Tag: gs paper 3

Explained: The RBI rate hike and its impact

News: Reserve Bank of India hiked the repo rate by another 50 basis points. RBI is moving on with the withdrawal of its accommodative policy, in the backdrop of increasing inflation in the country. The RBI had pumped huge liquidity into the system in 2020 to counter the impact of the pandemic. RBI has projected… Continue reading Explained: The RBI rate hike and its impact

International trade remains important

News: In 2022, international trade is being impacted by a continuing global pandemic, a European war, widespread economic sanctions, supply chains disruptions and sudden national bans and caps on exports of essential commodities. Global Trade The World Trade Organization (WTO) estimates that global goods trade has expanded by about 40 times (in terms of volume)… Continue reading International trade remains important

Look at per capita: on Environmental Performance Index (EPI) 2022 report

News: Environmental Performance Index (EPI) 2022 was released recently. Recently, Environmental Performance Index 2022 ranked India at the bottom of 180 countries. The findings of the index are not accurate. EPI does not generally accept information directly from governments. Data is used from multiple sources, including government data. Thus, the ranking does not accurately reflect India’s… Continue reading Look at per capita: on Environmental Performance Index (EPI) 2022 report

Crime and copyright infringement

News: The Supreme Court of India, in Knit Pro International v. The State of NCT has ruled that the copyright infringement is a cognisable offence under the Code of Criminal Procedure (CrPC), 1973. Contents1 Legal framework for copyright in India2 What is a cognizable Offence?3 Implication of the judgment4 What are issues in allowing the… Continue reading Crime and copyright infringement

The shadows over global growth recovery are long

News: There has not been a full recovery from the aftershocks of the COVID-19 pandemic. Economic prospects have worsened. There is divergence between the economic recoveries of advanced economies and those of the developing ones. Contents1 What are the macroeconomic forces behind inadequate recovery?2 Inflation concerns3 Capital outflows4 What are the impacts? What are the… Continue reading The shadows over global growth recovery are long

Indigenise smart: Heavy investment in R&D is needed to take Indian defence production to next level

News: To promote indigenisation, defence ministry has given the initial approval to projects worth Rs 76,390 crore. All the proposed capital acquisition will be under the ‘Buy and Make Indian’ mechanism. What are the projects approved? Construction of eight next-generation corvettes for the navy, Procurement of wheeled armoured fighting vehicles, and The manufacture of Dornier… Continue reading Indigenise smart: Heavy investment in R&D is needed to take Indian defence production to next level

The inflation spectrometer

News: Inflation is a macroeconomic phenomenon which is under pressure at global and local level. Contents1 Major driving factors behind inflation2 Globally3 Local drivers of inflation:4 What are the issues in fiscal and monetary policy measures? Major driving factors behind inflation Inflation is caused by a number of factors which may includ supply, demand, local… Continue reading The inflation spectrometer

Open network for e-commerce: It’s an idea whose time has come

Context: The Open Network for Digital Commerce (ONDC) was launched in few cities recently on a pilot basis. It has the potential to usher in a disruptive change. India’s potential in digital economy India has the world’s highest fintech adoption rate of 87%, as compared with the global average of 64%. E-commerce market in India… Continue reading Open network for e-commerce: It’s an idea whose time has come

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