) Tag Definition and Importance: Administration and Registration: Significance and Examples: Ownership and Proprietorship: Location of the Geographical Indications Registry: -Source: Indian Express

GI tag for Arunachal Yak Churpi

Context: Arunachal Pradesh has recently received the Geographical Indication (GI) tag for Arunachal Yak Churpi, Khaw Tai (Khamti rice), and Tangsa textile. Relevance: GS III: Indian Economy Dimensions of the Article: Unique Characteristics of Arunachal Yak Churpi: Distinctive Features of Khaw Tai (Khamti Rice): Special Characteristics of Tangsa Textile: Geographical Indications (GI) Tag Definition and Importance: Administration and […]

RBI’s Decision in the Recent MPC Meeting: Keeping Repo Rate Unchanged

Context: Recently, Reserve Bank of India (RBI) in its bimonthly Monetary Policy Committee (MPC) Meeting has retained benchmark interest rates unchanged for the 4th time in a row. The MPC kept the policy Repo Rate Unchanged at 6.50%. Relevance: GS III: Indian Economy Dimensions of the Article: Key Takeaways from the MPC Meeting In the most recent MPC (Monetary Policy Committee) meeting, several […]

Outcome GST Council Meeting

Context: The GST Council, on the last Saturday, addressed numerous ambiguities in tax treatment that have persisted since the launch of the indirect tax regime in July 2017. Relevance: GS3-Economy Mains Question: Stressing on the outcomes of the recent GST Council meeting, analyse what more can be done to address the concerns that still hamper the […]