What is Retail Inflation?
Context: India’s retail inflation eased marginally to 7.04% in May from the nearly eight-year high of 7.79% in April, reflecting a persistent uptick of over 6% in prices paid by consumers for the fifth successive month. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Fiscal Policy, Taxation) Dimensions of the Article: What is […]
Indian Crude Oil Basket Touches 10 Year High
Context: The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen. Relevance: GS-III: Indian Economy (International Trade, Mobilization of Resources, Growth and Development of Indian Economy) Dimensions of the Article: Key Points How are high crude […]
Monetary Tightening And Its Impact on Growth
Context A rate hike in the monetary policy committee’s June meeting was a foregone conclusion after the spike in inflation and an off-cycle surprise interest rate hike on May 4. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment Dimensions of the Article Reasons fast forwarding of Interest Rate Hike […]
RBI Plan to Link Credit Cards With UPI
Context: The Reserve Bank of India has proposed to allow the linking of credit cards with the Unified Payments Interface (UPI). Relevance: GS III- Indian Economy Dimensions of the Article: Details What is Unified Payments Interface (UPI)? What is the significance of the move? What could be the hurdles? Details: The integration will first begin […]
RBI Rate Hike and Its Impact
Context: In its bi-monthly review, the Reserve Bank of India hiked the repo rate by another 50 basis points. This move, and the RBI’s focus on the withdrawal of its accommodative policy, both in response to rising inflation, are expected to lead to a further rise in interest rates in the banking system. Relevance: GS […]
What are Bad Banks?
Context: Recently, Finance Minister announced that the National Asset Reconstruction Company (NARCL) along with the India Debt Resolution Company (IDRCL) will take over the first set of bad loans from banks and try to resolve them. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, NPAs, Banking) Dimensions of the Article: NPA stress in […]
How to Keep Inflation Under Control
Context The economy now seems to be largely out of the shadow of Covid-19, and only a notch better than in 2019-20. But the big question remains: can India rein in the raging inflation that is at 7.8 per cent (CPI for April 2022), with food CPI at 8.4 percent, and WPI at more than […]
GST Council Must Uphold Fiscal Federalism
Context The recent ruling of the Supreme Court held that the states were free to use means of persuasion ranging from collaboration to contestation. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment, Government Budgeting Dimensions of the Article Simultaneous or concurrent powers under Article 246A Composition of GST Council […]
Unicorn Boom in India
Context Prime Minister has praised India’s startup ecosystem as he highlighted that the country has reached a landmark figure of 100 unicorns with a valuation of more than $300 billion. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article What is a Unicorn Startup? When was […]
What is Gig Economy?
Context: The Union Labour Ministry is organizing a program aimed at sharing information and good experiences on policies and global practices relating to gig and platform workers and their social security. Relevance: GS III- Indian Economy Dimensions of the Article: What is Gig Economy? Advantages of Gig economy. Challenges related to Gig economy Measures to […]