Imported Inflation Subject: Economy Section: Inflation and Unemployment When the general price level rises (considerable and persistent over a longer period of time) in a country because of the rise in prices of imported commodities, inflation is termed as imported inflation. For example-Two key contributors to India’s imports are: Crude Oil and Gold. […]
Currency depreciation – Impact of Depreciation of Indian Rupee Topic: Economy Content: Currency depreciation is a fall in the value of a currency in a floating exchange rate system. Rupee depreciation means that the rupee has become less valuable with respect to the dollar. It means that the rupee is now weaker than […]
Ukraine War and agri-commodities Topic: Economy Content: Ukraine and Russia is a major exporter of agricultural produce and their supplies will get disrupted, leading to increase in food prices. While wheat prices are up nearly the double year-on year, corn are up by 41 per cent and rice by nine per cent since […]
India’s energy mix needs a LNG boost TOPIC: Economy Context- Prime Minister Narendra Modi, addressing a webinar on ‘Energy for Sustainable Growth’, said that sustainable growth is possible only through sustainable energy sources. The government maintains that the MoPNG works in collaboration with various other Central Ministries/State governments/stakeholders to reduce import dependency on […]
Impact of Russia Invasion of Ukraine on Global and Indian Economy Topic: Economy Context: Russian invasion on Ukraine impacting the global crude oil prices Global Impact-War has immediate consequences for global trade, capital flows, financial markets and access to technology. Global trade will be immediately impacted by economic sanctions on both sides. Exports […]
ENGEL’S LAW TOPIC: Economy Context- The pandemic induced lockdowns resulted in a sharp rise in food share across rural and urban India and among all socioeconomic groups comprising various castes and religions, but at different rates. Concept- The shock of the pandemic caused breakdowns in food supply chains and a fall in food […]
India Russia Trade Topic: Economy Context: India’s exports to Russia come under a shadow following economic and banking sanctions imposed by the US, the UK and the EU for invading Ukraine. Concept: Russia is India’s 25th largest trading partner and imports considerable volumes of Tea, pharmaceuticals, mobile phones and other electronics, machinery, iron […]
SILVER LINE PROJECT KERALA TOPIC: Economy Context- The proposed 529.45-km line will link Thiruvananthapuram in the south to Kasaragod in the north, covering 11 districts through 11 stations. Concept- The project entails building a semi high-speed railway corridor through the state linking its southern end and state capital Thiruvananthapuram with its northern end […]