The Pakistan And IMF Talks
Context: Recently, the staff-level talks between Pakistan and the International Monetary Fund (IMF) concluded for the seventh and eighth review under Extended Fund Facility (EFF). Relevance: GS III- Indian Economy Dimensions of the Article: About International Monetary Fund (IMF) What was the Extended Fund Facility (EFF)? How important is the IMF support to Pakistan? Why […]
Concerns Over Current Account Deficit
Context In its latest review of the economy the Finance Ministry is sanguine about India’s economic recovery and has asserted that major macro-economic risks have subsided over the past six weeks. The Finance Ministry has asserted that the current account deficit (CAD) could, however, deteriorate this year mainly due to rising trade deficits Relevance GS Paper […]
Increase in Current Account Deficit
Context: The Finance Ministry has asserted that the current account deficit (CAD) could, however, deteriorate this year mainly due to rising trade deficits. Relevance: GS III- Indian Economy (Growth and Development) Dimensions of the Article: What is the Current Account Deficit? What is Balance of Payments? What has been the recent trend? What are the […]
Centre’s Push for Labour Codes
Context: With the rollout of the labour codes getting delayed due to the pandemic, renewed deliberations are underway at the highest levels of government on a fresh implementation schedule, amid divergent views on whether to push through all four codes simultaneously or opt for the more practical option of staggering them. Relevance: GS-II: Social Justice […]
What Is The Sarfaesi Act?
Context: Banks have invoked the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act against telecom infrastructure provider GTL to recover their pending dues.Context: GS III- Indian Economy Dimensions of the Article: What is the Sarfaesi Act? Why was such a law needed? What powers do banks have under the law? […]
PM SVANidhi
Focus: GS-II Social Justice, GS-III India Economy Why in News? The Minister for Housing and Urban Affairs, launches ‘SVANidhi Mahotsav’ – a cultural festival for celebrating the success of PM SVANidhi Scheme PM Street Vendor’s Atmanitbhar Nidhi (PM SVANidhi) PM SVANidhi is a Special Micro-Credit Facility. PM SVANidhi was launched by the Ministry of Housing […]
Exit of Foreign Portfolio Investors
Context: June 2022 witnessed the worst Exit of Foreign Portfolio Investor (FPI) selloff since March 2020 when India announced a nationwide lockdown at Rs. 50,000 crore. June was also the ninth on the trot that FPIs had sold net of their assets i.e. sold more than they had purchased. Relevance: GS III- Indian Economy (Capital […]
The DESH Bill: Overhauling Machinery For SEZ’s
Context The Centre intends to introduce the Development of Enterprise and Service Hubs (DESH) Bill in the Parliament’s monsoon session, which will overhaul the special economic zones (SEZ) legislation. Relevance: Mains Paper 3: Effects of Liberalization on The Economy, Changes in Industrial Policy and their effects on Industrial Growth Mains Question: What are the current […]
What are Critical Minerals?
Context: India and Australia have decided to strengthen their partnership in the field of projects and supply chains for critical minerals. Relevance: GS III- Indian Economy Dimensions of the Article: What are Critical Minerals? Why is this resource critical? What is China ‘threat’? What are countries around the world doing about it? What are Critical […]
Purchasing Managers Index
Context: India’s services firms saw growth in new business and output accelerate to a 11-year high in June, as per the survey-based S&P Global India Services Purchasing Managers Index (PMI). The index rose to 59.2 last month, from 58.9 in May, signalling a strengthening in demand across the services sector, which had borne the brunt […]