The ‘import restrictions’ on solar PV cells Subject: Economy Section: External Sector Context: The Ministry of New and Renewable Energy (MNRE) on March 29, ordered to re-implement its 2021 notification of an ‘Approved List of Models and Manufacturers of Solar Photovoltaic [PV] Modules’, also called the ALMM list. What is the ALMM list? […]
Two reasons why food inflation may soften in the months ahead Subject: Economy Section: Inflation Context: The Reserve Bank of India’s Monetary Policy Committee (MPC) noted how food price pressures have been interrupting the ongoing disinflation process, posing challenges for the final descent of inflation to the target [of 4%]. More on news: […]
Growth in India’s Stock Market Subject: Economy Section: Capital markets Record Market Capitalization: India’s stock market achieved a significant milestone with a combined market capitalization of over Rs 400 trillion for all BSE-listed firms. This milestone was reached in just 9 months, marking the shortest period for a Rs 100 trillion market cap […]
Suggestions for GST Reform by Vijay Kelkar Subject: Economy Section: Fiscal policy Single GST Rate: Kelkar suggests introducing a single GST rate system of 12% across the country. This move aims to simplify the GST structure, reducing complexity. Constitutional Amendment: He proposes a constitutional amendment for equitable sharing of GST proceeds. The sharing […]
Rising Household Debt Levels in India Subject: Economy Section: National Income Current Status: India’s household debt levels have reached an all-time high of 40% of Gross Domestic Product (GDP) by December 2023. Net financial savings had likely dropped to their lowest level at around 5% of GDP during the same period. Motilal Oswal […]
Guidelines may be issued by RBI to upgrade SFBs to Universal Banks Subject: Economy Section: Monetary Policy Current Scenario: SFBs can seek universal bank status after 5 years of operations. No additional conditions in existing licensing norms for conversion. Expected Assessment Criteria: Circular may include criteria such as: Asset quality and composition. Branch […]
Will new solar power rules boost production? Subject: Economy Section: External Sector Context: To incentivise India’s solar module manufacturing industry, the Ministry of New and Renewable Energy (MNRE) has brought into effect from April 1 an executive order, The Approved Models and Manufacturers of Solar Photovoltaic Modules (Requirements for Compulsory Registration) Order, 2019. […]
India Employment Report 2024 Subject: Economy Section: Unemployment and Inflation Highlights: Key labor market indicators have shown improvement recently. Labour Force Participation Rate (LFPR), Workforce Participation Rate (WPR), and Unemployment Rate (UR) deteriorated between 2000 and 2019 but improved thereafter. Women’s Participation: Female LFPR is significantly lower compared to male counterparts. In 2023, […]
SAT ‘full’, with new presiding officer, technical member Subject: Economy Section: capital market Concept – SAT is a statutory body established under the provisions of Section 15K of the SEBI Act, 1992. Located at Mumbai. Composition: SAT consists of a Presiding Officer and Two other members. The Presiding officer of SAT shall be appointed […]