Capex push to states Subject :Economy Section: Fiscal Policy Context: The Centre has released an advance instalment in addition to the regular monthly instalment of tax devolution to states totalling Rs 1.16 lakh crore Why? To increase capital and developmental expenditure. To ease fiscal pressure of states after the end of the compensation […]
Fin Min invites applications for post of PFRDA chairperson Subject :Economy Context: The government has started the search for a successor to the chairman of the Pension Fund Regulatory and Development Authority Supratim Bandyopadhyay whose term ends in January 2023. The PFRDA chairperson holds office for five years or till the age of […]
Microsoft joins ONDC network; to launch shopping app Subject :Economy Context: Microsoft has become the first tech giant to join the Open Network for Digital Commerce (ONDC), a Government of India initiative to develop an open network for digital commerce. Concept : Open Network for Digital Commerce (ONDC): https://optimizeias.com/open-network-for-digital-commerce/
What RBI’s surveys tell about India’s economy? Subject :Economy Section: Monetary Policy Context: The RBI unveiled its latest monetary policy review as well as seven surveys that help it ascertain how the economy is doing. Details: Trade Survey: Widening trade deficit- Impact of rising trade deficit: It is one of the main reasons […]
Food Inflation Subject: Economy Section: Inflation Context Food inflation may ease faster than expected. Details: The UN Food and Agriculture Organization’s Food Price Index (FPI) averaged 140.9 points in July, 8.6% down from its previous month’s level and marking the steepest monthly drop since October 2008. Between March and July, the FPI has […]
Tax to GDP ratio Subject: Economy Section: Fiscal Policy Context India’s tax to GDP ratio is higher than proclaimed and it is time to change the quality of expenditure. Details Taxes, fiscal deficit, and debt are interrelated — lower tax revenue means higher fiscal deficit, for the same level of expenditures, and higher […]
RBI monetary policy & OBICUS Subject : Economy Section: Monetary Policy Context: The MPC has raised the repo rate cumulatively by 140 bps in the May-August 2022 period from 4 per cent to 5.40 per cent to control inflation while striking a balance to enable growth in the economy. Why the hike? The […]