The debate over India’s smartphone manufacturing dreams Subject :Economy Section: External sector Context: Over the last few months, former RBI governor Raghuram Rajan and the Minister of State for Electronics Rajeev Chandrasekhar have sparred over how well a Central government scheme to boost electronics manufacturing has been faring. Details: Mr. Rajan, along with […]
Overnight call money rate hardens beyond MSF rate Subject :Economy Section: Monetary Policy In News: Liquidity shortfall in the banking system on account of the incremental cash reserve ratio (ICRR) and other factors results in call money rate going beyond the marginal standing facility of 6.75 % Key Points: Overnight call money market […]
What a slowing China means for India Subject :Economy Section: External sector In News: Government has initiated work on drafting policies to make India a global hub for sourcing sustainable and circular textiles and garments. Key Points: The latest economic data show that the world’s second largest economy has slipped into deflationary mode. […]
Govt bolsters onion buffer by additional 2 lakh tonnes Subject :Economy Section: Agriculture In News: Government raises the quantum of onion buffer to 5 lakh tonne this year, after achieving the initial procurement target of 3 lakh tonne. Key Points: Government has announced it will procure an additional 2 lakh tonnes of onion […]
India may not endorse common BRICS currency Subject :Economy Section: External sector In News: BRICs to develop a serious alternative to the dollar. Key Points: With Russia facing western sanctions, Brazil urged BRICs to develop a serious alternative to the dollar using the combined weight of their economies. India is unlikely to endorse […]