Gross domestic product (GDP) Subject – Economy Context – Economy grows robust 8.4% in Q2 Concept – Gross domestic product (GDP) is the single standard indicator used across the globe to indicate the health of a nation’s economy: one single number that represents the monetary value of all the finished goods and services […]

    Government Owned Contractor Operated (GOCO) Model Subject – Economy Context – The Army’s ambitious plan for modernisation of the Army Base Workshops (ABWs) and implementation of ‘Government-owned, contractor-operated (GOCO)’ model is “delayed” and the original timeline for implementing the system lapsed in December 2019, the Comptroller and Auditor General (CAG) said in its […]

    Bank notes Topic: economy Context: The government has no plan to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman informed the Lok Sabha on Monday. Concept: RBI Act 1934: The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank […]

    Connected and circular lending Subject: Economy Context: The Reserve Bank of India (RBI) has kept in limbo the proposal of its Internal Working Group (IWG) for granting banking licence to big corporate houses amid fears over connected lending and self-dealing if they are allowed in the banking space. Concept: Connected lending: Connected lending […]

    Cross border insolvency Subject: Economy Context: The ministry of Corporate Affairs (MCA) has published a draft framework for cross border insolvency proceedings based on the UNCITRAL (United Nations Commission on International Trade Law) model under the Insolvency and Bankruptcy Code. Concept: Cross border insolvency proceedings are relevant for the resolution of distressed companies […]

    Monetary Policy Stances Subject – Economy Context – ‘RBI must aid growth by staying accommodative’ Concept – The process of drafting, announcing & Implementing the plan of actions taken by the Central Bank of a Country (In India, Reserve Bank) that controls the quantity of money in an Economy. Monetary Policy Committee of […]

    Related Party Transaction (RPT) Subject – Economy Context – Asian Paints’ promoters must resign from board: In govern Concept – RPT means transaction between: Listed entity and a related party of the listed entity; Listed entity and a related party of the subsidiary of the listed entity; Subsidiary of the listed entity and […]