News: Recently, the Monetary Policy Committee (MPC) voted to maintain status quo on policy rates. Some of the key decisions that were taken at the recent the Monetary Policy Committee meeting are – – The repo rate is maintained at 4% and the reverse repo rate at 3.35%. – Forecasts of FY22 GDP growth and… Continue reading RBI must tackle surplus liquidity on way to policy normalisation
Tag: gs paper 3
Real Cost of MSP For All Crops
News: Even as the central government has announced its withdrawal of the three farm laws, the demands for legalising MSP have grown stronger. Why Legalising MSP is a bad idea? Firstly, The expansion of MSP would impose trillions of rupees worth of additional burden on the taxpayer in the forthcoming decade. With the current procurement… Continue reading Real Cost of MSP For All Crops
Open banking puts banks on notice-Digitise or perish
News– India has unveiled Account aggregator framework in september,2021 that can that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records and expanding the potential pool of customers for lenders and fintech companies. What is Account Aggregator (AA) framework? An AA is a new class of NBFC approved by the Reserve Bank of India… Continue reading Open banking puts banks on notice-Digitise or perish
A window of opportunity
News– How we can leverage the advantages that are generating due to Strict COVID policy of China and other restrictions going parallel to it. Where we stand vis-a-vis China? China’s economy is over five times of India’s. it has a $14-trillion economy, to India’s $2.7-trillion economy. We are too dependent on China for everything from active pharmaceutical ingredients to smartphones. And… Continue reading A window of opportunity
Aiming for a high, quality of life does influence investment decisions, India needs to loosen up
News– GIFT(Gujarat International finance tech city) management is seeking relaxation in liquor laws in special economic zone (SEZ) area of GIFT city. Gujarat had banned alcohol consumption since 1960 as a homage to Mohandas Karamchand Gandhi. Why did such demand arose Investment decisions are influenced by the ease with which people can adapt to a new destination. Allowing people to… Continue reading Aiming for a high, quality of life does influence investment decisions, India needs to loosen up
What PLFS tells us about India labour market
News– Periodic Labour force survey (PLFS) data shows that the unemployment rate is close to pre-covid levels that as was in the year 2020. What is PLFS It was launched by National statistical office (NSO). It has two objectives -a) To estimate the key employment and unemployment indicators (viz. Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR), Unemployment Rate) quarterly for the urban areas only in the ‘Current Weekly Status’ (CWS). b) To estimate employment and unemployment indicators in both… Continue reading What PLFS tells us about India labour market
Check stubble burning, monitor policy implementation
Topic– Conservation, environmental pollution and degradation and Agriculture What is stubble burning- Stubble burning is the practice of intentionally setting fire to the straw stubble that remains after grains, such as rice and wheat, have been harvested. Farmers resort to the practice due to the limited time they have between the harvesting of kharif paddy and sowing of the rabi wheat.… Continue reading Check stubble burning, monitor policy implementation
Karnataka Government objects to implementation of Kasturirangan Report
News – Karnataka Government has submitted its opposition to the Centre against the Kasturirangan Committee report as it can adversely affect the livelihood of people in the region. What are the important recommendations under the report? a)It proposes 37 percent of the total area of Western Ghat be declared as Eco-Sensitive Area (ESA). (Eco-Sensitive Zones (ESZs) are notified by the Ministry of Environment, forest and climate change,… Continue reading Karnataka Government objects to implementation of Kasturirangan Report
On fiscal deficit: The turn of the Centre
News: The Union Finance Minister Nirmala Sitharaman will present her 4th consecutive Budget in just about eight weeks from now. It is expected that Ms Sitharaman would achieve a 2.7 percentage point reduction in the deficit from 9.5% in 2020-21 to 6.8% in 2021-22. This steep reduction will provide a lot of flexibility in managing… Continue reading On fiscal deficit: The turn of the Centre
India’s labour market distress
News: Data from various employment surveys indicates that India’s growth model is in trouble. On what basis it is said that India’s growth model is in trouble? Labour participation has dropped: The recent data from the Centre for Monitoring Indian Economy (CMIE), suggests that, the labour participation rate has slipped for consecutive months. As per… Continue reading India’s labour market distress
