Base Rate Subject – Economy Context – SBI lifts base rate a tad, to affect pre-2019 loans Concept – Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers. Base rate is decided in order to enhance transparency in […]

    Central Bank Digital Currency (CBDC) Subject – Economy Context – RBI board discusses private cryptos, central bank digital currency Concept – The term central bank digital currency (CBDC) refers to the virtual form of a fiat currency. A CBDC is an electronic record or digital token of a country’s official currency. As such, […]

    Tapering Subject – Economy Context – THE US Federal Reserve said that it will curtail its extraordinary policy support for the American economy more quickly than predicted and underscored its plans to hike interest rates three times next year. Concept – Fed tapering is the gradual reduction in the bond buying program of […]

    Project Development Cells (PDCs) Subject – Economy Context – Officials across ministries are working with investors to facilitate 863 projects with an investment of $121 billion across sectors, including chemicals and petrochemicals, steel and heavy industry Concept – Project Development Cells will be dedicated units in select ministries whose primary task will be […]

    Rupee Depreciation Subject – Economy Context – FPI outflow, fears over US Fed taper pull Re below 76-mark Concept – Currency depreciation is a fall in the value of a currency in a floating exchange rate system. In a floating exchange rate system, market forces (based on demand and supply of a currency) […]

    Char Dham Highway Project Subject – Economy Context – Supreme Court approves widening of three Char Dham highways Concept – It aims to connect four Hindu holy towns of Yamunotri, Gangotri, Kedarnath, and Badrinath in Uttarakhand and is a 900-KMS long project. It will widen almost 900 km of highways connecting the pilgrimage sites and the Tanakpur-Pithoragarh stretch of National […]