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Context: Electric vehicles (EVs) may be the future of mobility but at present form a minuscule portion of the vehicles sold in India. More on news: China is way ahead of India: As per International Energy Agency’s Global EV Outlook 2020, India has only 6 lakh electric two wheelers as of March 2019, further the country has less than 5000 cars. China on the flip side is the world leader in both car and two wheeler segment having 3.4 million el... .
Updated on 15 July, 2020
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Context: RBI chief has cautioned about the approaching stress in the financial sector owing to the pandemic. Impact of Pandemic: It has brought banks under severe stress as they are hit on both demand as well as supply fronts. On the demand side the slowdown in the economy is leading to business closures and job losses which is decreasing the demand for credit. On the supply front they are facing redemption pressures as masses are withd... .
Updated on 14 July, 2020
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Context: The Reserve Bank of India (RBI) said by deploying its conventional and unconventional tools, the markets remained liquid and stable, which established conditions for a finance-led recovery of the economy ahead of the revival of demand. Challenges for Indian Economy: The RBI said that with the onset of COVID-19, financial institutions were faced with liquidity stress, loss of access to funding and tightening of financial conditions ami... .
Updated on 14 July, 2020
Context: Recently, NITI Aayog presented India’s second Voluntary National Review (VNR) at the United Nations High-level Political Forum (HLPF) on Sustainable Development, 2020. Background: The Sustainable Development Goals (SDGs) were adopted in September 2015 as a part of the resolution, ‘Transforming our world: the 2030 Agenda for Sustainable Development’. India is committed to achieve the 17 SDGs and the 169 associated targets, whic... .
Updated on 14 July, 2020
Context: Amid debates on the needs, challenges and opportunities of Indian economy decoupling with that of China's, the first thing India needs is to create a free and competitive market and a globally competitive industrial sector. More on the news: To achieve this, India needs to get rid of entirely pointless regulations that hamper enterprise, must build a single national market and need a stable banking system and fine infrastructure. How t... .
Updated on 13 July, 2020
Transparency International defines Corruption as the abuse of entrusted power for private gain. Corruption can take many forms, and can include behaviours like: public servants demanding or taking money or favours in exchange for services, politicians misusing public money or granting public jobs or contracts to their sponsors, friends and families, corporations bribing officials to get lucrative deals. Corruption can happen ... .
Updated on 12 July, 2020
