Rising Current Account Deficit Subject: Economy Section: External Sector Context: For the third quarter of 2021-22, India’s current account deficit (CAD) has reached $23 billion, which is a nine-year high. Cause– Rise in import-India’s exports are doing well, but as imports are growing faster, widening of the trade deficit is likely in the […]

    Role of Inflation-Expectation Subject: Economy Section: Monetary Policy Context: The RBI released the Inflation Expectations Survey of Households (IESH) for March on Friday. Details: It presented gender based differences in the inflation expectations i.e women have systematically higher inflationary expectations compared to men. Cause: The traditional gender roles that explain this divergence women, […]

    SOPs to be framed for blending of Imported Coal Subject: Economy Section: Energy Security Context: The Power Ministry has asked the Central Electricity Authority (CEA) to create a standard operating procedure (SOP) for blending of domestic and imported coal used at thermal power plants (TPPs) as the Coal supply at thermal plants is […]

    Pricing regime of Fuel Subject: Economy Section: Fiscal policy Context: It is quite complicated that the final retail price of petrol and diesel has multiple components. Components of Fuel prices: The base price, including the freight, accounts for 56 per cent of the final selling price for petrol and 60 per cent for […]

    Do away with circulars: RBI panel Subject: Economy Section: Monetary Policy Context: The Regulations Review Authority (RRA 2.0) has recommended the withdrawal of an additional 225 circulars issued by the Reserve Bank of India. Details: The RBI has set up the RRA 2.0, initially for a period of one year from 1st May, […]

    E-Shram Portal Subject: Economy Section: Employment Context: New campaign to get more workers to register would also be planned after analysis of the registrations so far was being carried out, according to the Ministry. Background: Budget Speech 2022-2023, Finance Minister had announced the linking of four portals — the National Career Service, e-Shram, […]

    Jute Textile Issue Subject: Economy Section:Monetary policy Context: The Office of the Jute Commissioner (JCO)’s September 30 notification mandated that no entity would be allowed to purchase or sell raw jute at a price exceeding ₹6,500 per quintal. Details: In simple words, mills are procuring raw jute at prices higher than what they […]

    Deposit Insurance in India Subject: Economy Section: Monetary policy Serious thought to insuring deposits was given by the RBI and the Centre after the failure of the Palai Central Bank Ltd. and the Laxmi Bank Ltd. in 1960. The Deposit Insurance Act, 1961 came into force on January 1, 1962. The preamble of […]