Factors of falling exchange rate and Impact Subject :Economy Section: External Sector Context: Since the war in Ukraine and consequential rise in the crude oil prices, the indian rupee has steadily lost its value against the dollar Details: While the US dollar has become stronger against all other major currencies including the rupee, […]
Special economic zone Subject: Economy Section: External Sector Context: The department of commerce under the commerce ministry has notified a new rule 43A for WFH in Special Economic Zones Rules, 2006. Details: The work from home rules are applicable to Special Economic Zones, which are areas subject to a set of different economic […]
Destabilizing effect of crypto on fiscal and monetary policy Subject :Economy Section: Fiscal Policy Context: There should be an international collaboration to make crypto prohibition law effective in the country, according to Finance Minister Nirmala Sitharaman. Why? Cryptocurrencies have a destabilizing effect on the monetary and fiscal stability of a country according to […]
Bond yield and related topics Subject :Economy Section: External Sector Context: Notwithstanding rapid increases in interest rates by the US central bank, the inflation rate for June came in at 9.1%. Many observers have pointed this to an inversion of the US yield curve and argue that the US central bank will not be […]
Why Telangana’s floating solar plant is greener than ground-mounted ones? Subject : Economy Section: Energy India’s largest floating solar plant is now fully operational at Ramagundam in Telangana’s Peddapalli district. The 100-megawatt (MW) floating solar power photovoltaic project was commissioned by the National Thermal Power Corporation, the country’s foremost public-sector power generator. What […]
The Finance Ministry has declared zero coupons zero principal instruments (ZCZP) as securities Subject :Economy Section: Fiscal Policy The new notification is a follow up to Finance Minister Nirmala Sitharaman’s announcement in the FY20 Budget to initiate steps towards creating an electronic fund raising platform — a social stock exchange — under the […]
Remittances from advanced nations beat flows from Gulf region in FY21 Subject: Economy Section: External Sector Maharashtra displaces Kerala as the top recipient State In what is seen as a shift of workers to the West, Advanced Economies (AEs) — particularly the US, the UK and Singapore — emerged as key source countries […]
Pre-packed labelled pulses and flour to attract 5% GST from tomorrow- clarifies govt Subject :Economy Section: Fiscal Policy Context: The Central Board of Indirect Taxes and Customs said single packages of food items like cereals, pulses and flour weighing up to 25 kg will be considered as ‘prepackaged and labelled’, and liable to […]
Irdai in favour of insurers in SLBC- proposes steep hike in premium target Subject: Economy Section: Banking The insurance regulator has proposed the involvement of insurance companies at the state level and a big hike in the premium collection target in the next five years to deepen insurance penetration in the country insurance […]