Sovereign rating Subject: Economy Section: External Sector Context: There is a danger that we may witness a drop in WGI scores due to the latest negative commentary on India by think tanks, survey agencies and international media. This could possibly downgrade our Sovereign Ratings to junk Sovereign Credit Rating: A sovereign credit rating […]

    Government bonds and bond yield Subject: Economy Section: Fiscal Policy Context: The 10-year benchmark bond ended at 7.46%, after earlier reaching a high of 7.49%. The official said the government expects the RBI to conduct a switch operation, offering investors a chance to exchange their short-dated bonds for debt with a longer maturity, […]

    Remittances data Subject: Economy Section: External Sector Context: Every year, about 2.5 million workers from India move to different parts of the world on employment visas. Details: According to the Ministry of External Affairs, there are over 13.4 million Non-Resident Indians worldwide. Of the total, 64% live in the Gulf Cooperation Council (GCC) […]

    Fall in the forex Subject: Economy Section: External sector Foreign exchange reserves declined by $2.69 billion to $597.72 billion during the week ended April 29.With this fall,forex reserves have declined $44.73 billion from $642.45 billion recorded on September 3, 2021, according to the RBI data Causes: Decline for foreign currency asset-The foreign currency assets […]

    INFLATION in the USA and INDIA Subject: Economy Section: Monetary policy Context: Last week, within hours of each other, central banks in India and the US raised interest rates and signaled a tighter monetary policy in a bid to contain rising inflation. However the move is expected to hurt the Indian economy far […]

    Payment Systems Subject: Economy Section: Monetary policy Card Payment: The electronic payments industry is dominated by four companies. Visa, Mastercard, American Express, and Discover are responsible for handling the majority of the world’s card payments.Visa and Mastercard are the two largest payment processing networks in the world. However they do not issue cards […]

    Section 11 of the Electricity Act Subject: Economy Section: Infrastructure Context: With the coal and power supply situation in the country becoming a cause of concern, the Power Ministry has read the riot act to the imported coal based (ICB) power plants directing them to start operations. Concept: Section 11 of the Electricity […]

    Front running Subject: Economy Section: Capital Market Context: Axis Asset Management Company, which manages assets worth Rs 259,818 crore, suspended two fund managers on Friday for various irregularities, including front-running the AMC’s transactions on their personal accounts. Concept: Front running involves purchasing a stock based on advance non-public information regarding an expected large […]