The Repo Rate in India
Context: Recently, the Reserve Bank of India, in a surprise move, announced that the bank’s Monetary Policy Committee (MPC) had held an ‘off-cycle’ meeting at which it had decided unanimously to raise the “policy repo rate by 40 basis points to 4.40%, with immediate effect”. Relevance: GS III- Indian Economy Dimensions of the Article: What is […]
Employees Provident Fund Organisation (EPFO)
Focus: GS III- Indian Economy Why in News? EPFO now offers an annual interest rate of 8.5 percent. About Employees’ Provident Fund Organisation (EPFO) Nodal: Ministry of Labour & Employment It is a government organization that manages provident fund and pension accounts of member employees and implements the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952. The Employees’ Provident […]
Brace For Higher Interest Rates
Context Inflation has now remained above the RBI’s upper tolerance limit of 6 per cent for four months in a row. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Broad Based Inflation Inflation Targeting by the RBI Implications Way Forward Broad Based Inflation The second-order impact of […]
Monetary Policy Alone Won’t Bring Down Inflation
Context The Reserve Bank of India (RBI) last week raised both policy rates and cut back liquidity in a surprise inter-meeting decision. The forcefulness and urgency of the policy shift have been seen as a signal of the RBI’s renewed commitment to fighting inflation via aggressive monetary tightening in the coming months. Relevance GS-III: Indian […]
India Must Seize The Trade Opportunity Opening Now
Context Slower global growth, an adverse geopolitical environment, the shadow of recurring waves of the pandemic and prolonged supply chain issues are likely to weigh on export growth this year. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Trade Growth in 2021 and Uncertainties in […]
Foreign Contribution (Regulation) Act (FCRA)
Context: The Central Bureau of Investigation has arrested four current and two former officials of the Foreign Contribution (Regulation) Act (FCRA) division of the Union Home Ministry, along with eight others, for allegedly facilitating illegal clearances to non-governmental organisations (NGOs) under the Act, in lieu of bribes. Relevance: GS-II: Polity and Governance (Government Policies & […]
Control Inflation by Acting on Liquidity
Context The recent action of the Reserve Bank of India (RBI) to raise the repo rate by 40 basis points and cash reserve ratio (CRR) by 50 basis points is a recognition of the serious situation with respect to inflation in our country and the resolve to tackle inflation. Relevance GS-III: Indian Economy and issues […]
Depreciation of Indian Rupee
Context: The Indian rupee fell to an all-time low of 77.44 against the U.S. Dollar. Relevance: GS-III: Indian Economy (Capital Market, Fiscal Policy and Monetary Policy) Dimensions of the Article: What is Currency Depreciation and what are it causes Impact of the drop Reasons for Current Depreciation of Indian Rupee What is Currency Depreciation and what […]
Let’s Make GST a Good and Simple Tax
Context The GST has been a remarkable achievement and a unique experiment in cooperative federalism. In this, both the Union and the state governments gave up their tax autonomy in favour of harmonising domestic trade taxes. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Multiple […]
Purchasing Managers Index
Context: According to the S&P Global India Manufacturing Purchasing Managers’ Index (PMI), new orders and output in India’s manufacturing sector increased slightly in April 2022, rising to 54.7 from 54 in March 2022. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources) Dimensions of the Article: What is Purchasing Managers’ Index […]