Table Of Contents GDP contraction Rare RetaiChola era inscription Liquidity infusion by RBI Pangong Tso Stimulus Baltic states Agriculture GDP, LaNina Priority Sector Lending Certificates Core sector 1. GDP contraction Subject: Economy Context: According to data released by the National Statistical Office, India’s GDP growth rate contracted by 23.9% for the April to […]
Subject: Economy Context: According to data released by the Commerce and Industry Ministry, ‘fertiliser’ was the only core sector industry to record an increase in July at 6.9 per cent (1.5 per cent in July 2019). Concept: All the other segments reported a contraction in July — steel (-16.4 per cent), refinery products (-13.9 per […]
Subject: Economy Concept: Priority Sector Lending Certificates (PSLCs) are instruments that enable banks to achieve their priority sector lending targets without actually disbursing loans to sectors outside their comfort zone. PSL certificates allow banks sitting on surplus loans to a priority sector to sell certificates to banks that haven’t met their targets, pocketing a sizeable […]
Subject: Economy/ Geography Context: April-June 2020 is the third straight quarter where the country’s farm sector output has grown at a higher rate than overall GDP in “real” terms Concept: The latest quarterly estimates of GDP released by the National Statistical Office (NSO) shows that the gross value added (GVA) from agriculture, forestry & fishing […]
Subject: IR Context: Baltic states issue travel ban on Belarus President Lukashenko Concept: Baltic states, northeastern region of Europe containing the countries of Estonia, Latvia, and Lithuania, on the eastern shores of the Baltic Sea
Subject: Economy Context: The official estimates of GDP data for April-June revealing the extent of damage the pandemic on the economy which necessitates the second round of fiscal stimulus targeted at the poor. Concept: Economic stimulus is action by the government to encourage private sector economic activity by engaging in targeted, expansionary monetary or fiscal policy based on the […]
Subject: Geography Context: Indian Army thwarted an attempt by China to change the status quo near the Line of Actual Control (LAC) by deploying its troops to a previously un-deployed area on the southern bank of the Pangong Tso Lake in eastern Ladakh. Concept: Pangong Tso is an endorheic lake (landlocked) that is partly in India’s Ladakh region and partly […]
Subject: Economy Context: The Reserve Bank of India (RBI) has announced measures, including two more tranches of ‘Operation Twist’ aggregating Rs 20,000 crore and term repo operations aggregating Rs 1 lakh crore in September RBI has also decided to allow banks to hold fresh acquisitions of statutory liquidity ratio (SLR) securities acquired from September 1, […]
Subject: History Context: A rare inscription dating back to the RenatiChola era has been unearthed in a remote village of Kadapa district of Andhra Pradesh Concept: The inscription was written in archaic Telugu, which was readable in 25 lines — the first side with 11 lines and the remaining on the other side. It was […]