IMF Support System Subject :Economy Section: External sector Context Sri Lanka will need about $3 billion in external assistance within the next six months to help restore supplies of essential items, including fuel and medicines, to manage a severe economic crisis. Concept: The IMF assists countries hit by crises by providing them financial […]

    Trends in the tax revenue Subject: Economy Section: Fiscal Policy Context: Gross tax collections grew to Rs 27.07 lakh crore in FY22, a 33.5% rise over last fiscal’s mop-up. The improved revenue buoyancy also reflected in tax-to-GDP ratio rising to over two-decade high of 11.7% Details: India’s gross tax revenues surged 34% in […]

    SLR under the Held to Maturity (HTM) category Subject: Economy Section: Monetary Policy Context: The Reserve Bank of India (RBI) has enhanced the limit for banks to park Statutory Liquidity Ratio (SLR) securities such as Government Securities (G-Secs) in the Held to Maturity (HTM) category from 22 to 23% of NDTL or Net […]

    Liquidity Adjustment Corridor: Subject: Economy Section: Monetary Policy Context: The Reserve Bank of India (RBI) has introduced a non-collateralized Standing Deposit Facility (SDF) to absorb surplus liquidity from the banking system at a higher interest rate. RBI will now use SDF at 3.75% as the floor rate for Liquidity Adjustment Facility (LAF) corridor […]

    Deregulation of GM crops Subject: Economy Section: Agriculture Context: Anil Ghanwat, President of Swatantra Bharat Party and a member of the Supreme Court-appointed Committee on Farm Laws demanded the government must deregulate all GM Crops and varieties that have been approved in other developed countries. In News: As many States are reluctant in […]

    Surge in Marine Product Exports Subject: Economy Section: Growth and Development Context: India’s marine products exports reached a record high of $7.74 billion during 2021-22, achieving the 99% of the $7.809-billion target fixed by the Commerce Ministry for 2021-22. Concept: The US, China and Japan are the top three favourite destinations for Indian […]

    Fortified Rice Subject: Economy Section: PDS Context: The Union Cabinet approved a scheme to distribute fortified rice under government programmes like NFSA, ICDS, PM POSHAN and others. Background: In last year’s Independence Day speech, PM had announced the fortification of rice distributed under various government schemes, including the public distribution system (PDS) and […]

    Agri Exports Subject: Economy Section: External sector Context: Srilanka on restricted category India’s exports of agricultural products, including marine and plantation products, for 2021-22 hit a record at $50 billion. That was up 20% on year. Concept: The Indian government has been encouraging agricultural exports to meet an ambitious target of $60bn by […]