ECGC Ltd. Risk Perception Subject: Economy Section: External sector Concept: ECGC Ltd. (Formerly known as Export Credit Guarantee Corporation of India Ltd.) wholly owned by the Government of India (Ministry of Commerce and Industry), was set up in 1957 as  Export Risks Insurance Corporation with the objective of promoting exports from the country […]

    Public Issue Subject: Economy Section: Money and monetary policy Context: The Securities and Exchange Board of India (Sebi) revised the limits for Unified Payment Interface (UPI) in IPOs by retail investors from Rs 2 lakh to Rs 5 lakh. Earlier in December 2021, the National Payments Corporation of India (NPCI) enhanced the limit […]

    Global Sovereign Bonds Subject: Economy Section: External Sector Context: Global sovereign borrowing will reach $10.4 trillion in 2022, almost a third above the average before the COVID-19 pandemic, according to the S&P Global Ratings. While 137 countries will borrow an equivalent of $10.4 trillion in 2022, an estimated 30% lower than 2020, the […]

    Fertilizer subsidy Subject: Economy Section: Fiscal Policy Context: Elevated global commodities prices are jacking up subsidy expenditure on fertilizers. Farmers in the country continue to be insulated from the relentless rise in global prices of urea and natural gas. Another sharp hike in the subsidy would amount to an unraveling of the ‘decontrol’ […]

    Relation of BOP with the exchange rate Subject: Economy Section: External Sector Context: exchange rate and BOP India’s BoP is a ledger of its transactions with the rest of the world. It shows how much money went out of the country and how much money came into the country through international transactions. These […]

    External exposure and risk Subject: Economy Section: External Sector Context: Global inflation, the launch of a monetary tightening cycle in the US with increased interest rates, depreciating exchange rates and the fallout of the war in Ukraine are forcing many countries to borrow their way out of balance of payments difficulties. Concept: India’s […]

    The India-Australia FTA Subject: Economy Section: External Sector  Context: India-Australia FTA Concept: The India-Australia FTA, officially called the Australia-India Economic Cooperation and Trade Agreement, is the first trade agreement signed by India with a developed economy after more than a decade. Details: The Agreement encompasses cooperation across the entire gamut of bilateral economic […]