Q2 Data Subject : Economy Context:  The Ministry of Statistics and Programme Implementation (MoSPI) released India’s economic growth data for the second quarter of the current financial year (2022-23 or FY23). Details: The second quarter or Q2 refers to the months of July, August and September. Indicators  Q2 on a year-on-year basis Gross […]

    Natural Gas pricing regime Subject: Economy Context: The Kirit Parikh committee was appointed  to review the gas pricing formula. Concept: Natural gas pricing: The natural gas pricing scenario in India is complex and heterogeneous in nature. Formula based pricing formula/Administered Price Mechanism (APM) Much of the natural gas being produced in the country […]

    Environmental, Social, Governance (ESG) framework  Subject : Economy Context: An economy like India should have its own independent view of Environmental, Social, Governance (ESG) matters Details: ESG be measured in terms of purchasing power parity basis to make companies in emerging market economies like India comparable to companies in the US. ESG rating […]

    Power sector at glance Subject : Economy Context: Central Electricity Authority (CEA) expects peak power demand to rise by 9 per cent to 230-235 GW by April 2023 from the current 215 GW. Details: India had faced one of the worst power crises in several parts of the country during last year and […]

    Financial Services Institutions Bureau Subject : Economy Context: A notification was issued to amend the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970. Details: The present norms prescribe appointment for three years or till the age of 60 years, whichever is earlier–for the Managing Director and other whole-time directors of the public sector […]