Growth in government debt of India Subject : Economy Section: Fiscal Policy Key points: From 2014 to 2022 the government’s debt has increased from ₹55-lakh crore to ₹155-lakh crore. India’s government debt as a proportion of GDP has remained relatively stable at around 82% in 2023 up from 81% in 2005. (the FRBM […]
US Fed rate hike pause: impact on India Subject : Economy Section: External Sector Context: Federal Reserve has maintained the policy rate, after continuously raising for 15 months Key Points: Federal Open Market Committee (FOMC) has decided to pause the cycle of interest rate hikes despite inflation being at 4% The benchmark rate […]
Sharp slide in India’s remittance inflows on OECD slowdown Subject : Economy Section: External Sector Context: Dip in remittances Details: As per the latest Migration and Development Brief released by the World Bank. After growing over 24 per cent to post a record-high level of $111 billion in 2022, remittance flows to India […]
Exit of Rich/report Subject : Economy Section: External sector In News: Henley Private Wealth Migration Report 2023 has estimated that 6,500 high net-worth individuals (HNWIs) may leave India this year Key Points: 7,500 HNWI from India emigrated in 2022. Overall 25 lakh Indians renounced Indian citizenship in 2022, the highest ever since 2011. […]
World bank Logistics performance Index (LPI): Port and logistics boost Subject : Economy Section: Infrastructure In News: World Bank has released the Logistic Performance Index (LPI) Report 2023. Key Points: India has earned 38th rank in the overall LPI score (earlier 44th position in 2018) India’s has earned 22nd rank in the International […]
Disinflation to be slow and long: Das Subject : Economy Section: Inflation and unemployment Context: Reserve Bank Governor Shaktikanta Das on Tuesday said the disinflation process in India will be slow. Concept: What is Disinflation? Disinflation is a decline in the rate of inflation. The inflation rate is declining over time, but it […]
Inflation surprise Subject: Economy Section: Fiscal Polity The RBI is expected to maintain interest rates until the April-June quarter, despite a drop in retail inflation to 6.46% in India, thanks to falling food prices and favourable statistical factors. However, core inflation remains at 5.9%, indicating that demand-driven price pressures are still a concern. […]
2020 may be another lost decade for global economy Subject: Economy Section: External sector Context: MD Patra, Deputy Governor of RBI, predicts that the 2020s could be another “lost decade” due to recurring financial crises, the pandemic, and the war in Ukraine accentuating the global slowdown. Key points: A structural slowdown has been […]
What FLDG means for fintech lenders Subject: Economy Section: Monetary Polity Default loss guarantee (DLG) is an arrangement between two entities, often two regulated entities, or between a regulated entity and fintech lending service providers (LSPs), whereby the LSP guarantees to compensate the regulated entity for loss due to default up to a […]
Yield curve inversion persists in corporate bond market Subject :Economy Section: Fiscal Polity Yield curve inversion occurs when the yield on short-term debt instruments is higher than that of longer-term bonds. It is a rare but significant occurrence in finance and has historically preceded recessions, making it a reliable indicator In developed markets, […]