Taper tantrum Subject: Economy Context: With the yield on the 10-year US Treasury momentarily surging past 1.6 per cent the reaction of market across the world revived the memory of “taper tantrum” of 2013 (when the term originated). Concept: Taper tantrum refers to the 2013 collective reactionary panic that triggered a spike in […]

    Maritime India Summit 2021 Subject: Economy Context: The PM Modi will inaugurate virtual Maritime India Summit, 2021 today. Concept: The Maritime India Summit 2021 is being organized by the Ministry of Ports, Shipping and Waterways in collaboration with FICCI on a virtual platform www.maritimeindiasummit.in from 2nd March to 4th March 2021. The Summit […]

    Who controls Airspace? Subject: Economy Context: Recently India allowed Pakistan PM use of its airspace in his trip to Sri Lanka which is part of softening relations slowly due to back channel diplomacy. Concept: Every State has complete and exclusive sovereignty over the airspace above its territory (Article 1 of the Convention on […]

    Rise in bond yield Subject: Economy Context: Rising yields on government securities or bonds in the United States and India have triggered concern over the negative impact on other asset classes, especially stock markets, and even gold. Concept: Bond yield is the return an investor gets on that bond or on a particular […]