Subject: Economy Context: The Gujarat government recently awarded the contract for a barrage project across Narmada river. Concept: It is planned to be a 1.7-km causeway-cum-weir barrage with 90 gates, across the river Narmada, 5 km from Bhadbhut village, and 25 km from the mouth of the river, where it flows into the Gulf of […]
Subject:Economy Context: The Reserve Bank of India (RBI) has approved the transfer of ₹57,128 crore as surplus to the government for the accounting year 2019-20, while deciding to maintain the Contingency Risk Buffer at 5.5%. Concept: The risk provisioning made from economic capital to cover monetary, fiscal stability, credit and operation risks is cumulatively referred […]
Subject: Economy Context: India’s wholesale prices contracted for the fourth straight month in July, official data showed. Concept: Inflation can be described as the general rise in the price of goods and services in an economy over time. It’s calculated by tracking the increase in prices of essentials. The primary index that tracks the change […]
Subject: Economy Context: After over four years, equity mutual funds have witnessed their first monthly outflow – investors pulled out a net Rs 2,480 crore in July. Concept: A mutual fund is a type of financial vehicle made up of a pool of moneycollected from many investors to invest in securities like stocks, bonds, money […]