Economy

Inflation Eases to 4.29%

Context: India’s retail inflation slowed to a three-month low of 4.29% in April 2021, from 5.52% in March 2021 helped by softer food prices as well as a base effect. More in the news: National Statistical Office data showed Industrial output surged by 22.4% in March, lifted by the statistical impact of the year-earlier period&rsq... .Read more

Updated on 13 May, 2021 GS3 Economy

Production plans for ACC batteries

Context: Union cabinet approved the Production Linked Incentive (PLI) scheme for manufacturing advanced chemistry cell (ACC) battery. More in the news: An estimated outlay of manufacturing is ₹18,100 crore. Major battery consuming sectors includes which are expected to be benefitted are: Consumer Electronics. Electric Vehicles. Advan... .Read more

Updated on 13 May, 2021 GS3 Economy

Oil Outsourcing by India

Context– India is largely dependent on oil imports from the middle-east to meet its domestic fuel consumption needs. India should enhance its refining capabilities and also look into “energy diversification” to make a balance between its imports and export costs. Background- In the past few decades, differences in refining ca... .Read more

Updated on 12 May, 2021 Economy

Is Indian Economy affected by rising metal prices?

Context: Metal prices are on a tear as investors bet on global economic recovery amid supply-side constraints. More in the news: Probable cause of price hike of Metals: Globally, demand is outpacing supply because of economic recovery with improving manufacturing and better demand. Forecast for electric vehicles where copper (prices... .Read more

Updated on 12 May, 2021 GS3 Economy

Fixing the Vaccine Crunch

Context: Besides the two vaccines in use in India, three vaccine candidates look promising in their trials. More in the news: The main issue of volume of vaccines: Bharat Biotech (BB) was making about 8-10 million doses of Covaxin a month. Serum Institute of India (SII) makes about 70 million doses of Covishield a month. We need about ... .Read more

Updated on 12 May, 2021 GS3 Economy Science and Technology

SEBIs ‘Person in Control’ concept

Context: Markets regulator SEBI proposed to rationalise the definition of ‘promoter group’ and the concept of ‘person in control’. More in the news: SEBI also lower the minimum lock-in periods for promoters and other shareholders after an IPO. The Securities and Exchange Board of India (SEBI) has sought comments from the pu... .Read more

Updated on 12 May, 2021 GS3 Economy