Subject: Economy Concept: Priority Sector Lending Certificates (PSLCs) are instruments that enable banks to achieve their priority sector lending targets without actually disbursing loans to sectors outside their comfort zone. PSL certificates allow banks sitting on surplus loans to a priority sector to sell certificates to banks that haven’t met their targets, pocketing a sizeable […]
Subject: Economy/ Geography Context: April-June 2020 is the third straight quarter where the country’s farm sector output has grown at a higher rate than overall GDP in “real” terms Concept: The latest quarterly estimates of GDP released by the National Statistical Office (NSO) shows that the gross value added (GVA) from agriculture, forestry & fishing […]
Subject: Economy Context: The official estimates of GDP data for April-June revealing the extent of damage the pandemic on the economy which necessitates the second round of fiscal stimulus targeted at the poor. Concept: Economic stimulus is action by the government to encourage private sector economic activity by engaging in targeted, expansionary monetary or fiscal policy based on the […]
Subject: Economy Context: The Reserve Bank of India (RBI) has announced measures, including two more tranches of ‘Operation Twist’ aggregating Rs 20,000 crore and term repo operations aggregating Rs 1 lakh crore in September RBI has also decided to allow banks to hold fresh acquisitions of statutory liquidity ratio (SLR) securities acquired from September 1, […]
Subject: Economy Context: World Bank halted its annual publication, ‘Doing Business’ report, as it detected irregularities of data for a few countries Concept: The World Bank’s Doing Business study ranks 190 countries on the freedom they provide to conduct business by measuring aspects of business regulation that affect small domestic firms located in their largest […]
Subject: Economy Context: Even as the government is battling much-reduced tax buoyancy and a yawning revenue deficit, finance minister kept alive industry’s hopes for further tax cuts. Concept: Tax buoyancy explains this relationship between the changes in government’s tax revenue growth and the changes in GDP. It refers to the responsiveness of tax revenue growth […]
Subject: Economy Context: The rupee rose nearly two per cent to 73.40 against the US dollar last week. Concept: FPIs have bought Rs 46,602 crore worth of shares so far in August, the highest monthly inflow in calendar year 2020. Analysts said dollar inflows into the stock market and gains in other Asian currencies boosted the rupee’s […]
Subject: Economy Context: Major textile bodies has appealed to the Centre to remove anti-dumping duty on Viscose Staple fibre (VSF) to create a level playing for the entire textile value chain. Concept: An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market […]
Subject: Economy Context: Flipkart has moved the Supreme Court against an order passed by the National Company Law Appellate Tribunal (NCLAT), which had asked the Competition Commission of India (CCI) to initiate a probe against the company for abuse of dominant position. Concept: It is adopting predatory pricing mechanisms, which resulted in losses for small retailers.And also […]