Indian economy recovery Subject: Economy In news: The Indian economy is in a vicious cycle of low growth and higher inflation. 1. Economic Recovery It is the business cycle stage following a recession that is characterized by a sustained period of improving business activity. Normally, during an economic recovery, GDP grows, incomes rise, […]

    Policy Stance of RBI Subject: Economy Context: The Monetary Policy Committee (MPC) is seen unanimously voting to continue status quo on the policy repo rate as a solid increase in aggregate demand is yet to take shape even as the retail inflation print in May and June was above its upper tolerance level. […]

    e-RUPI Subject: Economy Context: Taking the first step towards having a digital currency in the country, Prime Minister Narendra Modi will launch an electronic voucher based digital payment system “e-RUPI” Monday. Concept: e-RUPI is an electronic voucher based digital payment system. The platform has been developed by the National Payments Corporation of India […]

    Anti-dumping duty Subject: Economy Context: The government has initiated a sunset review investigation on continuing imposition of anti-dumping duties on steel wire rods originating from China Concept: Anti-dumping duties are imposed when it is conclusively proved that a particular item is being exported at a price lower than what is prevailing in the […]