Higher GST on RE devices and parts Subject – Economy Context – FinMin announces higher GST on RE devices and parts Concept – The Finance Ministry has notified 12 per cent rate of goods & services tax (GST) on solar photo-voltaic (PV) module and other renewal energy (RE) equipment with effect from Friday. […]
Credit Rating in India Subject – Economy Context – Credit ratio improves in first half of FY22 Concept – What is Credit Rating? A credit rating is an assessment of the creditworthiness of a borrower in general terms or with respect to a particular debt or financial obligation. A credit rating can be […]
Accommodative monetary policy Subject – Economy Context – RBI may signal policy normalisation on October 8, Standard Chartered says. Concept – To know about Accommodative monetary policy, please click here. To know about Monetary Policy Committee, please click here.
Paddy Procurement Delay Subject – Economy Context – Punjab, Haryana farmers are upset about paddy procurement delay Concept – Only the paddy crop is procured by the government on minimum support price, while basmati is purchased by private players/basmati exporters in both states. Today, farmers opt for any of several short-duration varieties that […]
Current Account Surplus Subject – Economy Context – Current account surplus slides to $6.5 billion in Q1 Concept – To know about Current Account and BoP, please click here.
Fiscal Deficit Subject – Economy Context – Fiscal deficit touches 31.1% of FY target Concept – To know about Fiscal deficit, please click here. To know about other Budgetary Terms, please click here.
Core sectors Subject – Economy Context – Core sector grew 11.6% in August Concept – To know about Core Sectors, please click here. To know about IIP, please click here.
Financial Sector Regulators Subject – Economy Context – Financial sector regulators must foster competition: CEA Concept – Financial sector regulators must adopt a “developmental” mindset to increase access and encourage competition in the sectors that they oversee, whether it be mutual funds, pensions or insurance, Krishnamurthy Subramanian, Chief Economic Advisor to Finance Ministry […]
Emergency Credit Line Guarantee Scheme (ECLGS) Subject – Economy Context – Govt. extends emergency credit scheme till March Concept – To know about ECLGS, please click here.
Prompt Corrective Action Framework (PCAF) of RBI Subject – Economy Context – RBI lifts PCA curbs on IOB post review Concept – To know about PCA, please click here. PCA is a framework under which banks with weak financial metrics are put under watch by the RBI. The RBI introduced the PCA framework in 2002 as a structured […]