PFRDA Subject: Economy Context: India’s pension funds will soon be allowed to invest in select publicly listed companies and initial public offerings, the sector regulator said. Pension Fund Regulatory and Development Authority (PFRDA) Concept: Currently pension funds can only invest in companies with market cap more than ₹5,000 crore which also are in the […]

    Petrol price and inflation Subject: Economy Context: The government’s revenue collections from excise duty on petroleum products jumped over 74 per cent year-on-year to Rs 3.45 lakh crore in 2020-21, according to government data. Concept: Government revenue and petrol prices The country has seen a 21.7 per cent increase in the price of […]

    Monetary Transmission Subject: Economy Context: Data collected from banks by the RBI suggests the share of outstanding loans linked to external benchmarks — mostly the repo rate which is at 4 per cent — increased from as low as 2.4 per cent during September 2019 to 28.5 per cent during March 2021 Concept: […]

    SC reserves order on telcos’ pleas in AGR case Subject: Economy Context: The Supreme Court has reserved orders on pleas made by telecom majors for a chance to place their grievances about arithmetical errors in the calculation of Adjusted Gross Revenue (AGR) dues before the Department of Telecom (DoT). Concept: The Supreme Court […]

    Inflation Subject: Economy Context: While Covid has destroyed our way of life, few predicted how global shutdowns of factories, refineries, and mines could impact prices. Concept: Cost-push inflation occurs when overall prices increase (inflation) due to increases in the cost of wages and raw materials. Higher costs of production can decrease the aggregate […]