NON PRICE COMPETITION Subject : Economics Context : Data privacy can take the form of non-price competition and abuse of dominance can lower privacy protection, a study by the Competition Commission of India (CCI) has said. Concept : The study also made observations about other non-price factors such as quality of service (QoS), […]
STAKEHOLDER CAPITALISM METRICS Subject : Economics Context : 61 business leaders, including members of the World Economic Forum and its International Business Council (IBC), have committed to the core Stakeholder Capitalism Metrics released by the IBC. Concept : Stakeholder Capitalism Metrics offer a set of universal, comparable disclosures focused on people, planet, prosperity […]
OFF BUDGET BORROWINGS Subject : Economics Context : According to the last Budget documents, in the current financial year the Centre was set to borrow Rs 5.36 lakh crore as off – budget borrowings. Concept : Off-budget borrowings are loans that are taken not by the Centre directly, but by another public institution […]
PREFERENTIAL TRANSACTION IN IBC Subject : Economics Concept : Under the Insolvency and Bankruptcy code 2016, section 43 is dealt with Preferences if any given by the Corporate Debtor before and during the insolvency. Success of the insolvency depends upon timely completion of the process of insolvency and also ensures the corporate debtor […]
MCLR vs EXTERNAL BENCHMARK RATE Subject : Economics Concept : Marginal Cost of Lending Rate It is a benchmark lending rate for floating-rate loans which came into effect in 2016. This is the minimum interest rate at which commercial banks can lend. This rate is based on four components—the marginal cost of funds, […]
SENSEX Subject: Economics Context : Launched on January 2, 1986 (base year:1978-79 = 100), the country’s first equity index has risen from 124 in April 1979 to 50,000 today, a compounded annual growth rate of 15.9% over 42 years. Concept : Sensex, otherwise known as the S&P BSE Sensex index, is the benchmark […]
GREEN BONDS Subject: Economics Context: RBI Governor says that the cost of green bond issuance is high in India. Concept: A green bond is like any other regular bond but with one key difference: the money raised by the issuer are earmarked towards financing `green’ projects, i.e. assets or business activities that are […]
V SHAPED RECOVERY Subject : Economics Context : The economy is within striking distance of attaining positive growth, officials of the Reserve Bank of India (RBI) wrote, adding that the letter ‘V’ in the V-shaped recovery stood for vaccine. Concept: V-shaped recovery: It is a scenario in which the economy quickly recoups lost […]
REVENUE DEFICIT Subject : Economics Context : The States are headed for a fourfold expansion in their revenue deficit this fiscal over the last year due to far lesser tax collections, Crisil Ratings said in a report. Concept : Revenue Deficit Revenue deficit is excess of total revenue expenditure of the government over […]
SOFR Subject : Economics Context : State Bank of India (SBI) has executed two inter-bank short term money market deals with pricing linked to SOFR (Secured Overnight Financing Rate). Concept : This follows the U.K.’s Financial Conduct Authority deciding not to compel banks on LIBOR calculation after December. SOFR is a replacement for […]