Derivative Trading Subject – Economy Context – Capital and commodity markets regulator Securities and Exchange Board of India (SEBI) has suspended futures and options trading for one year in a host of agricultural commodities including chana, mustardseed, crude palm oil, moong, paddy (Basmati), wheat and soyabean and its derivatives. Concept – Derivative is […]
Fuel Taxes Subject – Economy Context – Centre rakes in Rs 3.72 lakh crore, low basic excise duty limits states’ share Concept – As of now LPG, kerosene, naphtha, furnace oil, and light diesel oil are under GST. Five other petroleum products viz. crude oil, high speed diesel, motor spirit (petrol), natural gas, […]
Energy Efficiency Subject – Economy Context – The human development index of countries like Japan and Germany is similar to the US but their energy consumption is significantly lower Concept – The world’s energy usage is projected to double in a few decades. “Net Zero by 2050”, a report by the International Energy […]
Retail Inflation preferred over Wholesale Inflation Subject – Economy Context – Policymakers are not concerned with rise in wholesale inflation Concept – Policymakers within the government prefer to focus on retail inflation. The RBI, which is India’s central bank charged with the mandate to maintain stable prices in the country, also chooses to […]
Open Acreage Licensing Policy Subject – Economy Context – India offers 8 oil, gas blocks for bidding in latest round Concept – The Hydrocarbon Exploration and Licensing Policy (HELP) replacing the erstwhile New Exploration Licensing Policy (NELP) was approved in March 2016 and the Open Acreage Licensing Policy (OALP) along with the National Data Repository (NDR) were launched in June 2017 as […]
Petroleum and Natural Gas Regulatory Board Subject – Economy Context – City gas licensing round draws 430 bids Concept – It is a statutory body in India, constituted under the act of Parliament of India, namely Petroleum and Natural Gas Regulatory Board Act, 2006. Its primary functions include regulation of refining, transportation, distribution, […]