K SHAPED RECOVERY Subject: Economics Concept: A K-shaped recovery occurs when an economy recuperates unevenly, and there’s a separate trajectory for two segments of the society. While the financial markets recover and grow, the real economy, or the flow of goods and services, gets worse. That’s worrying, because 84% of the stock market […]
P – NOTES Subject: Economics Context: Data show that ₹87,132 crore ($11.6 billion approx) worth of P-note positions were outstanding as of December 2020. Concept: A promissory note is an instrument in writing (not being a bank note or a currency note) containing an unconditional undertaking, signed by the maker, to pay a […]
INSIDER TRADING Subject: Economics Context : The Andhra Pradesh High Court on Wednesday quashed cases filed by the CID alleging insider trading in land transactions — during the tenure of the Telugu Desam Party. Concept: Insider trading is the buying or selling of a publicly-traded company’s shares/debt papers by someone who has […]
LIMITED LIABILITY PARTNERSHIP Subject : Economics Context :Decriminalising various offences and permitting LLPs to issue non-convertible debentures are among the changes being proposed under the Limited Liability Partnership (LLP) Act. Concept : LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of […]
FOLLOW ON PUBLIC OFFER Subject : Economics Context :Capital markets watchdog SEBI relaxed the framework for follow-on public offers (FPOs), a move that will help promoters of companies to raise funds more easily through this route. Concept : The applicability of minimum promoters’ contribution norm and the subsequent lock-in requirements for the issuers […]
GROSS VALUE ADDED Subject : Economics Context : The 7.2% fall in gross value added (GVA) for 2020-21, as per the National Statistical Office’s first advance estimates released on Thursday, would be the sharpest ever recorded in India. Concept : Gross Value Added In 2015, India opted to make major changes to its […]
FIRST ADVANCE ESTIMATES Subject : Economics Context : Pulled down by a sharp contraction in the services, manufacturing and mining sectors, India’s gross domestic product (GDP) will contract 7.7 per cent in the current financial year as against a growth of 4.2 per cent in the previous fiscal. Concept : National Statistical Office […]
FIAT MONEY Subject: Economics Context: There are parallels between bitcoin and gold. Both are the opposite of fiat money—i.e., their value is independent of any controlling authority—and both have a limited stock of supply. Concept: Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, […]
INSIDER TRADING Subject: Economics Context: The Securities and Exchange Board of India (Sebi) imposed penalties totaling Rs 70 crore on Reliance Industries Ltd (RIL), its chairman & managing director and two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) in November 2007. Concept: The RPL case […]
INFLATION EXPECTATIONS OF HOUSEHOLD SURVEY Subject : Economics Context : The Reserve Bank of India (RBI) announced the launch of the next round of household surveys to capture inflation expectations and consumer confidence, which provide useful inputs for its monetary policy. Concept : RBI said it aims to capture subjective assessments on price […]