CORE INDUSTRIES OUTPUT FALL Subject: Economics Context : The output of eight core industries grew 56.1 per cent year-on-year (YoY) in April 2021 on a low-base effect as industrial production was very low in the year-ago month because of a nationwide lockdown. Concept: However, the industrial output declined 15.1 per cent as compared […]
ECONOMY SHOWING SYMPTOMS OF STAGFLATION Subject : Economics Context: Expansionary fiscal policy, especially increased govt spending, is needed to overcome the pandemic-induced disruptions. Concept : Stagflation It is a seemingly contradictory condition described by slow economic growth and relatively high unemployment, or economic stagnation, which is at the same time accompanied by rising […]
RBI MAY KEEP REPO RATE UNCHANGED Subject: Economics Context: RBI likely to keep repo rate unchanged at monetary policy meet next week. Concept: The RBI had kept key interest rates unchanged after the last the MPC meeting held in April. The key lending rate, the repo rate, was kept at 4 per cent […]
QIP Subject: Economics Context : Max Health net debt fell to ₹544 crore following a Qualified Institutional Placement (QIP) from ₹2,102 crore recorded in previous year quarter, the company said in a statement. Concept : Qualified institutional placements (QIPS) are a way to issue shares to the public without going through standard regulatory […]
INITIAL PUBLIC OFFERING Subject : Economics Context : Recently, five companies filed their draft red herring prospectus (DRHP) for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). In 2020-21, as many as 69 companies raised close to Rs 75,000 crore through public issues, including IPOs. Concept : […]
FORENSIC AUDIT Subject : Economics Context : SEBI to appoint forensic auditors for listed firms. Concept : Markets regulator Sebi is looking to appoint auditors for conducting forensic audits of financial statements of listed companies as part of efforts to curb frauds. In recent months, Sebi has ordered forensic audit of certain companies. […]
QUANTITATIVE EASING Subject : Economics Context : n India’s case when RBI spoke of rolling back the CRR-cut last year, which was interpreted as being the end of the easy-money. The recent announcements by RBI on further liquidity infusion leads to the question of whether this serves a broader purpose. Concept : QE […]
SURPLUS TRANSFER TO THE GOVERNMENT BY RBI Subject: Economics Context: The Reserve Bank of India (RBI) announced a surplus transfer of ₹99,122 crore for the 9-month period from July 2020 to March 2021. Concept: The higher-than-expected dividend or surplus transfer to the government comes as the government is expecting a sharp sequential fall […]
GOLD EXCHANGE Subject : Economics Context : The Securities & Exchange Board of India (SEBI) has floated a consultation paper on the proposed framework for Gold Exchange in India. Concept : The proposal was announced by Finance Minister Nirmala Sitharaman in her FY22 Budget speech. SEBI, entrusted with the task of regulating the […]
FDI vs FPI Subject : Economics Context : Net foreign direct investment (FDI) into the country hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous high of $43.013 billion that it had reach last fiscal. Concept : Foreign Direct Investment FDI is the process […]