India’s merchandise trade Subject :Economy Context: India’s imports from China rose sharply post the Galwan clash, in which 20 Indian soldiers were killed. Concept: China is India’s second biggest trading partner after the United States in 2021-22. In 2021-22, India-China bilateral trade stood at $115.83 billion—11.19 per cent of India’s total merchandise trade […]
Public Financial Management System (PFMS) Subject :Economy Context: The Public Accounts Committee (PAC) presented a report on the “Implementation of Public Financial Management System [PFMS]. Details: The committee observed that the tasks related to the implementation of the PFMS appeared to have been dealt with a casual approach and there was no proper […]
Real interest Vs Nominal Interest Subject : Economy Why in the news? India’s real interest rate has turned positive after headline retail inflation eased below 6% for the first time this year. Details Inflation had stayed above the central bank’s repo rate for this year, implying a negative real rate. India’s retail inflation […]
Write-off Subject : Economy Scheduled commercial banks have recovered just 13 per cent of the total write-off in the last five years. Details: Due to government reforms the gross NPA ratio of the SCB has declined to 5.9 per cent as on March 31, 2022. Concept: Write-off It refers to taking out a […]
Cartel in India Subject : Economy Why in the news? Government plans to include businesses accused of cartel behaviour in the ‘settlement and commitment scheme’ of the Competition Amendment Bill. Details: It will enable cartels to settle their case with the Competition Commission of India (CCI) by paying settlement fees. Concept: According to […]
Ex ante and ex post concept Subject : Economy Ex- Post and Ex- Ante are terms of Latin origin that mean “after the event” and “before the event,” respectively. In simple words, ‘Ex-ante’ means planned and ‘Ex-post’ means actual or realised. In the field of finance, these terminologies depict the returns from an […]
Emergency Credit Line Guarantee Scheme Subject :Economy Context: Emergency Credit Line Guarantee Scheme (ECLGS), has benefitted around 1.19 crore businesses. Concept: Emergency Credit Line Guarantee Scheme (ECLGS) It was announced as part of the AtmaNirbhar Bharat Package in 2020. It aims to help businesses including MSMEs to meet their operational liabilities and resume […]
Government Securities Subject :Economy Context: Insurance companies’ holding of G-Secs rose at a faster clip than the growth for commercial banks. Details: To meet the robust demand for credit, public sector banks are selling excess statutory liquidity ratio (SLR) securities, including G-Secs, in their investment portfolio whenever the yield comes down. Excess holdings […]