Core Industries Subject: Economy Context: The output of eight core industries’ grew 8.9 per cent in June largely due to base effect, official data showed on Friday Concept: Core industry can be defined as the main industry which has a multiplier effect on the economy. In most countries, there is particular industry that […]
CPI Subject: Economy Context : The all India Consumer Price Index for Industrial Workers (CPI-IW) for June increased by 1.1 points and stood at 121.7. It increased by 0.91 per cent than May and 0.61 per cent when compared to June 2020. Concept: CPI is a measure of retail inflation (WPI measure wholesale inflation) […]
Fiscal Deficit Subject: Economy Context: The Finance Ministry on Friday reported a fiscal deficit of 18.2 per cent of the Budget Estimate (BE) for the April-June quarter, the lowest since 2010-11 Concept: The government describes fiscal deficit of India as “the excess of total disbursements from the Consolidated Fund of India, excluding repayment […]
K-shaped recovery Vs V-shaped recovery Subject: Economy Context: Economic Adviser (CEA) Krishnamurthy Subramanian acknowledged on Thursday that some parts of the economy may be witnessing a K-shaped recovery, as smaller firms and urban poor had been hit harder by the pandemic, but stressed that India’s overall economic rebound remains V-shaped. Concept: K-shaped recovery […]
Crowing Out of Investment Vs Crowing Out of Investment Subject: Economy Context: Concerns about high government borrowings crowding out the private sector’s fundraising efforts were misplaced and not based on evidence, Chief Economic Advisor Krishnamurthy Subramanian asserted on Thursday reacting to comments made by a member of the Securities and Exchange Board of […]
Urban Co-operative Banks (UBBs) Subject: Economy Context: The Reserve Bank of India (RBI) has cancelled the licence of The Madgaum Urban Co-operative Bank Limited, Margao, Goa. Concept: Cooperative banks are financial entities established on a co-operative basis and belonging to their members. This means that the customers of a co-operative bank are also its […]
Limited Liability Partnerships (LLPs) Subject: Economy Context: In a booster shot for the start-up ecosystem in the country, the Union Cabinet, on Wednesday, approved amendments to the Limited Liability Partnership Act 2008. Concept: Limited liability partnerships (LLPs) Limited liability partnerships (LLPs) allow for a partnership structure where each partner’s liabilities are limited to […]
Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill Subject: Economy Context: The Union Cabinet, on Wednesday, approved the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill. Concept: DICGC Deposit insurance is a protection cover for deposit holders in a bank when the bank fails and does not have money to pay its depositors. […]
Options and futures Subject: Economy Context: Derivative traders on the National Stock Exchange were taken by surprise on Wednesday, when Nifty futures for August expiry crashed 5 per cent or over 531 points to a low of 15,256 from its opening level of 15,787 Concept: Options and futures are similar trading products that […]