IMF Chief urges G20 countries to restore primacy of quota resource Subject :Economy Section: External Sector Context : IMF chief has stressed the need for prioritising quota revision, to enhance lending capacity. Key Points: IMF has nearly $1 trillion in lending capacity based on the quota resources—which are critical to ensure the predictability […]

    India seeks permanent resolution of row over public stockholding Subject :Economy Section: External Sector Context: India will stick to its demand of prioritising a permanent solution for the issue of public stockholding (PSH) or buffer stocks of foodgrains at the World Trade Organisation (WTO). Key Points: India is set to continue with its […]

    NITI Aayog’s export preparedness report paints a mixed picture Subject :Economy Section: External sector In News: NITI Aayog releases Export Preparedness Index (EPI) for 2022. Key Points: The EPI 2022 Report evaluates the performance of the states across four pillars – Policy, Business Ecosystem, Export Ecosystem, and Export Performance. The index uses 56 […]

    Panel moots triple agenda to harness the potential of MDBs  Subject :Economy Section: External sector In News: Independent Expert Group (IEG), appointed under the auspices of the India G20 Presidency, has recommended a triple agenda to harness the potential of multilateral development banks (MDBs). MDBs include World Bank and International Monetary Fund (IMF). […]

    Regulating cryptos: FSB recommends framework  Subject :Economy Section: External sector In News: The Financial Stability Board (FSB) has come out with a 9-point recommendation for regulating crypto assets. It has recommended that crypto-asset issuers and service providers should have a comprehensive governance framework with clear and direct lines of responsibility and accountability for […]

    PSBs to step up one-time settlement in written-off loans Subject : Economy Section: Monetary Policy Key Points: Public sector banks (PSBs) are expected to step up one-time settlement (OTS) in written-off loans as the Finance Ministry and the Reserve Bank of India have emphasised on the importance of improving recovery from these accounts. […]