Red Flags Raised Over Silver Imports from UAE Through GIFT City Sub: Economy Sec: External Sector In a significant disruption for the bullion market, almost all of India’s silver imports are now being handled by a few private players bringing the white metal from Dubai through the GIFT City exchange. This could potentially […]

    Proposal forward by French economist Gabriel Zucman of Minimum Annual Tax Sub: Economy Sec: Fiscal Policy The proposal put forward by French economist Gabriel Zucman revolves around imposing a minimum annual tax of 2% on individuals with wealth exceeding $1 billion. Proposal Overview Annual 2% Tax on Billionaires: Gabriel Zucman recommends a global […]

    VRR: Banks Park Less than Notified Sum Sub: Economy Sec: Monetary Policy Key Highlights: Surplus Liquidity Absorption: The Reserve Bank of India (RBI) has observed that banks have parked significantly less than the notified amount for three consecutive days since the beginning of July. Implication: This indicates that while the RBI is attempting […]

    India Faces High Debt but Sustainable for Now: NCAER Sub: Economy Sec: National Income India’s public debt is very high, almost 82% of GDP, but the country doesn’t face a debt-sustainability issue due to its high growth rate and the higher share of local-currency debt, according to NCAER. Key Points: High Debt Levels: […]

    Is viability gap funding enough to power India’s offshore wind dreams? Sub: Economy Sec: Infrastructure Government of India’s Viability Gap Funding (VGF) Scheme for Offshore Wind Energy: The Government of India approved a viability gap funding (VGF) scheme worth Rs 7,453 crore ($890 million) to promote offshore wind energy projects. Rs 6,853 crore […]

    Is the Bad Loan Problem Shifting to Individuals from Industries? Sub: Economy Sec: Monetary Policy  Though Indian banks are in the pink of health, the RBI is worried about slippages and delinquencies. Historical Context: Until the mid-2010s, banks primarily lent massive loans to big industries. Failures in these businesses resulted in significant bad […]