Subject: Economy Context: The Monetary Policy Committee (MPC) of the Reserve Bank of India on Friday decided to keep repo rate unchanged at 4 per cent. The reverse repo rate stays at 3.35 per cent. The RBI last changed policy rate on May 22. Concept: The key lending rate of the RBI or the repo […]

Subject: Economy Context: PMI for India’s manufacturing touched 56.3 in November, signaling that even as an improvement in wider industrial activity continued, the sector’s expansion as well as the pace of new orders slowed down while employment also declined further. Concept: It is a survey-based measure that asks the respondents about changes in their perception […]

Subject: Economy Context: Indian Oil launched a new premium grade petrol – Octane 100. Concept: Branded as XP100, the premium grade petrol was launched across ten cities by Minister of Petroleum and Natural Gas. The technology for India’s first octane petrol has been indigenously created by Indian Oil Research and Development. The availability of XP100 […]

Subject : Economy Context :The Inland Waterways Authority of India has eased tender terms for privatising the multi-modal cargo terminals at Varanasi, Haldia and Sahibganj on National Waterway 1. Concept : National Waterways Act came into effect in 2016. It proposed 106 additional National Waterways and merges 5 existing Acts which were declared the 5 […]