The depleting import cover Subject: Economy Context: The total foreign exchange reserves have steadily fallen from a peak of $642 billion in early September 2021 to $546 billion by the middle of September 2022, the lowest level in around two years. In fact, the fall in the reserves have averaged $5 billion in […]
Commodity Derivative Market Subject :Economy Context: The Securities and Exchange Board of India has allowed Foreign portfolio investors (FPIs) to participate in the exchange traded commodity derivatives (ETCDs) market subject to certain risk management measures Details: It aims at increasing the depth and liquidity in the commodity derivative market. FPIs will be allowed […]
The mess in the UK economy Subject :Economy Context: Britain’s pound depreciated to an all-time low post the mini-budget laid out to slash taxes and expand spending to cushion soaring energy prices. In the budget? Freeze on energy bills-energy subsidies Tax cut to boost consumption and investment spending Rise in public expenditure and […]
Safeguard Duties Subject : Economy Context: India has proposed additional customs duties of 15 percent on the import of 22 products from the UK in retaliation to Britain’s decision to impose restrictions on steel products. Details: Suspension of concessions under the General Agreement on Tariffs and Trade 1994 and the Agreement on Safeguards […]