Money Supply and Money Multipler Subject : Economics Context: C Rangarajan, D K Srivastava write: A word of caution, though: With higher expenditure, financed through borrowings, the impact of liquidity expansion on inflation needs to be monitored. Concept : Money Supply: The total stock of money in circulation among the public at a […]
GOVT SEEKS COMMENTS ON PROPOSED REVISION OF WPI Subject: Economics Context: Wholesale price index makeover on the cards, base year to be 2017-18 Concept: The wholesale price index (WPI), the widely tracked inflation indicator, is set for an overhaul with the base year being revised to 2017-18 from 2011-12 and the possibility of […]
INFLATION AND ITS EFFECTS Subject: Economics Context: Global Inflation usually spills over to emerging economies through the commodities channel which is already showing up in the WPI which captures inflation in the producer’s level. Concept: Inflation refers to the rise in the prices of most goods and services of daily or common use, […]
RBI MOPS UP 70 % OF 10 YEAR G-SEC BONDS Subject: Economics Context: The Reserve Bank of India has mopped up about 70 per cent of the benchmark 10-year Government Security (coupon rate: 5.85 per cent) the government has issued since December 1, 2020 Concept: It keeps the G-Sec yields under check and […]
RBI KEEPS REPO RATE UNCHANGED Subject : Economics Context : Recently, the Monetary Policy Committee (MPC) of the RBI has kept the repo rate, unchanged at 4 per cent for the sixth time in a row and slashed the growth rate to 9.5 per cent for fiscal 2021-22. Concept : The panel said […]
GINI COEFFICIENT Subject : Economics Context : NITI AYOG Index show some improvement in SDG on inequality. Concept : Lorenz Curve and Gini Coefficient The distribution of Income in an economy is represented by the Lorenz Curve and the degree of income inequality is measured through the Gini Coefficient. One of the five […]
NEW GOLD SPOT EXCHANGE PROPOSED BY SEBI Subject: Economics Context: The Securities and Exchange Board of India (SEBI) has added a breath of freshness to the commodity market by floating the idea of having a new gold spot exchange. Concept: The spot exchange is where financial instruments, such as commodities, currencies, and securities, […]
RURAL INDIA PLAYED THE ECONOMY’S SAVIOUR IN 2020 – 21 Subject: Economics Context: The economy saw it’s worst-ever contraction in 2020-21, but the farm sector actually grew by 3.6%. In the second year of the Covid-19 pandemic, however, farmers face new challenges and uncertainties. Concept: Gross Value Added In 2015, India opted to […]
COMMITTEE ON VARIABLE CAPITAL COMPANY Subject : Economics Context : Recently, the expert committee on Variable Capital Company (VCC) submits its report to the International Financial Services Centres Authority (IFSCA). Concept : The Committee of Experts to examine the feasibility of the Variable Capital Company (VCC) was constituted by International Financial Services Centres […]
INDIA’s GDP FALL Subject: Economics Context: India’s Gross Domestic Product (GDP) contracted by 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office. GDP growth in 2019-20, prior to the COVID-19 pandemic, was 4%. Concept: The Gross Value Added (GVA) in the economy shrank 6.2% in 2020-21, compared […]