Export basket Subject: Economy Section: External Sector Context: India’s exports of goods surged to a record high of $417.8 billion in FY22. Exports for the year were 43.2 percent higher than shipments of $291.8 billion in FY21 and 26.6 percent higher than exports of $330.1 billion in FY19, which saw India’s previous record […]
Demographic Dividend Subject: Economy Section: Economic Development Context: About the report: The report on India’s Demographic Dividend released by industry body CII argues that not only is there a shortage of time, but also that the rise in India’s working age population is necessary but not sufficient for it to sustain the economic […]
Sikkim tax free Subject: Economy Section: Fiscal policy Context: The market share of Sikkim-based traders on the Multi Commodity Exchange (MCX) in Mumbai climbed to 5.5 per cent from nil just over a couple of years ago as compared to some of the densely populated States that are seeing much less volume despite […]
LAF Subject: Economy Section: Monetary Policy Concept: Liquidity adjustment facility (LAF), also known as the liquidity corridor, essentially indicates the difference between the repo rate and the reverse repo rate. It was introduced in year 2000 following recommendation of Narasimham Committee Report on Banking Reforms. Before that in April 1999, an Interim LAF […]
Softbank slowing down investments and possible impact in India Subject: Economy Section: Indian Economy Context: The founder of Softbank Masayoshi Son has told his top executives to slow down investments, according to a report by Financial Times. Cause: Falling tech stocks and a regulatory crackdown in China –leading to fall in stock of […]
Retail prices of petrol and diesel need to soften to provide much-needed relief to consumer Subject: Economy Section: Fiscal policy Context: In the past few days, retail prices of petrol and diesel have consistently increased to all-time high levels. Concept: Public sector Oil Marketing Companies (OMCs) revise the retail prices of petrol and […]
Exide Industries to invest ₹6000 cr to set up giga factory in Karnataka Subject: Economy Section: Indian economy Context: Giga factories coming up in India Concept: Giga factory is a term that we can first trace back to it being used by Elon Musk’s Tesla, for the then-upcoming lithium-ion battery manufacturing facility in […]
What determines exchange value of currency – rubble case study Subject: Economy Section: External Sector Context: The Russian ruble has staged an impressive recovery after it lost about half of its value in the wake of Russia’s invasion of Ukraine. Concept: The currency has recovered almost all of the losses it incurred following […]
External debt Subject: Economy Section: External Sector Context: India’s external debt continues to be sustainable and prudently manageable Key Developments: India’s external debt increased by $11.5 billion sequentially in October-December 2021 and it rose by $46.6 billion on a year-on-year basis. The percentage of the external debt to the Gross Domestic Product (GDP) declined slightly […]