Core Inflation Subject: Economy Section: Inflation Why in the news? Retail inflation based on the Consumer Price Index (CPI) surged to nearly 7 per cent, a 17- month high, in March even without capturing the full impact of the fuel price hike. Core Inflation: Inflation excluding ‘food and beverages’ and ‘fuel and light’ […]

    Reserve currency Subject: Economy Section: External sector Context: A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own ‘stable- coin’ is firing up the market. It’s part of a wider movement to crown bitcoin as the reserve currency of a new age. Reserve currency? A reserve currency is […]

    RBI regulated Trading Market Subject :Economy Section :Monetary Policy Context: The Reserve Bank of India (RBI) has decided to restore the opening time for regulated financial markets to their pre-pandemic timing of 9 am with effect from April 18, 2022. RBI regulated markets: Major market segments under the regulatory ambit of the Reserve […]

    Zero rate of interest  Subject :Economy Section :Monetary Policy Context: If India has to move to 0 per cent real rate, that is inflation – interest rate = 0, we need 1 per cent increase in the rate of interest, says Uday Kotak, CEO and Managing Director of Kotak Mahindra Bank, on Sunday […]

    Different types of food index -FAO Subject: Economy Section: External sector Context: Global food prices rising Concept: The Food Price Index (FFPI)  By the Food and Agriculture Organisation (FAO) on a monthly basis. First introduced in 1996. Purpose: To track the developments in the global agricultural commodity markets, and to keep an eye […]

    What is default and its impact Subject :Economy Section: External sector Context: S&P on Saturday lowered Russia’s foreign currency ratings to “selective default” on increased risks that Moscow will not be able and willing to honour its commitments to foreign debt holders. Details: Russia had made coupon and principal payments on dollar-denominated Eurobonds […]

    Inflation Survey Subject: Economy Section: Inflation Context According to the RBI survey, for a majority of population and age groups, uncertainty in inflation expectations increased for both three months and one year horizons, as compared to the previous survey round according to the Inflation Expectations Survey of Households. According to the central bank’s […]