Japan Slips into Recession
Context: Japan unexpectedly slipped into a recession at the end of last year thus, losing its title as the world’s third-biggest economy to Germany. As per the Government’s data, Japan’s gross domestic product (GDP) fell an annualised 0.4% in the October-December period after a 3.3% slump in the previous quarter Relevance: GS Paper 3: Indian […]
India Needs Deep Industrialisation
Context: The outlook for our economic future has been reshaped by the COVID-19 pandemic. Globalization is now receding, making way for the resurgence of industrial policies and strategic state-led economic interventions worldwide. While India has sustained its growth momentum and rebounded relatively swiftly from the pandemic, it has entered a phase of ‘premature deindustrialization.’ Relevance: GS3- […]
Establishing Real-Time Payment Link Between India and US
Context: The National Payments Corporation of India (NPCI) is set to establish real-time payment link between India and the US. Relevance: GS III: Indian Economy National Payments Corporation of India (NPCI): -Source: The Indian Express, Hindustan Times
RBI Suggests Lower Borrowings to Boost Growth Ease Inflation
Context: Recently, the Reserve Bank of India (RBI) said that lower borrowings to increase growth and ease inflation. Relevance: GS Paper-3: Indian Economy and issues relating to planning, mobilization of resources, growth, development, and employment Dimensions of the Article: Public Debt in India Sources of Public Debt Fiscal Deficit THE THREE PILLARS FOR REDUCING PUBLIC […]
About Index of Eight Core Industries in 2023
Focus:GS III- Indian Economy Why in News? The Quick Estimates of Index of Industrial Production (IIP) for the month of December 2023 stands at 151.5. About Index of Eight Core Industries: Released by: The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade Base year: 2011-12 Below image attached Eight Core Industries based on […]
India’s Minerals Security Partnership to Secure Critical Mineral
Context: As an effort to help the central public sector undertakings or PSUs to acquire critical mineral assets abroad, the Ministry of Mines in an US-led Minerals Security Partnership, proposed to circulate critical mineral block proposals received by partner countries with the PSUs. Relevance: GS III- Indian Economy Dimensions of the Article: Details: What are […]
Surge in Engineering Goods export to Russia
Context: As Russia-Ukraine war enters its third year, the export of Engineering goods to Russia has increased significantly. Relevance: GS III: Indian economy Dimensions of the Article: Details: Current Scenario of Indian Export The current scenario of Indian exports indicates a series of decelerations in both goods and services exports: Goods Export Performance: Services Export […]
UPI services to be launched in Sri Lanka and Mauritius
Context: India’s Unified Payment Interface (UPI) services will be launched in Sri Lanka and Mauritius on February 12, 2024. Relevance: GS3-Indian Economy Dimensions of the Article: About UPI: About the National Payments Corporation of India (NPCI): Positive Impacts of UPI: Negative Impacts of UPI: Way Forward: These measures can contribute to a seamless and secure […]
The Impact and Evolution of Insolvency and Bankruptcy Code 2016
Context: The enactment of the Insolvency and Bankruptcy Code (IBC) in 2016 represents a significant turning point in recent Indian legislative history. Designed to enhance and accelerate the resolution process for financially troubled businesses, the IBC has had profound effects on India’s economic landscape and global standing. Relevance: GS3- Indian Economy GS2- Government Policies & Interventions […]
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, […]