Category: ECONOMY-2

Context: Growth rate of economy is consistently declining. Introduction: Employment growth in India slowed down drastically during 2012-16, after marginal improvement in 2010-12, as per the latest employment data collected by labour bureau. India’s may be the fast growing economy but on series of counts the growth is declining. Related statistics: Unemployment rate is rising.… Continue reading Employment crisis in India

Context: India is one of the biggest food producing hub in the world but recently food processing industry in India is not showing the desired results. Issues involved in food processing industry: We are not able to increase the export of food processing export because of issues generated by advance economy which impacts out export… Continue reading Food Processing: A Game Changer

Context: The Government of India is soon to announce the foreign trade policy review. A shift in India’s manufacturing and export strategy has been signalled. What are the new strategies for India’s manufacture and export market? Commerce and Industry Minister Suresh Prabhu has signaled a shift in India’s manufacturing and export strategy with a focus… Continue reading An updated overview of India’s export market

Context: The Financial Resolution and Deposit Insurance Bill (FRDI), 2017, which was tabled in Parliament in the last monsoon session is expected to come up for discussion during the current winter session. Introduction: The Bill was referred to a joint parliamentary committee this August after cabinet approval. This bill, once becoming a law, would repeals the… Continue reading The Financial Resolution and Deposit Insurance Bill (FRDI), 2017

Context: The 164 member countries of World Trade Organisation recently met to discuss substantive issues such as the food security right of developing countries and the centrality of development in multilateral trade negotiations. What is food security? Food security is a key international issue that gives rise to keen debate. It refers to the availability… Continue reading WTO’s member countries fail to reach agreement on food security right

Context: The Reserve Bank of India has decided not to pursue a proposal for introduction of Islamic banking in the country. Why it is in news? Islamic banking will not be introduced in India. The decision was taken after considering the wider and equal opportunities available to all citizens to access banking and financial services.… Continue reading No for Islamic banking in India

Context Today marks one year of the decision of the NDA government to withdraw high-value currency notes of Rs 500 and Rs, 1000 and extinguish 85per cent of the value of the currency in circulation. Background: On November 8, 2016 Prime Minister announced that Rs 500 and Rs 1000 denomination notes will become invalid. The… Continue reading Report card of demonetization after one year

Context The World Bank Group’s Doing Business 2018 report ranks India at 100 out of 190 countries. Introduction: This year’s report from the World Bank has been titled Reforming to Create Jobs. The report ranks India at 100 among 190 countries. Last year, India was ranked 130. India’s upward jump in ranking is based on the… Continue reading India climbs up the ladder at Doing Business Report

Context: The rising popularity of crypto currencies and the increasing number of entities looking at raising funds through Initial Coin Offerings (ICO) has caught the attention of the capital market regulator, which is evaluating whether such instruments and offerings can be brought under its regulatory purview. Introduction: Crypto currencies like bitcoin, ethereum have been under… Continue reading Bitcoins in India: An Overview

Context: The World Development Report 2018 focuses for the first time on education. The report brought forward the fact that how intense deprivation can hinder the brain development of young children. The World Bank in the latest report on  noted that millions of young students in these countries face the prospect of lost opportunity and… Continue reading World development Report 2018-‘Learning to Realise Education’s Promise’