Context: With everyone adopting social distancing and self isolation, in the wake of forced sick leave due to COVID-19, discussions are ongoing regarding the decline of the sharing economy and creation of an isolation economy. An insight into functioning of Shared Economy A sharing economy based on the idea of prudence in ownership of things and efficiency in sharing of such assets. For e.g. it can be a car sharing through Uber or rental... .
Updated on 2 April, 2020
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Context:With coronavirus pandemic ongoing, vast sums of money will be needed for relief and stimulus measures. With this a school of thought has emerged relating to whether an ordinance should be issued to lift the FRBM cap on our fiscal deficit. The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 Objective To make the Central government responsible for ensuring “inter-generational eq... .
Updated on 2 April, 2020
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Context: Recently,the Centre has proposed to borrow Rs 4.88 lakh crore, or 62.56 per cent, in the first half of the fiscal, as against 62.25 per cent done in the previous fiscal. More about the news: Increased WMA The government has increased the ceiling on its temporary loan facility with the Reserve Bank of India known as Ways and Means Advance (WMA). Out of gross borrowings of Rs 7.8 lakh crore in FY21, the Centre has pr... .
Updated on 1 April, 2020
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Context: The output of eight core sectors of the Indian industry – coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity stood at 132.9 in February 2020, which is a jump by 5.5% if we compare to the index of February,2019. Index of Core Industries Objective The objective of the Index of Core Industries is to provide an advance indication on production pe... .
Updated on 1 April, 2020
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Source: Live mint Context: The 21 day lockdown announced by the Prime Minister might surge the bad loans/ Non Performing Asset in near future. Background: The lockdown was announced on 24th March and would be in force till 14th April in order to curtail the spread COVID-19 in India. It forbids people to step out of their homes and encourages social distancing. It has called for a complete shutdown of all industries except essential ... .
Updated on 1 April, 2020
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Context: The Union Commerce and Industry Ministry announced changes in the Foreign Trade Policy (FTP) of the Government of India. Changes announced: The present Policy which came into force on 1st April, 2015, is for 5 years and has validity upto 31st March, 2020. In view of the unprecedented current situation arising out of the pandemic novel COVID-19, the Government has decided to continue relief under various export promotion schemes by g... .
Updated on 1 April, 2020
