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Meaning of Central Bank A central bank is the primary financial institution of a country responsible for managing the nation’s monetary policy and regulating its banking system. Unlike commercial banks, a central bank has the exclusive authority to expand the nation’s monetary base. Central banks worldwide are tasked with ensuring the stability of the financial …
Read MoreWhy in the news? Household debt in India reaches 40% of GDP, while net financial savings drop to 5%, signalling rising financial distress. source:slideserve What is Household debt? Household debt is the total amount individuals owe creditors. Includes loans for consumer durables, housing, and personal expenses like education or medical bills. Requires fixed payments of …
Read MoreSyllabus: GS 3 : Government budgeting Focus: India’s CAD has seen a notable decline, dropping from 2% of the GDP in Q3 2022-23 to a mere 1.2% in Q4 2023-24. Source: IE Significance: CAD serves as a pivotal indicator, reflecting a country’s external economic balance. A higher CAD often triggers concerns about potential rupee depreciation. …
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