‘Logistics costs drop to 7.8%8.9% of GDP’ Subject :Economy Section: Infrastructure Context: India’s logistic costs ranged between 7.8% and 8.9% during 2021-22, down from 8.7-9.9% during 2011-12, according to a report by economic think tank National Council of Applied Economic Research (NCAER) and the Department for Promotion of Industry and Internal Trade (DPIIT). […]
Progress on Industry Standards Forum proposed by SEBI Subject : Economy Section: Capital Market Forum Composition: Comprising apex industry chambers of CII, FICCI, and Assocham. Chairman’s Statement: Chairman KV Kamath announced significant progress in establishing new standards. Emphasis on compliance with SEBI regulations. Deliberations and Consultations: Extensive deliberations ongoing with industry representatives in […]
Moratorium on e-commerce customs duties Subject : Economy Section: External Sector Background: The WTO is addressing the extension of the moratorium on e-commerce customs duties. The moratorium prevents countries from imposing customs duties on electronic transmissions. Introduced in 1998, it faces potential expiration at the Ministerial Conference in February 2024. Divergent Views: US […]
Social Stock Exchange (SSE) Subject : Economy Section: Capital Market Unnati, specifically the SGBS Unnati Foundation (SUF), is mentioned as the first entity to list on the SSE. Listing on NSE Social Stock Exchange (SSE): Unnati became the first entity to be listed on the NSE Social Stock Exchange. Nature of the Entity: […]
Anarcho-capitalism and libertarian liberalism Subject :Economy Section :National Income Political ideologies such as anarcho-capitalism and libertarian liberalism, which advocate for limited government involvement in economic and social matters. Political Ideologies: Libertarianism and Anarcho-Capitalism: Emphasize limited government involvement in economic and social affairs. Libertarianism upholds individual liberty and limited government, while anarcho-capitalism advocates for […]
Shift from WPI to PPI Subject :Economy Section :Inflation and Unemployment Reason: India plans to transition from Wholesale Price Index (WPI) to Producer Price Index (PPI) in the future. Most G20 countries, including China, already use PPI, making it a more globally accepted practice. Current Status: The National Statistical Commission (NSC) is […]
In last 9 years, PSBs have not recovered even ₹1 vs ₹5 written off: FinMin in LS Subject : Economy Section: Monetary Policy Against an aggregate loan write-off of Rs 10.42 lakh crore, PSBs have recovered just Rs 1.61 lakh crore from written-off loans, since financial year 2014-15 PSBs could not recover even Re […]