What is the news? The initial public offering(IPO) of Life Insurance Corp of India (LIC) is likely to run from March 10 to 14,2022. What is an IPO? An IPO or initial public offering is the process by which a privately held company, or a company owned by the government such as LIC, raises funds… Continue reading Everyday Economics: What is an IPO?
Tag: Indian express
Indian express articles.
Cabinet clears setting up of G20 Secretariat
What is the news? Cabinet has approved setting up of a G20 Secretariat to put in place arrangements required for India’s presidency of the prestigious grouping. Note: India will hold the Presidency of the G20 from December 1, 2022 to November 30, 2023. Why is the G20 Secretariat being established? As per practice, a G20… Continue reading Cabinet clears setting up of G20 Secretariat
PM Gati Shakti National Master Plan(NMP)-22 Greenfield Expressways, 23 key infrastructure projects among others
What is the news? The Ministry of Road Transport and Highways (MoRTH) has made significant progress under the PM Gati Shakti National Master Plan (NMP). What is PM Gati Shakti? PM Gati Shakti was launched in 2021. It is a digital platform that brings together 16 Ministries, including railways and roadways together for integrated planning… Continue reading PM Gati Shakti National Master Plan(NMP)-22 Greenfield Expressways, 23 key infrastructure projects among others
Explained: The Ravidassia identity
What is the news? The birth anniversary of Ravidas, a major religious event for lakhs of devotees will be celebrated on February 16, 2022. Who was Guru Ravidas? Guru Ravidas was a mystic poet-saint of the Bhakti Movement from the 15th and 16th centuries. He founded the Ravidassia religion. He is believed to be a… Continue reading Explained: The Ravidassia identity
The myth of the trickle-down
News: This article says trickle-down is a flawed approach and that’s why Indian policymakers must discover India’s own model of development and shed defunct economic theories. How budget 2022-23 is aligned towards a trickle-down theory? The budget has not announced any populist measure, and taxes on incomes and wealth have not increased. Also, economists believe… Continue reading The myth of the trickle-down
The significance of the Indo-Pacific for India
News: USA recently released its policy document on Indo-Pacific. What does the recent USA document say about India? The USA seeks free and open, connected, prosperous, secure, and resilient in Indo-Pacific. It says that it cannot accomplish it alone and needs the cooperation of other countries that share a similar vision. USA seeks to work… Continue reading The significance of the Indo-Pacific for India
Explained: India-Australia interim trade agreement and FTA
What is the News? India and Australia have announced that they are set to conclude an Early Harvest Agreement and a Comprehensive Economic Cooperation Agreement(CECA) thereafter. What is an Early Harvest Agreement? An interim or early harvest trade agreement is used to liberalise tariffs on the trade of certain goods between two countries or trading… Continue reading Explained: India-Australia interim trade agreement and FTA
Explained: What is Lassa fever, and what are its symptoms
What is the News? One of the three persons diagnosed with Lassa fever in the UK has died. The cases have been linked to travel to west African countries. What is Lassa Fever? Lassa fever-causing virus is found in West Africa. It was first discovered in 1969 in Lassa, Nigeria. The Lassa virus is named… Continue reading Explained: What is Lassa fever, and what are its symptoms
Explained: Why are states worried about high capex in Budget 2022?
What is the News? States have raised apprehensions about the rise in capital expenditure proposals outlined in the Union Budget 2022-23. What has the Budget announced on the capital expenditure? The Budget has proposed an increase in the capital expenditure by 24% to Rs 7.5 lakh crore compared with the revised estimate for 2021-22 at… Continue reading Explained: Why are states worried about high capex in Budget 2022?
Explained: The importance of the EOS-04 launch, ISRO’s first of 2022
What is the News? Indian Space & Research Organization(ISRO) will be launching the EOS-04 Satellite on board the Polar Satellite Launch Vehicle(PSLV-C52). What is EOS-04? EOS-04 is the fourth in the series of earth observation satellites. It is a Radar Imaging Satellite. It weighs about 1710 kg and will be placed in a sun-synchronous polar… Continue reading Explained: The importance of the EOS-04 launch, ISRO’s first of 2022
