US inflation and impact on India Subject – Economy Context – On Wednesday, the United States’ Labor Department reported that retail inflation had spiked to 6.2 per cent in October. Concept – What is inflation rate? It is the rate at which prices increase over a given period. Typically, in India, the inflation […]

    Revenue Neutral Rate (RNR) Subject – Economy Context – A tax burden that attacks the federal rights of States Concept – RNR is the rate at which tax revenue remains the same despite giving credit of duty paid on inputs and other factors. It is the rate of tax that allows the Government […]

    Off-budget borrowings Subject – Economy Context – CAG flags Kerala’s off-budget borrowings to pay for welfare scheme Concept – Off-budget borrowings are loans that are taken not by the Centre directly, but by another public institution which borrows on the directions of the central government. Such borrowings are used to fulfil the government’s […]

    Current Account Deficit (CAD) Subject – Economy Context – CAD seen at 1.4% by March as crude soars Concept – The current account measures the flow of goods, services, and investments into and out of the country. It represents a country’s foreign transactions and, like the capital account, is a component of a country’s Balance of Payments (BOP). There […]

    Cotton Corporation of India (CCI) Subject – Economy Context – Cabinet okays Rs 17,409 crore to CCI for cotton procurement in 7 seasons to 2020-21 Concept – Cotton Corporation of India was established in 1970 under Companies Act 1956. It’s a Government of India’s corporate agency, engaged in diverse activities related to trade, […]