Subject: Economy Context: According to data from the Reserve Bank of India (RBI), Tamil Nadu government has so far raised ₹30,500 crore in fiscal 2020-21 and has topped market borrowings among all the States. Tamil Nadu accounted for 17% of the borrowings done through state development loans Concept: The State has issued more long-tenure bonds […]
Subject: Economy Context: Cabinet has approved for setting up an agri-infra fund with a corpus of Rs 1 lakh crore Concept: The scheme shall provide a medium – long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support. This new agri-infra […]
Subject: Economy Context: India’s forex reserve has crossed $500-billion mark recently Concept: RBI was able to increase its reserves by $79 billion over the past year and by $29 billion since the beginning of this fiscal year. While the dollar-rupee swap auctions conducted in March and April this year have helped increase reserves to some […]
Context: Forex Reserves crossing $ 500 bn
Subject: Economy Context: The RBI has released India’s balance of payments data for the fourth quarter of financial year 2020. Findings India has attained a small current account surplus which is around 0.1 per cent of the GDP. This is largely driven by a lower trade deficit. This is a rare occurrence because since 1976-77, […]