Hot money Subject: Economy Context: The Reserve Bank of India’s strategy to shift some of its rupee intervention to the forwards market is drawing hot money in India. Concept: Hot money refers to the currency that quickly and regularly moves between financial markets and is invested for short-term. In this investors lock in […]

    Tax buoyancy Subject: Economy Context: the finance secretary said the revised estimates of revenue and expenditure for the current fiscal were realistic and tax buoyancy expectations are realistic. Concept: Tax buoyancy explains relationship between the changes in government’s tax revenue growth and the changes in GDP. It refers to the responsiveness of tax […]

    Gilt Funds Subject: Economy Context: The RBI has allowed direct access to its platform to retail investors for deepening the government securities (G-sec) market and to help smooth sailing of the government’s large yearly borrowing program of around Rs 12 lakh crore Concept: Gilt fund is debt fund or pooled investment vehiclesthat invest […]

    Remittance Subject: Economy Context: THE raids on the office of online news platform NewsClick and residences of its directors by the Enforcement Directorate (ED) continued for third day w.r.t. remittance cases Concept: It is linked with the foreign remittances allegedly totaling Rs 30.51 crore. This includes a remittance classified as FDI of Rs […]

Context: PM Modi supporting wealth creators in LS Debate