Captive mines Subject: Economy Context: Captive mines producing major minerals may soon be allowed to sell half their output in the open market. Concept: Captive Mines: Captive mines are the mines that are owned by companies. The coal or mineral produced from these mines is for the exclusive use of the owner company […]

    Currency in circulation Subject: Economy Context: The currency in circulation declined by ₹7,600 crore in the Diwali week, making it the first such incident in two decades according to the report by economists at SBI. Causes: Greater reliance on digital payments by people-over the years, the Indian economy, which was cash led, has […]

    The Bank of England raised its key interest rate Subject: Economy Context: The Bank of England raised its key interest rate by 0.75 percentage point on Thursday, its largest rise since 1989, as it fights a surge in inflation from rising energy prices even as the UK economy slides into an expected recession. […]

    SEBI-recovery of dues Subject : Economy Context: The Securities and Exchange Board of India (Sebi) has segregated dues to the tune of ₹67,228 crore under the “difficult to recover” category at the end of March 2022. Details: It includes –those who failed to pay the fine and fees due to the markets watchdog, and […]

    Sovereign Green Bonds Subject : Economy Context: The Indian government is all set to debut in the green bonds market soon, as laid out in the Union Budget. Details: The Finance Minister in her Budget 2022 speech promised to issue sovereign green bonds. Indian companies have already been tapping into the international green […]

    Fertilizer subsidy Subject : Economy Context: The Cabinet Committee on Economic Affairs has approved a ₹51,875 crore subsidy for phosphatic and potassic fertilizers for the rabi season. Details: It is in accordance with a commitment to ensure the availability of P&K (phosphatic and potassic) fertilizers to the farmers at affordable prices and international […]