India prepares own carbon trading system and decarbonisation measures to counter EU’s CBAM Subject :Economy Section: External sector In News: Government working on setting an Indian carbon trading system in addition to taking measures to counter EU’s Carbon Border Adjustment Mechanism (CBAM) Key Points: India is aiming to set up its own carbon […]
RBI circular: ‘Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans’ Subject: Economy Section: Monetary Policy RBI’s Guidelines on Interest Rate Reset: Lenders must provide borrowers with clear information about how changes in the benchmark interest rate can affect personal loans. Communicate potential changes in EMI and/or tenor during […]
As inflation rises & liquidity tightens, bond, T-Bill yields rise sharply Subject: Economy Section: External Sector In News: RBI status quo stance, incremental CRR (ICRR), inflationary pressure and weakening Rupee push yields on 10-year benchmark bonds and Treasury Bills sharply. Key Points: Bond yields have been increasing driven by three major factors: Liquidity […]
India to enter cathode active material (CAM) production Subject: Economy Section: External Sector In News: India aims for self-reliance in cathode materials by partnering with Altmin Key Points: India aims for self-reliance in cathode materials by partnering with Altmin to produce Lithium Ferrous Phosphate, a crucial component of Cathode Active Materials used in […]
Rupee sinks to new low on strong $, weak yuan Subject: Economy Section: External Sector In News: The rupee sank to an all-time closing low owing to a strong dollar Key Points: The rupee sank to an all-time closing low on Thursday, weighed down by a strong dollar index and a weakening Chinese […]
Significant drop in poverty as per National Multidimensional Poverty Index report Subject: Economy Section: Indices and Reports In News: 13.5-crore people came out of poverty from 2015- 2019 as per the second National Multidimensional Poverty Index report. Key Points: The 2nd National Multidimensional Poverty Index report, published by Niti Aayog notes significant drop […]