RBI Micro Finance Framework Subject: Economy Section: Monetary Policy RBI (Regulatory Framework for Microfinance Loans) Directions, 2022– framework for regulated lenders, including scheduled commercial banks, small finance banks, NBFC-MFIs and NBFC-Investment and Credit Companies. The guidelines will take effect 1st April 2022. All collateral-free loans, provided to low income households (with annual income […]
Unemployment rate Topic: Economy Section: Unemployment and Inflation Latest report- Periodic Labour Force Survey (PLFS) of April-June 2021. 12.7 persons out of 100 in the labour force are unemployed. The unemployment rate among the labour force between 15 and 29 years is 25.5. In the last quarter it was 22.9 and in the […]
Inflation-Wholesale Price Index Topic: Economy Section: Inflation and unemployment Context: The retail inflation hit an eight-month high to 6.7% and WPI over 13% in February. Content: Inflation is defined as a situation where there is sustained, unchecked increase in the general price level and a fall in the purchasing power of money. Thus, […]
India’s Energy Mix Topic: Economy Section: Energy Context- While downscaling coal, India needs to look beyond solar, at hydel and nuclear power- IPCC Concept- The latest report of the Intergovernmental Panel on Climate Change (IPCC) counts India among the countries more vulnerable to climate change, which underscores the need for urgent action. India […]
Import Intensity of Exports Topic: Economy Section: External Sector Context: The depreciation in the value of the rupee may be good for the country’s export sectors, but there’s a vulnerable sub-category that’s adversely impacted: labour-intensive export sectors such as gems and jewellery, pharmaceuticals and electronics that are highly dependent on imports of inputs. […]