Tariff Authority for Major Ports (TAMP) Subject – Economy Context – TAMP asks DP World to file proposal on new charges at Vallarpadam terminal Concept – The Tariff Authority for Major Ports, the rate regulator for major ports, has asked DP World-run India Gateway Terminal Pvt Ltd to file a proposal before it […]
Nobel Prize for Economics 2021 Subject – Economy Context – Nobel Prize for economics goes to 3 US-based economists Concept – Three US-based economists won the 2021 Nobel prize for economics for pioneering research on the labour market impact of minimum wage, immigration and education, and for creating the scientific framework to allow […]
FDI caps in different industry Subject – Economy Context – ‘49% FDI cap for Air India to stay’ Concept – Private Airlines 100% FDI Foreign Airlines 49% FDI cap Foreign investments in Air India 49% FDI cap Indian Nationals investment (including NRI) in Air India 100% FDI Foreign investment(s) in Air India Ltd, […]
Super-critical Subject – Economy Context – States sound the alarm on coal crisis Concept – According to the latest coal stock data of the 135 plants with over 165 GW of installed generation capacity monitored by the Central Electricity Authority (CEA), as many as 70 plants are categorised as “supercritical” or having less […]
Rating Agencies Subject – Economy Context – Rating agency Moody’s changed India’s sovereign rating “outlook” from “negative” to “stable”. Concept – Rating agency Moody’s changed India’s sovereign rating “outlook” from “negative” to “stable”. Moody’s hasn’t changed India’s ratings as a bond issuer; that continues to be the lowest investment grade (Baa3). But the […]
Free Trade Agreements (FTAs) Subject – Economy Context – Exports on track for FY22, aim $450-500 bn next year: Piyush Goyal Concept – A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can […]
Forex Reserves Subject – Economy Context – Over $1-billion slide in currency assets pulls down reserves Concept – Falling forex reserves may cause issues for the government and the RBI in managing the nation’s external and internal financial issues. Higher reserves are a big cushion in the event of any crisis on the […]
Kanniyakumari clove gets GI Tag Subject – Economy Context – Kanniyakumari clove gets GI Tag Concept – The spices growers of Kanniyakumari have obtained the Geographical Indication Tag for the clove being grown in the hilly regions of the district as it is known for its rich aromatic oil content. Clove, one of […]
Global minimum tax Subject – Economy Context – Global Deal to End Tax Havens Moves Ahead as Nations Back 15% Rate Concept – To know about the tax, please click here and here.
Chief Economic Advisor to the Government of India Subject – Economy Context – CEA steps down as 3-yr tenure ends Concept – The Chief Economic Adviser (CEA) is a post in Government of India and is equivalent to rank of Secretary to the Government of India. The CEA is the ex-officio cadre controlling […]