GVA vs GDP Subject: Economy Context: Report prepared by the Finance Ministry’s Economic Affairs Department has said that using GVA (Gross Value Added) rather than GDP (Gross Domestic Products) for tracking the economy in a better way. Concept: India opted to make major changes to its compilation of national accounts and bring the […]
Loan to Value (LTV) ratio Subject: Economy Context: Home loan rates are at 15-year low. Concept: The home loan rates are linked to the borrower’ credit score and Loan to Value ratio. About LTV ratio An LTV ratio is calculated by dividing the amount borrowed by the appraised value of the property, expressed […]
30-Share Index (BSE Sensex) Subject: Economy Context: Led by Reliance Industries (RIL), the 30-share index rallied by another 1,147.76 points to 51,444.65 amidst strong global cues and hopes of stronger economic recovery and earnings growth. Concept: NSE Nifty index also increased by 326.50 points to 15,245.60 on sustained buying support. About BSE Sensex […]
Outcome Budgeting Subject: Economy Context: Jharkhand presented its first outcome budget yesterday. Concept: Over the year’s performance budget was seen as following output, rather than outcomes (Budget speech of 2005-06 highlighted this). Outcome budgeting lays emphasis on linkages between money allocated (outlay) and the outcomes (and not just outputs). It shifts the focus […]
Cost Push inflation Subject: Economy Context: The Government data shows a 2.7-37 per cent increase in prices of food items within a month’s time is pushing up the inflation. Concept: It is the situation when overall prices increase due to increases in the cost of wages and raw materials. The current rise in […]
Sagar-Manthan: Mercantile Marine Domain Awareness Centre (MMDAC) Subject: Economy Context: On the eve of Maritime India summit 2021 India launched a vessel tracking system. Concept: Announcement was also made on The Eastern Waterways Connectivity Transport Grid for regional connectivity with Bangladesh, Nepal, Bhutan and Myanmar will be strengthened for effective regional trade and […]