Subject: Economy Context: Opposition leader of Tamilnadu has written to Chief Minister urging him to hold the Centre accountable for the non-payment of GST compensation to the States. Concept: Three years after the introduction of India’s new indirect tax regime, GST, it has started to face an existential crisis. The gains of GST have started […]
Subject: Economy Context: It is reported that the former RBI Governor D Subbarao made a strong case for setting up a bad bank saying it is not just necessary but unavoidable in the present circumstances when NPAs are likely to balloon and much of the resolution will have to take place outside the IBC framework. […]
Subject: Economy Context: Mumbai Police Commissioner said that police are looking into a scam about manipulation of TRPs (Television Rating Points) by rigging the devices used by the Broadcast Audience Research Council (BARC) India, which has the mandate to measure television audience in India. Concept: What is TRP? In simple terms, TRPs represent how many people, from […]
Subject: Economy Context: Principal Economic Adviser Sanjeev Sanyal on Wednesday said the government recognises the need for further stimulus at an appropriate time to perk up the demand during pandemic Concept: Economic stimulus refers to targeted fiscal and monetary policy intended to elicit and economic response from the private sector. Economic stimulus is a conservative […]
Subject: Economy Context: Union Cabinet chaired by Prime Minister Narendra Modi approved the natural gas marketing reforms. The reforms aim to fix the gas prices in the market through transparent and competitive processes. Concept: E-Bidding Platform: The main objective of the reforms is to provide standard procedure for the sale of Natural Gas in the […]
Subject: Economy Context: Overseas borrowing through rupee-denominated bonds (masala bonds), which has been declining over the last few years, witnessed a sudden surge in interest from domestic borrowers. Concept: Masala bond – a form of external commercial borrowing (ECB) – was launched by the government and International Finance Corporation (IFC) in 2014-15 to contain the […]