Political economics: credit stimulus for MSMEs News: The Prime Minister has launched a support and outreach programme for the Micro, Small, and Medium Enterprises (MSME) sector to give a boost to the sector and help generate employment. Important Facts: Background: MSMEs, which account for 30% of India’s gross domestic product (GDP), were hit hard by… Continue reading Political economics: credit stimulus for MSMEs
Tag: Economy
Modi announces incentives for MSMEs, including 59-minute sanction for loans up to ₹1 crore
Modi announces incentives for MSMEs, including 59-minute sanction for loans up to ₹1 crore News: The Prime Minister has launched a support and outreach programme for the Micro, Small and Medium Enterprises (MSME) sector to give a boost to the sector and help generate employment. Important Facts: As part of this programme, the Prime Minister… Continue reading Modi announces incentives for MSMEs, including 59-minute sanction for loans up to ₹1 crore
Tussle for power: what’s the RBI-government stand-off?
Tussle for power: what’s the RBI-government stand-off? News: The article discusses about the simmering tensions between the Reserve Bank of India and the Centre which found spectacular release recently through a public speech by Deputy Governor Viral Acharya. Important Facts: A certain amount of creative tension is systemically in-built between Reserve Bank of India and… Continue reading Tussle for power: what’s the RBI-government stand-off?
India jumps to 77th rank in the Ease of Doing Business Index
India jumps to 77th rank in the Ease of Doing Business Index News: India has ranked 77th in the annual list, as against 100 last year in the World Bank’s Ease of Doing Business Index 2018. Important Facts: 2. India has jumped 23 ranks from 2017 becoming the top ranked country in South Asia for… Continue reading India jumps to 77th rank in the Ease of Doing Business Index
How Centre’s ‘board game’ fuelled the feud with RBI
How Centre’s ‘board game’ fuelled the feud with RBI News: The simmering tensions between the Reserve Bank of India and the Centre found spectacular release recently through a public speech by Deputy Governor Viral Acharya. Important Facts: A certain amount of creative tension is systemically in-built between Reserve Bank of India and Centre given their… Continue reading How Centre’s ‘board game’ fuelled the feud with RBI
ICF rolls out Train 18, the NextGen Shatabdi
ICF rolls out Train 18, the NextGen Shatabdi News: India’s first engine-less semi-high speed train named “Train 18” was rolled out recently by the Integral Coach Factory (ICF) here and will eventually replace the Shatabdi Express for inter-city travel. Important News: 2. Features: This is the first long-distance train without separate locomotive (engine) and thus… Continue reading ICF rolls out Train 18, the NextGen Shatabdi
Time to talk: on Centre-RBI differences
Time to talk: on Centre-RBI differences News: The simmering tensions between the Reserve Bank of India and the Centre found spectacular release recently through a public speech by Deputy Governor Viral Acharya. Important Facts: 2. A certain amount of creative tension is systemically in-built between Reserve Bank of India and Centre given their different perspectives.… Continue reading Time to talk: on Centre-RBI differences
State ranked first with 10.5% growth
State ranked first with 10.5% growth News: Andhra Pradesh has achieved number one rank in the country with an average growth of 10.5% during the last four years, surpassing many developed States such as Maharashtra and Gujarat following “focused approach” Important Facts: 2. Andhra Pradesh (AP) achieved a growth rate of 10.5 per cent in… Continue reading State ranked first with 10.5% growth
Not just liquidity: on NBFCs crisis
Not just liquidity: on NBFCs crisis News: Non-banking financial companies are stuck in a liquidity crises which has now reached to the tumbling stock prices. Important Facts: About the crises: It started with defaults by Infrastructure Leasing and Financial Services Ltd (IL&FS), which has been classified as core investment company by RBI. This infrastructure lender… Continue reading Not just liquidity: on NBFCs crisis
A job at hand
A job at hand News The Union Ministry of Labour has urged States to issue orders permitting fixed-term employment (FTE) across industries. Important Facts: Fixed-term employment Fixed-term employment is a contract in which a company or an enterprise hires an employee for a specific period of time. Under fixed-term employment, workers are entitled to statutory… Continue reading A job at hand
