Context The Finance Ministry has asked four large PSU creditors to explore opportunities for acquisition of small and mid-sized banks with a goal to create global sized lenders. Key Features Large public sector banks (PSBs) like Punjab National Bank, Bank of Baroda, Canara Bank and Bank of India could try looking for potential contenders for… Continue reading Bank Merger
Category: ECONOMY-2
All you need to know about the Periodic Labour Force Survey
Context: The Ministry of Statistics and Programme and Implementation has launched Periodic Labour Force Survey in April 2017 which will supersede the earlier system where data was available only every five years. About the Periodic Labour Force Survey The Periodic Labour Force Survey would generate quarterly reports on the urban labour market situation and an annual… Continue reading All you need to know about the Periodic Labour Force Survey
Insolvency and Bankruptcy code and NPAs
Context Reserve Bank of India said its internal advisory committee (IAC) had identified 12 accounts, which account for 25% of non-performing assets of the Indian banking system for immediate resolution under the Insolvency and Bankruptcy Code (IBC). NPA issues in India The internal advisory committee (IAC) of the Reserve Bank of India (RBI) had recently… Continue reading Insolvency and Bankruptcy code and NPAs
Economy to grow 7.5% in FY18
A day after India lost the tag of the world’s fastest growing economy to China, with GDP growth slipping to 6.1% in the last quarter of 2016-17, NITI Aayog vice chairman Arvind Panagariya said he expects 7.5% growth in the current financial year and possibly a return to the 8% growth rate. Issues with demonetization… Continue reading Economy to grow 7.5% in FY18
India is no longer the fastest-growing Economy
Context India lost its fastest-growing major economy tag in the fourth quarter of 2016-17, with GDP growth coming in at 6.1% compared with China’s 6.9%. Data Data from the Ministry of Statistics on Wednesday showed GDP grew 7.1% in the financial year 2016-17, slower than the 8% registered in 2015-16. The GDP numbers were based… Continue reading India is no longer the fastest-growing Economy
Privatization of Air India
Privatization of Air India In 2000–01, attempts were made to re-privatize Air India. In 2007, Air India and Indian Airlines were merged under Air India Limited The combined losses for Air India and Indian Airlines in 2006–07 were 7.7 billion and after the merger, it went up to 72 billion by March 2009. By March… Continue reading Privatization of Air India
Monetary Policy Committee (MPC) and inflation targeting
What is the Need for Inflation Targeting? Inflation targeting advocates the objective of price stability in actual monetary policy arrangement. Adopting price stability as a primary objective creates a stable non-inflationary environment for resource allocation. Inflation targeting will stabilize price expectations which are an essential requirement to keep in control the volatility of price changes.… Continue reading Monetary Policy Committee (MPC) and inflation targeting
How bad are India’s Bad Loans: NPA Crisis?
Context: The Prime Minister’s Office has called a meeting of senior officials of the ministries of finance and corporate affairs recently to review the progress in resolution of non-performing assets (NPAs) in the light of recent action taken by the Reserve Bank on stressed assets. Background: India’s public sector banks and leading corporate have too… Continue reading How bad are India’s Bad Loans: NPA Crisis?
Demonetization: An Analysis
Why it is in News? Recent trends, especially the fourth quarter (Q4) of financial year (FY) 2016-17 saw a sharp decline in the growth rate and is speculated that demonetization might be the cause.. Why it was done? Prime Minister Modi announced the demonetization of the then existing 500 and 1000 notes and justified the… Continue reading Demonetization: An Analysis
Economic Survey 2017 Summary By ForumIAS
Economic Survey 2016–17 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session.… Continue reading Economic Survey 2017 Summary By ForumIAS
