Maritime India Summit 2021 Subject: Economy Context: The PM Modi will inaugurate virtual Maritime India Summit, 2021 today. Concept: The Maritime India Summit 2021 is being organized by the Ministry of Ports, Shipping and Waterways in collaboration with FICCI on a virtual platform www.maritimeindiasummit.in from 2nd March to 4th March 2021. The Summit […]
Who controls Airspace? Subject: Economy Context: Recently India allowed Pakistan PM use of its airspace in his trip to Sri Lanka which is part of softening relations slowly due to back channel diplomacy. Concept: Every State has complete and exclusive sovereignty over the airspace above its territory (Article 1 of the Convention on […]
Rise in bond yield Subject: Economy Context: Rising yields on government securities or bonds in the United States and India have triggered concern over the negative impact on other asset classes, especially stock markets, and even gold. Concept: Bond yield is the return an investor gets on that bond or on a particular […]
Open market Operations (OMOs) Subject: Economy Context: On March 4 the RBI will conduct a Rs 15000 crore OMO. Concept: Since the beginning of January 2021, the yield on G-secs have jumped around 24 basis points leading to fall in its prices. Due to the price drop banks are staring at mark-to-market (MTM) […]
India-South Africa IPR waiver proposal Subject: Economy Context: Around 90 WTO members have supported India-South Africa IPR proposal for temporary waiver during Covid 19 period. Concept: At the recent TRIPS Council meeting these members supported the proposal which has 57 co-sponsors. It says that the member countries canchoose to neither grant nor enforce […]
Infrastructure Investment Trusts (InvIT) Subject: Economy Context: The railways officials are looking at InvIT after its role in road and power sector as it has been seeking to attract private investment Concept: It is a Collective Investment Scheme similar to a mutual fund, which enables direct investment of money from individual and institutional […]