Foreign Exchange Reserve Subject : Economy Context: India has sufficient forex reserves to finance CAD and intervene in forex market: Eco Survey Findings in Economic Survey: India’s forex reserves, as on January 20, stood at $573.727 billion. The country recorded a current account deficit of 3 per cent of GDP in H1 FY23 […]
Capex-led growth Subject :Economy Section : Fiscal Policy Context: Capex-led growth to bring back animal spirits, help manage debt levels: Economic Survey. More on the News: Survey said the government’s thrust on capex, particularly in the infrastructure-intensive sectors like roads and highways, railways, and housing and urban affairs, has longer-term implications for growth. […]
Adani Enterprises FPO subscribed 1.1 times; HNIs, QIBs to the rescue Subject : Economy Section: Capital Market Concept : On the last day of Adani Enterprises’ follow-on public offer, the issue was home and dry with the total book getting subscribed 1.1 times, aided by qualified institutional buyers and high net-worth individuals. Despite […]
Shipbuilding industry can bolster ‘Aatmanirbhar Bharat’, says Survey Subject: Economy Section: National Income Concept: Identifying the shipbuilding industry as a strategically important industry for its role in energy security, national defence, and the development of the heavy engineering industry, the Economic Survey,2022-23 noted that it has the potential to increase the contribution of […]
Economic Survey: Key Takeaways Subject: Economy Section: National Income Concept: On 31 January, the government tabled the Economic Survey 2022-23. The Survey laid out the outlook for India’s growth, inflation and unemployment in the coming years. Economic Survey The Economic Survey of India is an annual report released by the Finance Ministry. It […]
LIC exposure to adani group is under 1% of AUM Subject : Economy Section: Financial market Concept : India’s largest insurer LIC on Monday (30 January) said that its exposure in the Adani Group is just 0.975 per cent of its total assets under management (AUM) at book value. The statement by LIC […]
Many family offices interested in Adani FPO, may invest ₹9,000 crore Subject: Economy Section: Financial market Concept: The ongoing FPO by Adani Enterprises could get a boost on Tuesday with investments worth about ₹9,000 crore expected from family offices in Dubai and India. A family office is an entity created by high net-worth […]
Budget terms Subject: Economy Section :Fiscal Policy Concept: Budget and Revised Estimate Budget Estimates represent the idea of upcoming government projects and their progression. The revised Estimate explains the expenses that are going to happen. Budget estimates work like a critical process and show the transparency work and budget fund of the government. […]