Special Drawing Rights Subject – Economy Context – IMF allocates 12.57 billion SDRs to India. Concept – The SDR is an international reserve asset, created by the International Monetary Fund (IMF) in 1969 to supplement its member countries’ official reserves. The SDR is neither a currency nor a claim on the IMF. Rather, […]
Foreign Portfolio Investment Subject – Economy Context – FPIs catch IPO bug, invest ₹36,577 cr via primary route Concept – It consists of securities and other financial assets passively held by foreign investors. It does not provide the investor with direct ownership of financial assets and is relatively liquid depending on the volatility […]
Purchasing Manager’s Index (PMI) Subject – Economy Context – August manufacturing PMI shows recovery losing steam. Concept – It is a survey-based measure that asks the respondents about changes in their perception about key business variables as compared with the previous month. The purpose of the PMI is to provide information about current and future business conditions to […]
Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) Subject – Economy Context – Loan guarantee scheme to make healthcare infra third wave-ready: Nirmala Sitharaman. Concept – Finance Minister Nirmala Sitharaman said government-guaranteed loans for Covid-affected sectors would help in building healthcare infrastructure and related capacity to help deal with a possible third wave. Under the […]
International Central Securities Depositories (ICSDs) Subject – Economy Context – The Reserve Bank of India (RBI) is planning to enable international settlement of transactions in government securities (G-secs) through International Central Securities Depositories (ICSDs), to help expand the investor base for the G-secs market, RBI Governor Shaktikanta Das said. Concept – An international […]
G-Sec Subject – Economy Context – Overseas settlement of G-sec deals on anvil: Das. Concept – Government securities are debt instruments of a sovereign government. They sell these products to finance day-to-day governmental operations and provide funding for special infrastructure and military projects. These investments work in much the same way as a corporate debt issue. By issuing debt, […]
Index of Industrial Production (IIP) Subject – Economy Context – Core sector logs 9.4% growth Concept – It is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period. It is compiled and published monthly […]
Different types of Economic Recoveries Subject – Economy Context – The government said the NSO numbers reaffirmed its prediction of an “imminent V-shaped recovery”. Concept – Economic recovery can take many forms, which is depicted using alphabetic notations. For example, a Z-shaped recovery, V-shaped recovery, U-shaped recovery, elongated U-shaped recovery, W-shaped recovery, L-shaped recovery and K-shaped recovery. K-Shaped Recovery: A K-shaped recovery occurs […]