India’s wholesale prices remain in deflationary territory for third successive month in June Subject :Economy Section: Inflation and unemplyment What is Deflation? Deflation occurs when asset and consumer prices fall over time. t is the opposite of the often-encountered inflation. A reduction in money supply or credit availability is the reason for deflation in […]

    Centre bans export of non-basmati white rice to check price rise Subject : Economy Section: External Sector Concept : Recently, the Centre banned the export of non-basmati white rice with immediate effect to boost domestic supply and help control inflation. Paddy had been planted in around 10.32 million hectares, which is almost 9.8 […]

    India’s reliance on imported crude rises to 88.3% in April-June Subject: Economy Section: External Sector In News: India’s reliance on imported crude inched up to 88.3 per cent in April-June from 86.5 per cent a year ago. Key Points: While the government wants to reduce India’s high dependency on imported crude oil, this […]

    Government exempts RRBs from CCI’s merger control rule Subject: Economy Section: External Sector In News: Centre has exempted regional rural banks (RRBs) from the purview of CCI’s merger control regime, to set stage for the next round of consolidation. Key Points: Normally for any merger and acquisition (M&A) beyond a threshold value, the […]

    Household Consumption Expenditure Survey (HCES) Subject : Economy Section: National Income Concept : The Ministry of Statistics and Programme Implementation has formed a new Standing Committee on Statistics (SCoS) to advise on official data, including the household surveys carried out by the National Sample Survey Office (NSSO). With 14 members, the new panel […]

    EU rules on subsidies to hurt exports Subject: Economy Section: External Sector In News: India’s exports of smartphones, information technology products and services to European Union countries could be hit by the Foreign Subsidies Regulations (FSR) Key Points: The proposed regulations prohibit foreign subsidies and grants the European Commission (EC), the executive arm […]

    India’s non­ GMO certification norm: US protests citing GM mustard Subject: Economy Section: External Sector Context: US has once again raised the issue of India’s order requiring a “non-GM origin and GM-free certificate” for 24 commodities imported for human consumption Key Points: The US is protesting against the requirement of “non-GMO origin and […]