Subject: Economics Context: During April-September 2020, India attracted FDI worth $7.12 billion from the U.S. and $2 billion from Mauritius, which slipped to fourth position, the DPIIT (Department for Promotion of Industry and Internal Trade) data showed. Concept: Key Takeaways: The U.S. has emerged as the second biggest source of foreign direct investment (FDI) into […]
Subject: Economics Context: The weakness in the dollar following the large stimulus rolled out by the US has resulted in currencies of most emerging economies strengthening sharply from April this year. Yet, the rupee has been the worst performer among Asian currencies in 2020, losing 3.59 per cent against the greenback. Concept: This is despite […]
Subject: Economics Context: The IIP manufacturing and manufacturing GVA growth are highly correlated (almost 0.9) and this correlation collapsed in Q2 when IIP manufacturing declined by 6.7% (average of July, August and September) while manufacturing GVA grew by 0.6%. Concept: Gross Value Added: As per the SNA, GVA is defined as the value of output […]
Subject : Economics Context :The Union Government’s fiscal deficit further widened to ₹9.53 lakh crore, or close to 120% of the annual budget estimate, at the end of October of the current fiscal, according to official data released. Concept : The deficit widened mainly due to poor revenue realisation according to official sources. Fiscal Deficit […]
Subject : Economics Context : CPSEs must have Market Capitalization targets : DIPAM. Concept : DIPAM has also asked public sector enterprises to engage with investors “consistently and transparently” to improve market capitalization. It has also asked them to pay interim dividends to reward shareholders. Market Capitalization : Market capitalization is the aggregate valuation of […]
Subject: Economics Context : The National Payments Corporation of India (NPCI) has completed private placement of 4.63% of its equity shares worth ₹81.64 crore. Concept : When a company issues financial securities such as shares and convertible securities to a particular group of investors (not more than 49 in number) it is known as private […]
Subject: Economics Context: Foreign portfolio investors (FPIs) have been making record investments in Indian equities the last few weeks taking their exposure to a lifetime high of about ₹1.5-lakh crore in the eight months into the current fiscal year. Concept: Foreign portfolio investment (FPI) consists of securities and other financial assets passively held by foreign […]
Subject : Economics Context : The internal working group of Reserve Bank of India (RBI) suggested that large Non-Banking Financial Company (NBFCs) can convert into banks if they fulfill certain criteria. Concept : Well run large NBFCs, with an asset size of ₹50,000 crore and above, including those which are owned by a corporate house, […]
Subject : Economics Context :The rubber goods industry, especially the non-tyre segment, is worried over the irrational duty structure that has put several domestic manufacturing units in a precarious position. Concept : Inverted duty structure (IDS) is a situation where the rate of tax on inputs used is higher than the rate of tax on […]
Subject: Economics Context: China sold negative-yield debt for the first time, and this saw a high demand from investors across Europe. As yields in Europe are even lower, there was a huge demand for the 4-billion-euro bonds issued by China. Concept: China’s 5-year bond was priced with a yield of –0.152%, and the 10-year and […]