Author: ForumIAS

India set to make modest recovery on reforms: OECD

News:The Organisation for Economic Co-operation and Development(OECD) has released its Economic Survey of India report. Facts: Report on GDP growth: The report has projected GDP growth in the current fiscal (2019-20) at 5.8% lower than 6.8 per cent in 2018-19.  However, it estimated the GDP to grow at 6.2% during 2020-21 and further to 6.4%… Continue reading India set to make modest recovery on reforms: OECD

Explained: Why the RBI refused to cut interest rates

News:The Monetary Policy Committee(MPC) of the Reserve Bank of India has decided to keep the repo rate unchanged at 5.15% in its fifth bi-monthly monetary policy statement. Facts: Issues before RBI: The RBI’s most important mandate is to maintain price stability which means RBI is required by law to maintain retail inflation based on Consumer… Continue reading Explained: Why the RBI refused to cut interest rates

IAF may get ‘No Escape’ Meteor missiles in May

News:India has requested for an early delivery of Meteor air-to-air missiles from France. Facts: About Meteor missile: Meteor is an active radar guided beyond-visual-range air-to-air missile (BVRAAM). The missile has a strike range of 150 km and no escape zone of 60 km. The no escape zone of this missile is the largest in the… Continue reading IAF may get ‘No Escape’ Meteor missiles in May

Explained:How CO2 emission trend reflects India slowdown

News:The Global Carbon Budget 2019 has been released for the year 2019. Facts: About Global Carbon Project: The Global Carbon Project is a Global Research Project of Future Earth and a research partner of the World Climate Research Programme.It was established in 2001. The project seeks to work with the international science community to establish… Continue reading Explained:How CO2 emission trend reflects India slowdown

Curtain Raiser:Exercise INDRA 2019

News:India and Russia will be conducting the Exercise INDRA 2019 in India from 10 December simultaneously at Babina (near Jhansi), Pune, and Goa. Facts: About Exercise Indra: Exercise Indra is a joint tri-services exercise comprising Army, Air Force and Navy of India and Russia. The exercise began in the year 2003 and the first joint… Continue reading Curtain Raiser:Exercise INDRA 2019

RBI lays down guidelines for payments banks’ SFB licence

News:The Reserve Bank of India has released final Guidelines for the ‘on tap’ Licencing for Small Finance Banks(SFBs). Facts: About the Guidelines for ‘on-tap’ Licencing: The minimum paid-up voting equity capital / capital requirement shall be Rs 200 crores. For Primary (Urban) Co-operative Banks (UCBs), who voluntarily wants to transition into SFBs initial requirement of… Continue reading RBI lays down guidelines for payments banks’ SFB licence

India’s forex reserves cross $450 billion for the first time

News:India’s foreign exchange reserves have crossed the $450-billion mark for the first time. Facts: Why has the reserves increased? The foreign exchange reserves have increased due to strong inflows which enabled the Reserve Bank of India(RBI) to buy dollars from the market. About Foreign exchange reserves: Foreign exchange reserves are the foreign currencies held by… Continue reading India’s forex reserves cross $450 billion for the first time

7 PM I A potential seedbed for private profits I December 6th, 2019

Context: Seed regulation in India and the draft Seed Bill 2019. More in news: The Seeds Bill 2019, likely to be tabled in the ongoing winter session of Parliament. Regulation of Seeds in India: Currently, the sale and distribution of seeds in India is regulated by the Seeds Act 1966 ensuring better quality of seeds is… Continue reading 7 PM I A potential seedbed for private profits I December 6th, 2019

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