Subject: Economy Context: Lack of quorum forced the Reserve Bank to postpone the 3-day MPC meeting that was scheduled to start on September 29 Concept: Monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply and availability of credit with […]

Subject: Economy Context: Banks that are not able to lend under priority sector on their own, can make outright purchases of such lending from other banks and also buy Inter Bank Participation Certificates Recent change announced by the Reserve Bank of India in PSL is to remove the imbalance among different geographical areas. Concept: Priority […]

Subject: Economy Context: Amid rising inflation and growth contraction, MPC had decided to leave the repo rate unchanged. Concept: Monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply and availability of credit with a view to achieving the ultimate […]

Subject: Economy Context: The Ministry of Statistics and Programme Implementation has released the report of a survey titled ‘Health in India’, whose main objective was to gather basic quantitative information on India’s health sector. Concept: The report is based on information collected through NSS Schedule 25.0 (Household Social Consumption: Health) spread over the entire Indian […]

Subject: Economy Context: The strategic sale of four public sector units to other public sector entities in 2018-19 by the Central government has been sharply criticised by the Comptroller and Auditor General (CAG) of India in an audit, tabled in Parliament. Concept: Disinvestment means sale or liquidation of assets by the government, usually Central and […]

Subject: Economy Context: The Comptroller and Auditor General (CAG) of India has mooted an investigation against the Central government’s accounting officials for incorrectly recording ₹10,250 crore of cess receipts from additional excise duties on petrol and diesel, as non-tax receipts for the exchequer in 2018-19. Concept: The Central Road Fund (CRF) is a non-lapsable fund […]

Subject: Economy Context: Round tripping of funds is made easier by digital transactions. India can stem tax erosion by using AI-driven tools Concept: Round tripping Money leaves the country through various channels such as inflated invoices, payments to shell companies overseas, the hawala route and so on. After cooling its heels overseas for a while, […]