RETAIL vs WPI INFLATION Subject : Economics Context : The wholesale price-based inflation shot up to an all-time high of 10.49 per cent in April, on rising prices of crude oil and manufactured items. Also, a low base of April last year contributed to the spike in inflation in April 2021. Concept : […]
VENTURE CAPITAL FUND Subject : Economics Context : India received venture capital and private equity investments worth $7.5 billion across 67 deals in April, a sixfold rise over the same month last year on low base effect, as per the Indian Private Equity and Venture Capital Association-EY report. Concept : Entrepreneurs need investments […]
ANTI DUMPING DUTY Subject : Economics Context : The Finance Ministry has extended the validity of anti-dumping duty on certain seamless tubes and pipes imported from China till October 31. Concept : An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below […]
MERCHANT DISCOUNT RATE Subject : Economics Context : In a push to expand their merchant networks, fintech intermediaries have come up with an innovative settlement scheme by which they waive the merchant discount rate (MDR) on offline card transactions. Concept : This allows offline merchants to opt for a delayed settlement of a […]
SOVEREIGN CREDIT RATINGS Subject : Economics Context : S & P Global Ratings on Friday said India’s credit rating would be retained at the current level for the next two years, and the country will see a slightly faster pace of growth in the next couple of years that will support its sovereign […]
RBI WANTS TO MODERATE BOND YIELDS Subject : Economics Context : Reserve Bank of India’s decision to step up purchase of government securities under the government securities acquisition programme (G-SAP) led to the yield on the benchmark 10-year bond falling below 6%. Concept : Current movement of Bond Yields The yield on the […]
RBI MEASURES TO TACKLE COVID-19 BURDEN Subject : Economics Context: The RBI Governor Shaktikanta Das announced a series of measures to support the nation’s fight against the second wave of COVID-19 infections. Concept : Term Liquidity Facility Term liquidity facility of Rs. 50,000 crore with tenure of up to 3 years, at repo […]
PURCHASING MANAGERS INDEX Subject: Economics Context: India’s manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the Covid-19 crisis, a monthly survey said. Concept: The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at […]
INTEGRATED GOODS AND SERVICES TAX (IGST) Subject: Economics Context : Centre has waived off IGST on the import of COVID related medical supplies including Remdesivir Injection/API, Medical Oxygen, O2 Concentrators, Cryogenic tanks & COVID Vaccines among others. Concept: The exemption has been granted till 30th June for free distribution of these medical supplies. […]
MASALA BONDS Subject: Economics Context: Of the total borrowings during March 2021, USD 5.35 billion came in through the approval route of the external commercial borrowings (ECB), while the rest of USD 3.88 billion was raked in via the automatic route of raising funds from international markets. No money was raised through the […]