13Jul 2024

DEREGULATING OF NON-SUBSIDISED FERTILISERS

Why in the News? The fertiliser industry advocates for deregulating non-subsidised fertilisers as a preliminary step before addressing politically sensitive urea and Nutrient Based Subsidy (NBS). Water-soluble fertilisers serve as a model for successful deregulation efforts. Source: HT About Water-soluble fertilizers: Water-soluble fertilizers dissolve easily in water, allowing nutrients like nitrogen, phosphorus, and potassium to …

13Jul 2024

SPECIAL CATEGORY STATUS: A POLITICAL BARGAINING CHIP

Syllabus: GS 3: Issues and Challenges Pertaining to the Federal Structure, Devolution of Powers and Finances . Government Policies and Interventions Why in the News? The demand for special category status (SCS) has resurfaced as various states, particularly those led by regional parties, seek additional financial benefits and support from the central government. The issue …

09Jul 2024

UGI USER
Economic Growth employment in India government jobs claim Indian Economy job creation labor market Policy Impact RBI report unemployment
90
0

“GOVERNMENT CLAIMS 8 CRORE JOBS CREATED, CITES RBI REPORT DATA”

Why in the news? Government cites RBI and PLFS data, claiming over 8 crore jobs created between 2017-18 and 2021-22. Contradicts Citigroup India’s report, highlighting a decline in unemployment rate and effectiveness of government policies. About Periodic Labour Force Survey (PLFS): Conducted by: National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation …

07Jul 2024

UGI USER
economic reforms Indian Economy inflation PPI RBI Viksit Bharat 2047 Wholesale Prices
59
0

OVERHAULING PRODUCER PRICE INDEX: ENHANCING ACCURACY AND RELEVANCE

Why in the news? The prices of vegetarian and non-vegetarian food plates have surged, reaching six and seven-month highs in June, respectively. CRISIL’s food cost tracker highlights significant inflation in key ingredients such as tomato, onion, potato, rice, and pulses, with official food inflation at 8.7% in May. Source: Forbes Key Developments The average cost …

07Jul 2024

UGI USER
Balance of Payments Capital Flows Current Account FDI Forex Reserves FPI Indian Economy RBI Trade Deficit
91
0

INDIA’S BALANCE OF PAYMENTS: UNDERSTANDING THE DYNAMICS

Why in the news? India’s current account showed a surplus in Q4 of 2023-24, marking the first surplus in 11 quarters. Movements in the current account are significant as they affect the rupee’s exchange rate, India’s sovereign ratings, and overall economic health. Source: Textbook What is Balance of Payments? Definition: The Balance of Payments (BoP) …

04Jul 2024

UGI USER
debt sustainability Economic Growth fiscal deficit fiscal policy government borrowing IMF India India debt Indian Economy public finance RBI
90
0

INDIA FACES HIGH DEBT BUT SUSTAINABLE FOR NOW

Why in the news? India’s public debt is nearly 82% of GDP, but it remains sustainable due to the country’s high growth rate and the higher share of local-currency debt. The high debt levels are manageable because of the higher real or nominal GDP and the predominance of rupee-denominated debt. Debt Levels Data: States hold …

04Jul 2024

“STATES’ REVENUE GROWTH TO RISE 8%-10% IN FY 2024-25: CRISIL”

Why in the news? CRISIL projects a revenue growth of 8%-10% for India’s top 18 States in 2024-25. Growth driven by higher GST collections and central tax devolutions, accounting for 50% of State revenues. source:quora About Goods and Services Tax (GST): GST was introduced through the 101st Constitution Amendment Act, 2016. The GST has subsumed …

03Jul 2024

UGI USER
bad loans in India banking crisis credit risk Financial Stability household debt Indian Economy individual loans industrial bad loans NPAs RBI
78
0

IS THE BAD LOAN PROBLEM SHIFTING TO INDIVIDUALS FROM INDUSTRIES?

Syllabus: GS 2: Banking sector in India. Effects of Liberalization on the Economy, Changes in Industrial Policy and their Effects on Industrial Growth. Focus: The resurgence of discussions around Non-Performing Assets (NPAs) and bad banks stems from ongoing efforts to stabilize India’s banking sector. With a focus on resolving NPAs and easing bank balance sheets, …

03Jul 2024

RBI PROPOSES RATIONALISING EXIM NORMS

Why in the news? The Reserve Bank of India (RBI) has suggested changes to regulations governing export and import transactions. This move aims to enhance the ease of doing business and enable banks to better serve their foreign exchange customers. Source: ResearchGate Proposed Regulations RBI issued the “Regulation of Foreign Trade under Foreign Exchange Management …

03Jul 2024

GOVERNMENT’S INITIATIVE TO BOOST CIRCULAR ECONOMY THROUGH PLI SCHEME

Why in the news? The Ministry of Mines is developing a Production Linked Incentive (PLI) scheme to enhance the recycling of critical minerals in India. This initiative aims to stimulate domestic supply chains and address the lackluster response to recent auctions of critical mineral source: BS Key Points : The PLI scheme targets e-waste recycling …

Tag