Subject: Economy Context : Prime Minister inaguarated Ghar Tak Fibre scheme in Bihar for digital connectivity. Concept : These services are to be executed along with combined efforts of Common Service Centre. The project is to be implemented Ministry of Electronics and Information Technology under the scheme “Ghar Tak Fibre”. The project will connect 45,945 […]

Subject: Economy Context :High incidence of non-performing assets (NPAs) in banks acts as a major roadblock in transmission of monetary policy actions of the Reserve Bank, a working paper prepared by the officials of the central bank said. Concept : The working paper also made a strong case for capital injection in state-owned banks, arguing […]

Subject: Economy Context : A ten year blueprint for maritime sector is to be released by prime minister. Concept : Setting up a ₹25,000-crore Maritime Development Fund (MDF) and a pan-India port regulatory authority are among the highlights of the Maritime India Vision 2030. Maritime India Vision 2030, the latest avatar of the Sagarmala programme, […]

Subject: Economy Context: Apparel exports on path to a V-shaped recovery. Concept: Economic recovery can take many forms, which is depicted using alphabetic notations. For example, a Z-shaped recovery, V-shaped recovery, U-shaped recovery, elongated U-shaped recovery, W-shaped recovery and L-shaped recovery. The alphabets generally denote the graph of growth rate, which resembles the shape of […]

Subject: Economy Context : India’s foreign exchange reserves jumped by $5.86 billion in the week ended October 9 to hit a fresh high of $551.5 billion according to RBI. Concept : Forex Reserves: Foreign exchange reserves are assets denominated in a foreign currency that are held on reserve by a central bank. These may include […]

Subject: Economy (agri) Context: PM says that minimum support price (MSP) and government procurement are important part of food security in India. Concept: Fixation of MSP The MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices (CACP). Factors taken into consideration for fixing MSP include: Demand and supply; Cost of production (A2 […]

Subject: Economy Context : The Reserve Bank of India said it will conduct the first ever purchase auction of State Development Loans (SDLs) under Open Market Operations (OMOs) for an aggregate amount of ₹10,000 crore . Concept : State Development Loans (SDL) are debt issued by state governments to fund their fiscal deficit. States in […]

Subject: Economy Context: International day for poverty eradication is observed by united nations on 0ctober17. Concept: This year marks the 27th anniversary of the declaration by the General Assembly of UNO. 2020 Theme: Acting together to achieve social and environmental justice for all. POVERTY Poverty is a state or condition in which a person or […]

Subject: Economy Context :  With rising complaints on the unregulated sale of sub-standard M-sand, the Public Works Department (PWD) of Tamilnadu will convene a meeting with stakeholders on an M-sand policy . Concept : Manufactured sand (M-Sand) is a substitute of river sand for concrete construction . Manufactured sand is produced from hard granite stone […]