Subject: Economy Context: RBI is facing two conundrums: Inflation is spiking even though growth is faltering. GDP growth rate is likely to be negative this year in comparison to the last financial year. Yet, retail inflation continues to stay above the 6% mark. Within inflation, retail and wholesale inflation are charting fairly divergent paths Concept: […]
Subject: Economy Context: The output of eight core sector industries shrank for the fourth straight month in June 2020 but contraction eased to 15% from 22% fall in May Concept: Core industry can be defined as the main industry which has a multiplier effect on the economy. In most countries, there is particular industry that seems to […]
Subject: Economy Context: With banks pushing for a one-time restructuring of loans, the Reserve Bank of India (RBI) may provide this opportunity for select stressed sectors. Concept: Restructuring is a practice that allows banks to modify the terms of the loan when the borrower is facing financial stress. Banks do that to avoid the borrower […]
Subject: Economy Context: States have raised concerns about the delayed compensation payments under the Goods and Services Tax (GST) regime by the Centre for this fiscal, citing the need for expenditure in their respective states. Concept: Compensation cess was introduced as relief for States for the loss of revenues arising from the implementation of GST. […]
Subject: Economy Context: Interest amounting to ₹6.15 crore on Basel II Upper Tier II bonds was not paid by the Yes bank as the capital adequacy ratio of the bank was lower than the minimum required. Concept: Under Basel III, a bank’s tier 1 and tier 2 assets must be at least 10.5% of its risk-weighted […]
Subject: Economy Context: Pawan Hans Limited launched the helicopter service on the new routeDehradun-New Tehri-Srinagar-Gauchar under the Central government’s regional connectivity scheme UDAN (UdeDeshkaAamNaagrik) Concept: UDAN (Ude Desh Ka Aam Nagrik) is the Government’s initiative to make air travel to India’s tier II and tier III cities affordable to Common man. The idea is to […]