International Financial Service Centre (IFSC) Subject – Economy Context – The IFSC should turn its attention towards increasing the pool of investors in GIFT city. Concept – An IFSC caters to customers outside the jurisdiction of the domestic economy. Such centres deal with flows of finance, financial products and services across borders. An expert panel headed by […]

    Status of the total renewable energy capacity in the country Subject: Economy Context: There has been a marked increase in new capacity additions of wind and solar, particularly rooftop solar, in the first quarter of FY21. Concept: Total renewable energy capacity in the country was, as of July 31, a shade under the […]

    Liquidity Control by RBI Subject: Economy Context: The economy has not yet bounced back to levels where the Reserve Bank of India (RBI) can start draining out the liquidity, Finance Minister Nirmala Sitharaman has said Concept: The relationship between the Government and the RBI is both are working as partners to address the […]

    Retail Inflation Subject: Economy Context: Retail inflation cooled slightly to 5.6% in July, slipping below the central bank’s upper tolerance threshold of 6% for the first time in three months, even as industrial output growth halved from 28.6% in May to 13.6% in June, as base effects from the national lockdown of 2020 […]

    Demerit or sin goods Vs merit good Subject: Economy Concept: Demerit or sin goods In economics, a demerit good is “a good or service whose consumption is considered unhealthy, degrading, or otherwise socially undesirable due to the perceived negative effects on the consumers themselves”. It is over-consumed if left to market forces. Examples […]

    Secondary Market Subject: Economy Context: Ten major lenders, including State Bank of India, ICICI Bank, Canara Bank and Standard Chartered Bank, have for the first time joined hands to set up an online platform for trading of corporate loans in the secondary market. Concept: This is the market wherein the trading of securities […]

    Eponyms in Economy Subject: Economy Context: Modern language is simply peppered with eponyms. When you talk about Concept: What is an eponym? A word derived from the proper name of a person most closely associated with the phenomenon is called an eponym ‘Matthew’s law’ is summarized by the adage “the rich get richer […]