Subject: Economy Context: The moot question now before the economy is even though growth will revive in 2020-21, how soon will it move to a higher trajectory and how soon will it be in the zone of non-inflationary sustainable levels. Concept: This requires higher investment relative to GDP supported by increased financial savings in the […]
Subject: Economy Context: Prime Minister Narendra Modi will visit Gujarat to lay foundation stones for several development projects in the state. Concept: Hybrid Renewable Energy Park: Hybrid Renewable Energy Park is world’s biggest Renewable Energy Park, being set up close to Indo Pak border, near Khavda village in Kutch district. It will produce 30 Giga […]
Subject: Economy Concept: Fuel pricing mechanism The Indian basket of crude oil represents a derived basket comprising Sour Grade (Oman and Dubai average) and Sweet Grade (UK based) of crude oil processed in Indian refineries. Prices of petrol and diesel have been made market-determined effective June 2010 and October 2014 respectively. Since then, the Public […]