FAANG STOCKS TOPIC: Economy Context- Thanks to the meme stocks and the vitality of the ‘FAANG’ stocks in the US markets during the pandemic, retail participation in developed markets peaked at 56 percent in 2021. Concept- FAANG Stocks: FAANG is an acronym for five big tech giants namely: Facebook, Amazon, Apple, Netflix and […]
PROGRESSIVE & REGRESSIVE TAXATION TOPIC: Economy Context- It is a myth that the poor don’t pay taxes as they pay a significant amount through indirect taxes. Concept- Some ‘taxing’ issues in India’s fiscal policy: The ‘middle- class’ complain that while they pay taxes, the poor get all the subsidies from the government. This […]
Where have all the ₹2,000 notes gone? TOPIC: Economy Context- No fresh indent for printing of ₹2,000 notes was given to the RBI during FY20 and FY21, govt told Lok Sabha. Concept- There is a disconnect between the number of ₹2,000 notes in circulation as per Reserve Bank of India data and their […]
INTELLECTUAL PROPERTY (IP) TOPIC: Economy Context- The 2021 Notorious Markets List identified 42 online markets and 35 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy. It includes Indian e-commerce website India Mart and physical markets such as Palika Bazar in New Delhi, Heera Panna in […]
REGULATIONS REVIEW AUTHRITY (RRA 2.0) TOPIC: Economy Context- The Regulations Review Authority (RRA 2.0) has recommended withdrawal of additional 100 circulars in the second tranche of recommendations. Concept- Regulations Review Authority (RRA): In 1999, the RBI had set up a Regulations Review Authority (RRA) for reviewing the regulations, circulars, reporting systems, based on […]
CPI (CONSUMER PRICE INDEX) TOPIC: Economy Context- The all-India Consumer Price Index for Agricultural and Rural Labourers (CPI- AL & RL) continued to decrease in January. The fall came from food group due to decrease in prices of pulses, mustard-oil, fresh fish, sugar, gur, onion, vegetables and fruits. The fall/rise in index varied […]
LIC’s MEGA IPO Topic: Economy Context: LIC’s IPO, which is likely to run from March 10-14, can raise as much as 25 percent of the total capital raised in India last year. Concept: In 2021, India saw a record total capital-raise of $34 billion, of which IPOs accounted for $16 billion. What is […]
India’s first water taxi service TOPIC: Economy Context- India’s first water taxi service was inaugurated in Maharashtra connecting the Navi Mumbai area to mainland Mumbai. Concept- What’s a water taxi? A water taxi is used to provide public or private transport, usually, but not always, in an urban environment. The earliest water taxi […]
UPI TOPIC: Economy Context- Nepal to become first country to deploy India’s UPI platform. Concept- Unified Payments Interface (UPI): NPCI launched UPI with 21 member banks in 2016. It is an advanced version of Immediate Payment Service (IMPS)- round–the-clock funds transfer service to make cashless payments faster, easier and smoother. UPI is a […]