Context: New Bill
Financial Intelligence Unit – India (FIU-IND) Subject: Economy Section: Fiscal Policy The Financial Intelligence Unit (FIU), a key unit of the multi-agency probe into the Pandora Papers, has received responses from its counterparts in over three-fourths of the requests it sent to 33 foreign jurisdictions. Details: The information includes details of existing and […]
The International Monetary Fund (IMF) on Thursday approved a loan of $2.9 billion to Sri Lanka. Subject : Economy Section : External Policy The International Monetary Fund (IMF) on Thursday approved a loan of $2.9 billion to Sri Lanka. Sri Lanka IMF bailout–What happens next? The agreement between Sri Lanka and the IMF […]
Urban joblessness declines to 7.6% in Apr-Jun 2022: NSO Subject: Economy Section: Unemployment Context: The unemployment rate for person saged 15 years and above in urban areas declined to 7.6 per cent during April-June 2022 against 12.6 per cent a year ago, the National Statistical Office (NSO) said on Wednesday. The PLFS further […]
Core sector output at 6-month low; crude, natural gas hit most Subject: Economy Section: National income Context: Growth in the output of eight core infrastructure sectors decelerated sharply for a second straight month to hit a six-month low of 4.5 percent in July from a year ago, as a conducive base effect waned […]
Competitiveness Roadmap for India@100 Subject: Economy Context A 7-7.5 per cent real economic growth can make India an upper-middle income ($10,000 per capita income) country by 2047, Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM), said at the release of ‘The Competitiveness Roadmap for India@100’. Details: India is now a […]
Housing Price Index Subject: Economy Context During the first quarter of 2022-23, the pricing index for homes in India went up by 3.5 per cent year-on-year, data released by the Reserve Bank of India (RBI) showed. Details: Housing prices rose in 42 cities in the first quarter of 2022-23, while the rates of […]
Abhijit Sen- renowned agriculture economist passed away Subject: Economy Context: Abhijit Sen, renowned agriculture economist and former member of the Planning Commission, chairman of the Commission for Agricultural Costs & Prices (CACP), passed away Monday. Major contribution: He authored the report of the High Level Committee on Long Term Grain Policy that was […]
Banking Frauds Subject: Economy Section: Monetary Policy Context: With the intent of improving consumer protection amid cases of digital frauds, the Reserve Bank of India (RBI) is in discussions to set up a fraud registry to create a database of fraudulent websites, phones and various methods used by fraudsters. Details: About 39 per […]