Asset Reconstruction Company Subject: Economy Context: The much-awaited bad bank — National Asset Reconstruction Company Ltd (NARCL) has been incorporated, with the Corporate Affairs Ministry giving legal recognition few days back. Concept: The setting up of an ARC along with an asset management company (AMC) (to be called India debt Management Company to […]

    APEDA and NAFED MoU Subject: Economy Context: APEDA, under the Commerce &Industry Ministry, would facilitate exports by co-operatives, farmer produce organisations, partners and associates identified and promoted by NAFED. Concept:       The Agricultural and Processed Food Products Export Development Authority (APEDA) has signed an MoU with National Agricultural Cooperative Marketing Federation of India Ltd […]

    Inflation remains above 6% in June Subject: Economy Context: According to data released by the Ministry of Statistics and Program Implementation, retail inflation had touched a six-month high in May 2021. It has remained at 6.3% in June 2021. Concept: Inflation has exceeded the Monetary Policy Committee’s target of 4 (+/-2) %, for […]

    Forex Reserves Subject: Economy Context: With the rate of returns on the country’s foreign exchange reserves declining, the Reserve Bank of India (RBI) and the government are exploring ways to enhance returns and have sought external expert assistance for better deployment of forex. Concept: The RBI’s Department of External Investments and Operations (DEIO) […]

    Oil prices Subject: Economy Context: Crude oil’s effectiveness as a gauge of economic growth was once again on display during the pandemic. Last March, as the scale of the pandemic was first revealed, Brent oil futures plunged to $22. But with the large stimulus roll-out and gradual recovery in growth, prices too moved […]