Economics

IASGateAdmin | 05, May 2020

INSURANCE CLAIMS AMID COVID-19…

Why in News? Companies that suffered business interruption losses due to the Covid-19 outbreak and lockdown are likely to bat…

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IASGateAdmin | 05, May 2020

MANUFACTURING HITS RECORD LOW

Why in News? According to a recent IHS Markit India monthly survey, Manufacturing Purchasing Managers’ Index (PMI) fell to 27.4…

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IASGateAdmin | 30, Apr 2020

FINAL REPORT ON NATIONAL…

Why in News? The task force headed by Atanu Chakraborty on National Infrastructure Pipeline (NIP) submitted its final report to…

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IASGateAdmin | 10, Apr 2020

INDUSTRIAL BODIES CLAIMS FOR…

Why in News? The National Real Estate Development Council (NAREDCO) and the Associated Chambers of Commerce and Industry of India…

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IASGateAdmin | 07, Apr 2020

IHS MARKIT INDIA SERVICES…

Why in News? The IHS Markit India Services Business Activity Index (i.e Service Purchasing Managers’ Index (PMI)) has registered a…

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IASGateAdmin | 03, Apr 2020

Prelim Snippets- 03.04.2020

1.AarogyaSetu App Why in News? Recently, The Government of India launched a mobile app developed in public-private partnership to bring…

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IASGateAdmin | 01, Apr 2020

RBI INTRODUCES “FULLY ACCESSIBLE…

Why in News? In the Union Budget, it has been announced that certain specified categories of government securities would be…

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IASGateAdmin | 31, Mar 2020

Prelim Snippets- 31.03.2020

1.PM-CARES Fund Why in the News? The government has set up the Prime Minister’s Citizen Assistance and Relief in Emergency…

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IASGateAdmin | 31, Mar 2020

Daily Current Affairs Quiz…

[WATU 285]

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IASGateAdmin | 27, Mar 2020

Prelim Snippets- 27.03.2020

1. Payroll Reporting in India: An Employment Perspective Why in the News? National Statistical Office (NSO), Ministry of Statistics and…

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IASGateAdmin | 21, Mar 2020

INDIA BECOMES 3RD LARGEST…

Why in News? As per the Key World Energy Statistics 2019 published by the International Energy Agency, India has been…

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IASGateAdmin | 18, Mar 2020

RBI GUIDELINES TO REGULATE…

Why in News? The Reserve Bank of India has recently released guidelines for regulating activities of Payment Aggregators and Payment…

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IASGateAdmin | 14, Mar 2020

Prelim Snippets – 14.03.2020

1.Bhoomi Rashi Portal Why in News? Bhoomi Rashi Portal is in news recently regarding the land acquisition process of Central…

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IASGateAdmin | 13, Mar 2020

Prelim Snippets – 13.03.2020

1.ARI-516-Hybrid Variety of Grapes Why in News? Scientists from Agharkar Research Institute (ARI), an autonomous institute of the Department of…

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IASGateAdmin | 04, Mar 2020

PUSHING THE WRONG ENERGY…

Context: In the backdrop of the recent visit of the US President to India, the joint statement highlighted the setting…

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IASGateAdmin | 21, Feb 2020

Prelim Snippets- 21.02.2020

1. North East Sustainable Development Goals Conclave 2020 Why in News? NITI Aayog is organising “Sustainable Development Goals (SDG) Conclave…

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IASGateAdmin | 07, Jan 2020

BHARAT BOND ETF ENTERS…

Why in News? Bharat Bond ETF has made its maiden debut in the secondary market as the first corporate Bond…

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IASGateAdmin | 07, Dec 2019

GUIDELINES FOR “ON TAP…

Context: The RBI has recently released the Guidelines for “on tap Licensing” of Small Finance Banks in the Private Sector.…

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IASGateAdmin | 30, Nov 2019

Prelim Snippets 30-11-2019

1. Asian Dendrochronology Conference Why in News? The 6th Asian Dendrochronology Conference being held at the Birbal Sahni Institute of…

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IASGateAdmin | 19, Nov 2019

DEPOSIT INSURANCE COVER TO…

Why in News? The central government now plans to raise the cover of deposit insurance after the failure of the…

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IASGateAdmin | 18, Nov 2019

SUPREME COURT’S JUDGMENT ON…

Why in News? The Supreme Court has recently given its judgement in the Essar Insolvency case that has paved the…

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IASGateAdmin | 12, Nov 2019

SHRINKAGE IN IIP RECORDED…

Why in News? According to official data released recently, Industrial activity in September contracted sharply by 4.3%, a historical low,…

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IASGateAdmin | 05, Nov 2019

Prelim Snippets 05-11-2019

1.Gaofen-7 Why in News? China has launched a new Earth observation satellite- Gaofen-7. About: China launched a new high-resolution remote…

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IASGateAdmin | 25, Oct 2019

Prelim Snippets 25-10-2019

1.Aye-aye: World’s Weirdest Little Primate Why in News? North Carolina State University has revealed a new secret about a strange…

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IASGateAdmin | 23, Oct 2019

CREDIT SUISSE’S GLOBAL WEALTH…

Why in News? The Credit Suisse Group, a Switzerland-based multinational investment bank, has released the 10th edition of its annual…

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IASGateAdmin | 23, Oct 2019

KHADI AND VILLAGE INDUSTRIES…

Why in News? The Khadi and Village Industries Commission (KVIC) and the Goa State Government have joined hands with an…

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IASGateAdmin | 18, Oct 2019

LIVESTOCK CENSUS

Why in News? Department of Animal Husbandry & Dairying releases 20th Livestock Census; Total Livestock population increases 4.6% over Census-2012,…

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IASGateAdmin | 17, Oct 2019

INDIA INTELLECTUAL PROPERTY (IP)…

Why in News? The Services Export Promotion Council (SEPC), set up by the Ministry of Commerce & Industry, has brought…

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IASGateAdmin | 17, Oct 2019

IMF’S WORLD ECONOMIC OUTLOOK…

Context: International Monetary Fund (IMF) has released its report “World Economic Outlook” (WEO)- 2019 recently. About the Report: The World…

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IASGateAdmin | 16, Oct 2019

INTERCONNECT USAGE CHARGE (IUC)

Why in News? Telecom Regulatory Authority of India (TRAI) has decided to review the scrapping of interconnect usage charge from…

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IASGateAdmin | 16, Oct 2019

RANDOMISED CONTROLLED TRIAL (RCT)

Why in News? The new Economics Nobel laureates - Abhijit Banerjee, Esther Duflo and Michael Kremer - are considered to…

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IASGateAdmin | 15, Oct 2019

NOBEL PRIZE FOR ECONOMICS

Why in News? The Royal Swedish Academy of Sciences has decided to award the 2019 Sveriges Riksbank Prize in Economic…

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IASGateAdmin | 10, Oct 2019

GLOBAL COMPETITIVENESS INDEX 2019

Why in News? The annual Global Competitiveness Index (GCI) compiled by Geneva-based World Economic Forum (WEF) is released. India slipped…

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IASGateAdmin | 10, Oct 2019

CABINET HIKES DEARNESS ALLOWANCE…

Why in News? The Union Cabinet decided to increase the Dearness Allowance (or DA) that it pays its current employees…

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IASGateAdmin | 09, Oct 2019

GREEN CHANNEL COMBINATION

Why in News? Putting in place a speedier approval mechanism, Competition Commission has introduced a green channel route for clearing…

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IASGateAdmin | 07, Oct 2019

TAX RELIEF FOR FOOD…

Why in News? In a significant judgment, the Supreme Court has held that supply of food, drinks and beverages by…

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IASGateAdmin | 07, Oct 2019

WORLD COTTON DAY

Why in News? The Ministry of Textiles, Government of India, is participating in the World Cotton Day event being observed…

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IASGateAdmin | 05, Oct 2019

TITLE INSURANCE

Why in News? The Insurance Regulatory and Development Authority of India has constituted a working group that will revisit the…

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IASGateAdmin | 04, Oct 2019

BHARAT 22 ETF

Why in News? The Further Fund Offer 2 (FFO 2) of Bharat 22 Exchange-Traded Fund (ETF), which is part of…

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IASGateAdmin | 04, Oct 2019

PRAKASH PORTAL

Why in News? Ministry of Power launched PRAKASH (Power Rail Koyla Availability through Supply Harmony) About PRAKASH (Power Rail Koyla…

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IASGateAdmin | 02, Oct 2019

SOVEREIGN GOLD BONDS SCHEME…

Why in News? The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign…

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IASGateAdmin | 02, Oct 2019

GREEN ENERGY TARGET LACKS…

Why in News? Prime Minister Narendra Modi at the Climate Action Summit in New York announced India’s ambitious aim to…

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IASGateAdmin | 02, Oct 2019

FISCAL RESPONSIBILITY AND BUDGET…

Why in News? States’ gross fiscal deficit (GFD) has remained within the Fiscal Responsibility and Budget Management Act (FRBM) threshold…

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IASGateAdmin | 01, Oct 2019

BAN ON EXPORT OF…

Why in News? Union ministry of commerce and industry amended export policy of onion from free to prohibited, which amounts…

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IASGateAdmin | 01, Oct 2019

EIGHT CORE SECTORS SHRINK…

Why in News? The eight core sectors that form the bellwether for the Indian economy slumped in August to their…

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IASGateAdmin | 01, Oct 2019

APPRENTICESHIP (AMENDMENT) RULES, 2019

Why in News? Central government has notified changes in Apprenticeship Rules (1992) with an aim to increase skilled manpower in…

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IASGateAdmin | 30, Sep 2019

INDUSTRY 4.0

Why in News? A Pilot Project for ushering in ‘Industry 4.0’ in the country, is launched for implementation at the…

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IASGateAdmin | 29, Sep 2019

WORRY FOR ECONOMY: LABOUR’S…

Why in News? Labour’s share to national incomes has been declining in both developing and developed countries for around four…

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IASGateAdmin | 29, Sep 2019

ADDRESSING THE DEMAND DROUGHT…

Background: A persistent slowdown has dragged economic growth in India down to 5% in the fiscal first quarter, weakest in…

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IASGateAdmin | 25, Sep 2019

16TH GLOBAL SME BUSINESS…

Why in news? Union Minister Shri Nitin Gadkari inaugurated the 16th Global SME Business Summit 2019 in New Delhi on…

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IASGateAdmin | 25, Sep 2019

NATIONAL CONCLAVE ON ENERGY…

Why in News? The National Conclave on Energy Efficiency in MSME sector was inaugurated by Union Ministers in Hyderabad. Highlights:…

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IASGateAdmin | 21, Sep 2019

37TH GST COUNCIL MEETING

Why in News? The 37th GST Council met on 20th September 2019 in Goa under the chairmanship of Union Finance…

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IASGateAdmin | 19, Sep 2019

Prelim Snippets 19-09-2019

1.Bio-Fencing Why in News? Uttarakhand government has decided to carry out bio-fencing to check man-animal conflict. According to officials leopards…

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IASGateAdmin | 18, Sep 2019

NIRVIK SCHEME

Why in News? To enhance the loan availability of exporters, and the MSME sector the Export Guarantee Corporation of India…

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IASGateAdmin | 18, Sep 2019

IMPACT OF ATTACK ON…

Why in News? Last week the Houthis, a rebel Shia group of Yemen that is backed by Iran, bombed the…

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IASGateAdmin | 17, Sep 2019

MEASURES TO ENHANCE IPR…

Why in News? The Ministry of Commerce and Industry has proposed to reduce the fees for various IPRs (Intellectual Property…

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IASGateAdmin | 17, Sep 2019

DIGITAL CERTIFICATES OF ORIGIN…

Why in News? In continuation of Finance Minister announcements to revive the export sector, Commerce Minister has launched the common…

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IASGateAdmin | 15, Sep 2019

NEW MEASURES TO BOOST…

Why in News? Finance Minister Nirmala Sitharaman has announced a fresh set of measures worth around 70,000 crore rupees to…

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IASGateAdmin | 14, Sep 2019

GOVT IMPOSES MINIMUM EXPORT…

Why in News? The government has imposed a minimum onion export price of 850 US dollars per tonne to curb…

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IASGateAdmin | 12, Sep 2019

Prelim Snippets 12-09-2019

1.Pokkali Amman Thiruvizha Why in News? It is a festival which is celebrated once in a decade during September on…

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IASGateAdmin | 12, Sep 2019

MARKET INTERVENTION PRICE SCHEME

Why in News? Kashmir’s famed apple is battling to get exported outside the State this year as militants are campaigning…

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IASGateAdmin | 11, Sep 2019

THE NATIONAL AGRICULTURAL COOPERATIVE…

Context: NAFED has been tasked with purchasing all the apples that growers bring to sell at mandis in the Kashmir…

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IASGateAdmin | 11, Sep 2019

INDIA’S SECOND MULTI-MODEL TERMINAL

Why in News? The Prime Minister dedicated to the nation India’s second riverine Multi-Modal terminal built at Sahibganj in Jharkhand…

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IASGateAdmin | 10, Sep 2019

‘ANGAN’- INTERNATIONAL CONFERENCE ON…

Why in News? An international conference ANGAN (Augmenting Nature by Green Affordable New-habitat) focussed on Energy Efficiency in Building Sector…

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IASGateAdmin | 09, Sep 2019

NATIONAL INFRASTRUCTURE PIPELINE OF…

Why in News? To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (Rs.…

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IASGateAdmin | 09, Sep 2019

FIRST MEGA FOOD PARK…

Why in News? Union Minister of Food Processing Industries today inaugurated the first Mega Food Park in Telangana promoted by…

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IASGateAdmin | 08, Sep 2019

EXTERNAL BENCHMARK-BASED LENDING

Why in News? The RBI has made it mandatory for all banks to link floating rate loans — to retail…

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IASGateAdmin | 05, Sep 2019

CBDT ENTERS INTO 26…

Why in News? The Central Board of Direct Taxes (CBDT) has entered into 26 Advance Pricing Agreements (APAs) in the…

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IASGateAdmin | 04, Sep 2019

ETHANOL BLENDED PETROL (EBP)…

Why in News? The Cabinet Committee on Economic Affairs has given its approval for fixing higher ethanol price derived from…

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IASGateAdmin | 03, Sep 2019

AUTOMATIC EXCHANGE OF INFORMATION…

Why in News? Banking details of Indians with accounts in Switzerland will be available to tax authorities as the automatic…

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IASGateAdmin | 03, Sep 2019

STEERING COMMITTEE ON FINTECH…

Why in News? The Steering Committee on Fintech related issues constituted by the Ministry of Finance, Department of Economic Affairs,…

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IASGateAdmin | 01, Sep 2019

INDIA TO GET SWISS…

Why in News? From September 1, India will start receiving information on all financial accounts held by Indian residents in…

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IASGateAdmin | 01, Sep 2019

ECONOMICS BEHIND E-VEHICLE BATTERIES

Background: Shifting gears in the transition to electric vehicles (EVs), the NITI Aayog, in May this year, proposed to ban…

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IASGateAdmin | 31, Aug 2019

100% FDI IN COAL…

Why in News? The Centre’s recently announced 100% foreign direct investment (FDI) in the coal sector. Highlights: India is one…

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IASGateAdmin | 31, Aug 2019

MERGER OF PUBLIC SECTOR…

Context: The Centre has announced a mega amalgamation plan, aimed at improving their financial health and enhancing their lending capacity…

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IASGateAdmin | 30, Aug 2019

CABINET APPROVES PROPOSAL FOR…

Why in News? The Union Cabinet has approved the proposal for Review of Foreign Direct Investment on various sectors. FDI:…

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IASGateAdmin | 29, Aug 2019

TECH SAKSHAM

Why in News? The Union Ministry for Micro, Small and Medium Enterprises (MSME) has launched a project named ‘Tech Saksham’…

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IASGateAdmin | 28, Aug 2019

HOW AND WHY RBI…

Context: The Reserve Bank of India (RBI) will transfer ₹1.76 trillion to the government this fiscal. Background: RBI Board accepted…

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IASGateAdmin | 28, Aug 2019

ECONOMIC CAPITAL FRAMEWORK

Why in News? The Reserve Bank of India (RBI) has decided to transfer Rs 1.76 lakh crore to the Central…

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IASGateAdmin | 27, Aug 2019

DEVELOPMENT FINANCIAL INSTITUTION (DFI)

Why in News? The government has proposed to set up a Development Financial Institution (DFI) to solve the infrastructure financing…

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IASGateAdmin | 27, Aug 2019

SPECIAL DATA DISSEMINATION STANDARDS…

Why in News? In 2018, India failed to comply with multiple requirements prescribed in the Special Data Dissemination Standard (SDDS)…

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IASGateAdmin | 26, Aug 2019

Prelim Snippets 26-08-2019

Bavar-373 Context: Iran has officially unveiled Bavar-373 air defense system About: It is Iran’s new home-grown air defence system. It…

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IASGateAdmin | 24, Aug 2019

NEW FPI NORMS

Context: SEBI has relaxed the FPI norms to check the outflows of FPIs from India. SEBI relaxes Foreign Portfolio Investors…

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IASGateAdmin | 23, Aug 2019

CAPACITY BUILDING OF SUSTAINABLE…

Why in News? A National Conference on Capacity Building of Sustainable Food Value Chains for Enhanced Food Safety and Quality…

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IASGateAdmin | 23, Aug 2019

DEBENTURE REDEMPTION RESERVE

Why in News? The Centre has removed Debenture Redemption Reserve (DRR) requirement for listed companies, NBFCs and housing finance companies…

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IASGateAdmin | 21, Aug 2019

Prelim Snippets 21-08-2019

M-SAND Context:Tamil Nadu State Government has proposed to come up with a M-Sand policy About M-Sand: Manufactured sand (M-Sand) is…

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IASGateAdmin | 21, Aug 2019

ULTRA-MEGA SOLAR PARK

Context:National energy major NTPCis planning to set up an ultra-mega solar park in the Kutch region of Gujarat that will…

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IASGateAdmin | 21, Aug 2019

HOW FORESTS CAN HELP…

Background The Government of India is working out a plan to double farmers’ income by 2022. The government plans to…

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IASGateAdmin | 19, Aug 2019

INDIAN LIVESTOCK

Context: India's Livestock Export Potential Can't Be Realised Till We Eradicate Foot-and-Mouth Disease Stats- In India, livestock contributes over 4%…

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IASGateAdmin | 17, Aug 2019

GOVT. ISSUES GUIDELINES FOE…

Why in news? In pursuance of the announcement made in the Union Budget 2019-20 the Government has issued a scheme…

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IASGateAdmin | 17, Aug 2019

GOVERNMENT PLANS TO EXIT…

Why in News? Government has given ‘in-principle’ approval for strategic disinvestment of 23 Central Public Sector Enterprises (CPSEs) including subsidiaries,…

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IASGateAdmin | 16, Aug 2019

RBI ISSUES FINAL NORMS…

Why in News? The Reserve Bank of India (RBI) has issued the final framework for regulatory sandbox in order to…

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IASGateAdmin | 16, Aug 2019

COMPETITION LAW REVIEW COMMITTEE

Why in News? Shri Injeti Srinivas, Secretary (Corporate Affairs) presented the Report of the Competition Law Review Committee Highlights: The…

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IASGateAdmin | 16, Aug 2019

Prelim Snippets 16-08-2019

MICO MUNDURUKU Context: A researcher has discovered a new species of marmoset, a type of primate in the Brazillian Amazon,…

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IASGateAdmin | 14, Aug 2019

Prelim Snippets 14-08-2019

PRAAPTI PORTAL Context: The Central Electricity Authority (CEA) is planning to maintain the database of all outstanding dues by distribution…

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IASGateAdmin | 14, Aug 2019

CSR EXPENDITURE TO BE…

Why in News? Shri Injeti Srinivas, Secretary (Corporate Affairs), presented the Report of the High Level Committee on CSR to…

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IASGateAdmin | 14, Aug 2019

NEGATIVE RATE POLICY

Context: Negative rate policy – once considered only for economies with chronically low inflation such as Europe and Japan –…

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IASGateAdmin | 14, Aug 2019

US-CHINA TRADE WAR

Context: Researchers at Morgan Stanley have alerted that if US and China continue to heap increasing tariff and non-tariff barriers…

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IASGateAdmin | 14, Aug 2019

CERTIFICATION OF SEEDS TO…

Context: The Centre is planning to mandate uniform certification by pushing through a replacement to the Seeds Act, 1966. Background:…

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IASGateAdmin | 12, Aug 2019

MUKHYA MANTRI KRISHI ASHIRWAD…

Why in News? The Vice President of India, Shri M. Venkaiah Naidu has called for introducing structural reforms in the…

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IASGateAdmin | 12, Aug 2019

LINKING FARMERS TO FUTURES…

Why in News? The Indian Council for Research on International Economic Relations (ICRIER) study suggests the need to empower the…

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IASGateAdmin | 11, Aug 2019

PRADHAN MANTRI KISAN MAAN-DHAN…

Context: The PM-KMY was launched by Agriculture Minister which entitles eligible farmers for monthly pension of ₹3,000 per month on…

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IASGateAdmin | 10, Aug 2019

INDIAN ECONOMY SLOWDOWN

Context- The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the…

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IASGateAdmin | 08, Aug 2019

RBI CUT LENDING RATE…

Context: In a bid to augur economic activity amidst slowing consumption demand, the monetary policy committee of Reserve Bank of…

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IASGateAdmin | 06, Aug 2019

US TREASURY LABELS CHINA…

Context: The Trump administration formally labeled China a currency manipulator, further escalating its trade war with Beijing after the country’s…

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IASGateAdmin | 04, Aug 2019

PASHMINA PRODUCTS RECEIVE BIS…

Why in News? Bureau of Indian Standards (BIS) has published an Indian Standard for identification, marking and labelling of Pashmina…

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IASGateAdmin | 03, Aug 2019

NATIONAL TIME RELEASE STUDY

Why in News? The Department of Revenue, Ministry of Finance, as part of its strategic commitment to improve global trade,…

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IASGateAdmin | 03, Aug 2019

Prelim Snippets 03-08-2019

INSTITUTE OF EMINENCE Context: University Grants Commission (UGC) recommends 20 institutions for Institutes of Eminence The IITs Madras and Kharagpur,…

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IASGateAdmin | 31, Jul 2019

GREEN BONDS AND CLIMATE…

Context: New study finds firms that have adopted green bonds benefit from both positive financial and environmental outcomes. What Are…

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IASGateAdmin | 28, Jun 2019

THE SPECIAL ECONOMIC ZONES…

It amends the Special Economic Zones Act, 2005 and replaces an Ordinance that was promulgated on March 2, 2019. The…

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