National Policy on Electronics 2019 Subject – Economy Context – India is likely to achieve electronics production of $300 billion by 2026, lower than the target of $400 billion by 2025 set as per the National Policy on Electronics (NPE) 2019, according to a vision document Concept – The National Policy on Electronics […]
Accommodative monetary policy Subject – Economy Context – An accommodative stance on public spending in budget holds key to economic revival Concept – Accommodative monetary policy, also known as loose credit or easy monetary policy, occurs when a central bank attempts to expand the overall money supply to boost the economy when growth is […]
Independent Directors Subject – Economy Context – ICICI Bank fines former independent Director Rs 2 lakh Concept – An Independent Director is a director on a board of directors representing minority shareholders and who does not have a pecuniary relationship with the company or related persons, except for sitting fees. Their role is […]
K-shaped Recovery Subject – Economy Context – Income of poorest fifth plunged 53% in 5 years; those at top surged. This stark K-shaped recovery emerges in the latest round of ICE360 Survey 2021, conducted by People’s Research on India’s Consumer Economy (PRICE), a Mumbai- based think-tank. Concept – A K-shaped recovery occurs when […]
Fiscal Consolidation Subject – Economy Context – Two years of real growth in economic activities have been wiped out by COVID-19, which the Budget must take note of and support growth and fiscal consolidation. Concept – Fiscal consolidation implies reduction in debt accumulation and fiscal deficit. Governments undertake different policies to achieve fiscal […]
Force Majeure Subject – Economy Context – Investigations must be carried out against former top officials at the Department of Space (DoS) who suppressed crucial information related to the Devas-Antrix deal which led the Cabinet to cancel the agreement in 2011 citing force majeure instead of fraud, a key official who was entrusted […]