DPN
Why Liberia might relocate its capital city Monrovia Sub: IR Sec: Places in news Context: Senators in Liberia have proposed relocating the capital city Monrovia due to recurring flash floods. The proposal follows torrential rains that caused flash floods, affecting over 50,000 people. Monrovia, home to 1.5 million people and located on the […]
No case is made out for special category status for Bihar, Govt tells Parliament Sub: Polity Sec: Federalism Context: On the eve of the Union Budget presentation, the government told Parliament on Monday that the case for special category status for Bihar is not made out. Details: The minister said the special category […]
Coal India bags first critical mineral asset Subject: Geo Sec: Eco Geo Context: The first critical mineral asset, a graphite block, in Madhya Pradesh. Owning a graphite asset will give Coal India an advantage in powering green energy transition momentum to an extent, according to a statement. Coal India Ltd (CIL) has successfully […]
Finance Minister Nirmala Sitharaman will present the first Budget of the third successive government under the leadership of Prime Minister Narendra Modi Subject: Economy Sec: National Income Context: Budget presentation is typically a quinquennial event in India. Once every five years, the Union Budget is presented twice — first as an interim budget (in […]
Economic Survey 2023-24 key takeaways Sub: Eco Sec: National Income The key takeaways of Economic Survey 2023-24 Economic Growth The survey projects a real GDP growth rate for the current financial year (FY 2024-25) between 6.5% and 7%, slightly lower than the 8.2 per cent growth estimated for the previous financial year. Domestic […]
What is the economic survey Sub: Eco Sec: National Income The Economic Survey is a detailed annual document prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance. It is formulated under the supervision of the Chief Economic Advisor (V Anantha Nageswaran is the current CEA of […]
Daily Prelims Notes 23 July 2024 Table Of Contents What is the economic survey Economic Survey 2023-24 key takeaways Finance Minister Nirmala Sitharaman will present the first Budget of the third successive government under the leadership of Prime Minister Narendra Modi Coal India bags first critical mineral asset No case is made out […]
SEBI’s Proposal for a New Investment Product Between Mutual Funds and PMS Sub: Eco Sec: Capital markets SEBI’s New Proposal: Introduction: SEBI is considering a new investment product that lies between mutual funds (MFs) and portfolio management services (PMS). Objective: To provide investors with a new avenue to diversify their portfolios by investing […]
S&P 500’s 7 Shooting Stars Sub: Eco Sec : Capital markets High Interest Rates and Stock Performance: Typical Correlation: Historically high interest rates are generally associated with poor stock performance. Reason: Higher interest rates lead to higher borrowing costs and lower business profits. Risk-Free Rate Impact: As the risk-free rate rises, the expected […]
PPF Returns Still Languishing Lower than Formula-Based Rates Sub: Eco Sec: Monetary Policy Interest Rates Below Formula-Based Rates: The Public Provident Fund (PPF) and five-year recurring deposits (RD) are earning rates lower than the formula-based system adopted since April 2016. PPF Rate Static at 7.1% since April 2020. Five-Year RD Rate gradually increased […]