Wall Street gains on inflation data, but rocky on geopolitics Subject: Economy Section: Inflation Wall Street’s main indexes gained on Tuesday, shaking off an unconfirmed report of Russian missiles crossing into Poland that sparked volatility, as investors seized on softer-than-expected inflation data that raised hopes of a pullback in rate hikes by the […]

    FY24 fiscal deficit seen at 5.9% even if nominal GDP misses Budget assumption: Official Subject :Economy Section: National Income Details: Concerns have risen about nominal GDP growth not meeting the Budget assumption of 10.5 per cent as wholesale inflation has been negative for seven consecutive months. The Centre is confident of meeting its […]

    Trade deficit hits record high in October driven by gold imports Subject: Economy Section: External Economy Context: According to official data released by the Commerce and Industry Ministry, festive demand also boosted silver imports which leaped 125 per cent to $1.31 billion, Details: Driven by gold and silver imports during the festive season, […]

    AI (Artificial Intelligence) and work Subject: Economy Section: Employment Introduction: Elon Musk’s vision of a future where AI replaces all human labor. Exploration of contrasting views on work from economists Keynes and Marx. Keynesian Perspective: Keynes, a capitalist supporter, believed work often represented drudgery. Envisioned a future with reduced working hours through technological […]

    Small Saving Schemes/Instruments in India Subject: Economy Section: Monetary Policy About Senior Citizen Savings Scheme (SCSS) The Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme designed for individuals aged 60 years and above, or those aged 55 to less than 60 who have retired. Basic Features: Eligibility: Individuals aged 60 years […]

    NHAI’s Use of Insurance Surety Bond in Monetisation Bid Subject: Economy Section: Monetary Policy Introduction: The National Highways Authority of India (NHAI) has adopted an innovative approach by accepting an insurance surety bond for the Toll Operate Transfer (TOT) Bundle 14 monetisation program. Nature of Instrument: An insurance surety bond serves as a […]

    Rupee’s decline Subject :Economy Section: Monetary Policy Context: RBI probing Refinitiv’s forex outage Details: The Indian rupee plunging to a life-time low of ₹83.33 against the US dollar may partly be on account of massive volatility caused by an outage in Refinitiv, an electronic trading platform authorised to offer forex products. Refinitiv is […]