Retail Inflation Subject – Economy Context – ‘India’s retail inflation likely accelerated in Nov. to 5.1%’ Concept – The change in the consumer price index over a period of time is referred to as CPI-based inflation, or retail inflation. The CPI is an index measuring retail inflation in the economy by collecting the […]

    Variable Reverse Repo Rate (VRRR) Subject – Economy Context – RBI increases 14-day VRRR amount in December to shift out of overnight auctions Concept – RBI’s rebalancing of liquidity management started in February 2020, as the central bank shifted its liquidity absorption tool out of the fixed-rate overnight reverse repo window into VRRR […]

    RBI keeps the Repo Rates Unchanged Subject – Economy Context – The Monetary Policy Committee (MPC) of the Reserve Bank of India on Wednesday kept key policy rates unchanged for the ninth time in a row Concept – The bank has kept the repo rate — the rate at which the RBI lends […]

    E-commerce at WTO Subject – Economy Context – WTO Ministerial Conference (MC12) got postponed due to the outbreak of the Covid-19 pandemic Concept – When e-commerce was still at a nascent stage, in September 1998, the work programme on e-commerce was adopted by the General Council of the WTO. The programme was largely […]

    Employment vs Unemployment Rate Subject – Economy Context – Uttar Pradesh Chief Minister stated that the unemployment rate in the state was more than 17 per cent in the year 2016 and had now come down to four to five per cent. Concept – The Labour Force consists of persons who are of […]

    Bank for International Settlements (BIS) Subject – Economy Context – Omicron shows policymakers can’t let guard down: BIS Concept – Established in 1930, the BIS is owned by 60 central banks, representing countries from around the world that together account for about 95% of world GDP. Its head office is in Basel, Switzerland. The Bank for International Settlements is […]