Retail Prime Lending Rate Subject: Economy Section: Monetary policy Why in the news? HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its adjustable rate home loans (ARHL) are benchmarked, by 5 basis points, with effect from May 1, 2022 Concept: In India, the PLR is the rate on […]

    Unemployment Subject: Economy Section: Unemployment In April, unemployment was highest in Haryana, followed by Rajasthan and Bihar, CMIE data showed. Details In the month of April, unemployment was highest in Haryana, followed by Rajasthan and Bihar at 34.5%, 28.8% and 21.1% respectively. Himachal Pradesh, Chhattisgarh, and Assam saw the lowest unemployment rate which […]

    Currency and Finance Report Subject: Economy Section: Indian Economy Context: In its recent report “Currency and Finance Report” RBI has said that it would take more than a decade to recover from economic losses due to covid-19. Details: The pre-COVID trend growth rate works out to 6.6% and excluding the slow down years […]

    Reciprocal Cross-Holdings Subject: Economy Section: Indian Economy Context: A clause in the Reserve Bank of India’s Master Circular on Basel-III Capital Regulations relating to ‘Reciprocal Cross-Holdings in the Capital of Banking, Financial, and Insurance Entities’ may prevent banks from going all out to invest in LIC’s IPO. Concept : According to the Circular, […]

    Farmer distress Subject: Economy Section: Indian Economy Context: The National Bank of Agriculture and Rural Development (Nabard) will create a Farmer Distress Index (FDI)to identify the farmers, who are in real need of support and assistance. Need? According to a recent study by Nabard, more than 60% of the ‘very high’ and ‘high’ […]

    Core sector output growth slows down to 4.3% in March on high base effect Subject: Economy Section: National Income Context: Output growth of the eight core industries output slowed in March 2022 to 4.3 per cent,largely due a high base effect of 12.6 per cent in the same month last year. The latest […]

    Russian oil exports Subject: Economy Section: External Sector According to data published by the Centre for Research on Energy and Clean Air (CREA), The European Union was the top purchaser of fossil fuels from Russia, since the country invaded Ukraine in February 24 this year, with imports worth€44 billion that accounted for 71 […]

    Freebie Model of Governance Subject: Economy Section: Fiscal policy Freebies that are usually distributed include goods like bicycles, smart phones, TVs, Laptops and waivers on bills (water, electricity, etc.).Freebies and poll promises are different from subsidies which are required for the proper functioning of a government to fulfill peoples’ needs and may not […]