At $350 b, India’s fossil fuel  sop ‘among top 5 in the world Subject: Economy Section: Fiscal Policy  Context: India ranks fourth among the top five nations in fossil fuel subsidies with around $350 billion (over ₹28-lakh crore) Key Points: According to a working paper of the International Monetary Fund (IMF) India is […]

    Funds crunch: Banks and NBFCs rush to the money market Subject: Economy Section: Capital Market Context: Banks raising short term finance due to liquidity crunch caused by the incremental CRR (I-CRR) norm. Key Points: Liquidity tightening in the banking system following the introduction of the incremental CRR (I-CRR) has prompted banks and NBFCs […]

    Rich countries force poor nations to rely on fossil fuels: What a new report says Subject: Economy Section: Reports Context: Poor countries with heavy debts have been forced to continue to rely on fossil fuels for generating revenue to return the loans taken from richer countries and private lenders to meet various economic […]

    RBI asks some banks not to take fresh NDF arbitrage bets Subject :Economy Section: Monetary Policy In News: Reserve Bank of India (RBI) has asked some banks to stop taking fresh arbitrage positions in the non-deliverable forwards market. Key Points: Non-Deliverable Forwards (NDF) are foreign exchange forward contracts traded in the over-the-counter market […]

    India: a young country with an ageing workforce Subject: Economy Section: National Income Key Points: India may continue to experience the rather counterintuitive phenomenon of being a youthful country with an ageing workforce. Analysis of India’s workforce, sourced from CMIE’s Economic Outlook data, shows that while India may be the country with the […]

    RBI hesitant to give NBFC licences to fintechs with common PE investors Subject: Economy Section: Monetary policy Key Points: With non-banking finance company licenses issued to fintech majors such as Cred and Jupiter, multiple fintechs have pursued the banking regulator for a NBFC license. RBI is reluctant to consider their applications. The reason […]