Saving Banks from a Black Swan Subject : Economy Section: Banking and Monetary policy Context: Government-provided recapitalisation packages to save banks from a black swan. Concept: Black Swan event? Nassim Nicholas Taleb, a former Wall Street trader, in his book ‘The Black Swan: The Impact of the Highly Improbable’ formulated the black swan […]
Merchandise Export Subject : Economy Section :External sector Context: The Economic Survey 2021-22 projected a GDP growth of 8-8.5 per cent in 2022-23, with exports playing a crucial role. Content: Merchandise export trends Merchandise exports touched an all-time high of $375 billion during April-February 2021-22 — more than yearly exports ever registered so […]
Power generation in India Subject : Economy Section: Energy Context: Govt to cut coal-based power share to 32% from 52% by 2030 Status of Power generation in India Need for such move: The move is in line with the government’s COP26 pledge of achieving 500 gigawatts (GW) of installed capacity based on non-fossil […]
Skilling for chip sector Subject: Economy Section: Unemployment Context: The Ministry of Electronics and Information Technology (MeitY) is in talks with select government funded higher education institutions to develop training and education programmes for around 2.5 lakh junior engineers for plant and shop floor management and around 5,000-6,000 research scholars who have at […]
Ukraine war and food crisis Subject: Economy Section: Food security Concept: Food prices across the world were already rising fast amid supply chain disruptions and pandemic-related inflation. However, some prices—especially that of wheat—have shot through the roof because of the Ukraine crisis A recently published report by the Food and Agriculture Organization (FAO) […]
Small saving instruments and monetary policy transmission Subject: Economy Section: Monetary policy and banking Context: The Reserve Bank of India (RBI) has sought a further reduction in interest rates on small saving instruments (SSIs) for the first quarter of fiscal 2022-23. Meanwhile, as per the RBI, with credit and deposit offtake picking up, […]
Divergence between CPI and WPI Subject: economy Section: Inflation Context: One striking feature of the Indian scenario is the difference between inflation as measured by the WPI and that evident in the Consumer Price Index (CPI) WPI inflation during the current financial year, in contrast to the trends observed in CPI-C inflation, has […]
Inflation Subject : economy Section: Inflation Context: Inflation has become a problem in India once again, well before it emerged globally and in the advanced countries as a major concern. In India, inflation rates of 6 per cent and above were evident even during the pandemic collapse, when much of the rest of […]