Assets under management (AUM) Subject: Economy Context: A report highlighted that the assets of non-banking financial companies (NBFCs) are likely to touch ₹1.5-1.8 lakh crore, or 6-7.5% of their assets under management (AUM) by the end of this fiscal. Concept: Asset quality of NBFCs is expected to deteriorate further due to disruption of […]
Switch Delhi Campaign Subject: Economy Context: The Delhi Govt has started “Switch Delhi” campaign to nudge people to adopt electric vehicles amidst India switching to electric mode for sustainable development. Concept: It will educate people about the benefits of electric vehicles (EV) and urge them to make a switch It is to spread […]
FISCAL DEFICIT Subject : Economy Context : The aggregate fiscal deficit of States is likely to be at 4.3% of the gross domestic product (GDP) in 2021-22 compared with 4.6% in 2020-21, says a report by India Ratings and Research. Concept : Fiscal Deficit The government describes fiscal deficit of India as “the […]
WEST TEXAS INTERMEDIATE & BRENT CRUDE Subject : Economy Context : Oil prices soared on Monday to their highest in about 13 months as vaccine roll-outs promised to revive demand and producers kept supply reined in. Concept : Brent crude was up 77 cents, or 1.2%, at $63.20 a barrel, after climbing to […]
WHOLESALE PRICE INDEX Subject : Economy Context : WPI quickens to 2.03% after easing in December. Concept : Wholesale Price Index It is the most widely used inflation indicator in India. Published by the Office of Economic Adviser, Ministry of Commerce and Industry. All transactions at the first point of bulk sale in […]