REPO & REVERSE REPO RATES TOPIC: Economy Context- Banks interest rates are based on repo & reverse repo rates. Concept- Repo Rate: The interest rate that the RBI charges when commercial banks borrow money from it is called the repo rate. Reverse Repo: The interest rate that the RBI pays commercial banks when […]

    BUILDINGS SAFETY STANDARDS TOPIC: Economy Context- Two people were killed and several others injured on February 10 when a portion of a flat collapsed at Chintels Paradiso housing complex in Gurgaon’s Sector 109. The incident has raised apprehensions regarding safety standards of multi-story residential buildings. Concept- How to know if a house is […]

    CREDIT GUARANTEE TO SMEs TOPIC: Economy Context- The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has included non-scheduled urban co-operative banks (NSUCBs), state co-operative banks, and district central co-operative banks as member lending institutions (MLIs) under a scheme that provides guarantee for the collateral-free loans given to micro and small […]

    EASE OF DOING BUSINESS (EoDB) TOPIC: Economy Context- A research report by think tank ORF identifies a staggering 26,134 imprisonment clauses in the thousands of laws that govern businesses in India. According to the report, “Of the 1,536 laws that govern doing business in India, more than half carry imprisonment clauses. Concept- Ease […]

    RBI’s Prudential Norms on Income Recognition- Asset Classification and Provisioning’ TOPIC: Economy Context- Loans can be upgraded from NPA to standard category only after repayment of arrears: RBI says in its Prudential Norms on Income Recognition, Asset Classification and Provisioning’. Concept- This means is that if a borrower has two credit facilities, with […]

    EXPENDITURE ON R&D TOPIC: Economy Context- To move from stagnation in R&D to a more dynamic ecosystem would require action on many fronts, including more government spending. Concept- The most used indicator to measure country-wise investments in R&D is the gross domestic expenditure on R&D (GERD) as the percentage of gross domestic product […]

    RUBBER BILL 2022 TOPIC: Economy Context- The Union Ministry of Commerce and Industry has proposed to repeal the Rubber Act, 1947 and replace it with the Rubber (Promotion and Development) Bill, 2022. Concept- How is the Bill different from the Rubber Act of 1947? The Bill brings natural rubber, its cultivation, rubber plantations, […]