News: Inflation has assumed a menacing proportion in almost all countries. Consumer price index (CPI) inflation in India stood (in March 2022) at 6.95%. It is expected to rise further in April. On the other hand, the Wholesale Price Index (WPI) inflation had remained in double digits since April 2021. It is not the case… Continue reading Control inflation by acting on liquidity
Author: abrar
Explained: Making sense of exchange rate
News: Indian rupee hit an all-time low exchange rate of 77.6 against the US dollar. Contents1 What is the exchange rate?2 How an exchange rate is determined?3 What are the factors determining the supply and demand of currency?4 What is RBI’s role in exchange rate determination? What is the exchange rate? The exchange rate tells… Continue reading Explained: Making sense of exchange rate
Equating states’ off-budget borrowings with their debt will clarify extent of indebtedness
News: This year, off-budget borrowings by the states will be equated with the states’ own debt. What are off-budget borrowings? Off-budget borrowings refer to loans taken by state govt. entities, special purpose vehicles, etc. These loans are serviced through the state government’s own budget, instead of revenues generated by the borrowing entity. As per the… Continue reading Equating states’ off-budget borrowings with their debt will clarify extent of indebtedness
Let’s make GST a good and simple tax
The introduction of GST might be the most important tax reform. It was a unique experiment in cooperative federalism, where both the Union and the state governments gave up their tax autonomy in favor of harmonizing domestic trade taxes. However, some negative features have been inserted into the tax to make it acceptable. Why single rate… Continue reading Let’s make GST a good and simple tax
What severe disruptions taught us about supply chain resilience
Context: Events like Covid Pandemic, the Russia-Ukraine war have highlighted the importance of global supply chains for economic resilience. The global events of the last 2 years have proved that intermediate goods procurement is really important. For example, the shortage of semiconductors has upset the production schedules of automobile companies across the world. How have… Continue reading What severe disruptions taught us about supply chain resilience
Union Home Minister paid homage to Shri Basavanna on the occasion of Basava Jayanti
Contents1 2 What is the news?3 About Shri Basavanna4 Contributions of Basavanna What is the news? The Union Minister for Home and Cooperation paid homage to Shri Basavanna on the occasion of Basava Jayanti. About Basava Jayanti: Basava Jayanti is a Hindu festival celebrated by Lingayats in Karnataka. The day marks the birth anniversary of Lord… Continue reading Union Home Minister paid homage to Shri Basavanna on the occasion of Basava Jayanti
Rising inflation cannot be fought well without global coordination
Context: Inflation has suddenly become a major global problem. However, inflation is one of the least understood phenomena within economics and requires much more research. Many major and small countries of the world, like the US, Turkey, South Korea, EU, Bangladesh, and Sri Lanka are facing the problem of inflation. However, fine-tuned management of inflation… Continue reading Rising inflation cannot be fought well without global coordination
[Questions] Mains Marathon I Daily Answer Writing I April 27, 2022
Good Morning Friends, Following are today’s Mains Marathon Questions. About Mains Marathon – This is an initiative of ForumIAS to help/aid aspirants in their writing skills, which is crucial to conquering mains examination. Every morning, we post 2-3 questions based on current affairs. The questions framed are meaningful and relevant to the exam. Write your answers in… Continue reading [Questions] Mains Marathon I Daily Answer Writing I April 27, 2022
[Questions] Mains Marathon I Daily Answer Writing I April 22, 2022
Good Morning Friends, Following are today’s Mains Marathon Questions. About Mains Marathon – This is an initiative of ForumIAS to help/aid aspirants in their writing skills, which is crucial to conquering mains examination. Every morning, we post 2-3 questions based on current affairs. The questions framed are meaningful and relevant to the exam. Write your answers in… Continue reading [Questions] Mains Marathon I Daily Answer Writing I April 22, 2022
Must Read Current Affairs Articles – April 21, 2022
About Must Read News Articles: Must Read News Articles is an initiative by Team ForumIAS to provide links to the most important news articles of the day. It covers several newspapers such as The Hindu, Indian Express, Livemint, etc. This saves the time and effort of students in identifying useful and important articles. With newspaper websites… Continue reading Must Read Current Affairs Articles – April 21, 2022
