Indigenous Cattles Subject: Economy Section: Agriculture Context: 23 breeds of indigenous cattle registered a decline in numbers – ranging from 1.08% to 93.48% – in seven years between 2012 and 2019, according to the latest breed-wise report of livestock and poultry in India. Concept: The report, is based on 20th Live stock Census […]

    RBI Gold Acquisition  Subject: Economy Section: External Sector Context: India’s gold holdings have gone up to 760.42 tonnes, with the Reserve Bank of India (RBI) adding another 16.58 tonnes of the yellow metal to the country’s foreign exchange kitty during the six months ended March 2022. Details: RBI’s gold acquisition happened at a […]

    Inflation in India cause and effect Subject: Economy  Section: Inflation Context: The official data revealed that retail inflation had grown by 7.8% in April- the highest rate in the last 8 years. Details: Retail inflation has been high since October 2019 and has, in fact, touched the 4% mark just once since then. […]

    Coin DCX announces Rs100-crore fund to invest in Web3 start-ups Subject: Economy Section: Capital Market Indian crypto exchange Coin DCX has launched its investment arm, Coin DCX Ventures, to invest Rs 100 crore in early-stage crypto and block chain start-ups over the next 12 months. While the Coin DCX Ventures mandate is to […]

    Exchange rate Subject: Economy Section: External sector Context: On Monday, during intra-day trade, the Indian rupee hit an all-time low exchange rate of 77.6 against the US dollar. Exchange rate: Meaning? The Rupees Exchange Rate vis-a-vis particular currency, say the US dollar, tells us how many rupees are required to buy a US dollar. […]

    Minimum Wage  Subject: Economy Section: Inflation Context: The expert committee on minimum wages, headed by statistician and economist SP Mukherjee, has finalized a methodology to calculate the minimum wage based on nutritional requirements and consumption expenditure. Details: The total monthly consumption expenditure in households, the total intake of calories, level of total expenditure […]

    The Inflation dilemma  Subject: Economy Section: Inflation Context: Even though the RBI’s mandate is with respect to CPI inflation, policymakers cannot ignore the behaviour of other price indices. Details: The Wholesale Price Index (WPI) inflation had remained in double digits since April 2021. The GDP implicit price deflator-based inflation rate for 2021-22 is […]