Consider using debt-service and debt-to-income ratios to assess retail borrowers’ viability: RBI bulletin Subject :Economy Section: Monetary Policy Context: RBI’s latest monthly bulletin says that policymakers need to consider structural prudential tools such as debt-service ratio and debt-to-income ratio to assess viability of retail borrowers. More on news: There is a persistent credit […]

    As Davos crowd gathers, govts. urged to rein in ‘billionaire class’ Subject: Economy Section: External Sector Context: As per Oxfam, the combined fortunes of the world’s five richest men have more than doubled to $869 billion since 2020 while five billion people have been made poorer. More about News: Oxfam called for governments to rein in corporate power by breaking up monopolies; instituting taxes on excess profit and wealth; and promoting […]

    Crisis can impact India as 80% of exports to Europe takes place via Red Sea: Official Subject: Economy Section: External Sector Details According to the commerce and industry ministry, the Red Sea shipping crisis could impact India’s exports to Europe the most as about 80 per cent of the outbound shipments to Europe […]

    Accelerated market entry: Govt permits parallel testing for electronics from manufacturers Subject: Economy Section: National economy Context: Products of electronics and mobile manufacturers like Samsung, Apple, Xiaomi, Lenovo, Dell and others will now reach the market faster as the government has now allowed parallel testing of 64 electronics devices. These devices include mobile […]

    Impacts of Growing Household Credit on Indian Economy Subject: Economy Section: National Economy Positive Effects on Consumption and GDP: Research department emphasizes the positive effects of growing household credit on consumption and, consequently, GDP growth. Increased household credit is seen as a driver for economic expansion. Scope for Augmentation: Compared to developed countries, […]

    US SEC approves Bitcoin ETFs: A Game-Changer for Cryptocurrency Industry Subject: Economy Section: Monetary Policy Landmark SEC Approval: The US Securities and Exchange Commission (SEC) has approved the establishment of Bitcoin exchange-traded funds (ETFs) by 11 investment firms, including BlackRock, Fidelity, and Franklin Templeton. Listing on Major Exchanges: Investment firms can now list […]