Asset monetisation Subject: Economy Context: The government is working on a Rs 6-trillion monetisation plan that will include a range of assets, disinvestment secretary TuhinKanta Pandey said on Wednesday, more than double the target announced by the prime minister earlier this year. The national monetisation plan will have a range of assets from […]
Prices of petrol and diesel Subject: Economy Context: Prices of petrol and diesel have remained unchanged for 24 days now, even though Brent price has dropped below $70 barrel Concept: Increase will not benefit the Centre much because the excise duty on petrol and diesel is a specific tax, charged on the number […]
The employment & unemployment status of India Subject: Economy Context: A quick look at the recently released Periodic Labour Force Survey (PLFS) reveals a decline in the unemployment rate from 5.8 per cent in 2018-19 to 4.8 per cent in 2019-20. Concept: The fall in the unemployment rate from the 45 year high […]
Foreign exchange reserves Subject: Economy Context: The Nation’s forex reserves surged by $9.427 billion to record high of $620.576 billion in the week ended July 30, according to the latest data from the RBI. Concept: FCA increased by $8.596 billion to $576.224 billion in the reporting week. It is expressed in dollar terms, […]
Factors to boost exports Subject: Economy Context: Prime Minister Narendra Modi today listed four factors to boost exports and urged all stakeholders to identify new products and destinations. The factors include increasing manufacturing manifold, removing logistical problems, coordination between exporters and government, and finding more global markets for Indian products At present our […]
Government Securities Acquisition Programme (G-SAP) Subject: Economy Context: The RBI also proposes to conduct two more auctions of Rs 25,000 crore each on August 12 and August 26, 2021 under G-SAP 2.0. (the government securities acquisition programme ) Context: Under G-SAP, the RBI will purchase government securities worth Rs 1 lakh crore in […]