Economy

Planning an exit out of the easy money regime

Context: The RBI’s main challenge would be in managing the tension between restraining inflation and supporting recovery. Background: RBI followed expansionary monetary policy to manage the financial pressures caused by COVID-19. It cut policy interest rates Pumped the market with huge amount of liquidity and Targeted... .Read more

Updated on 12 January, 2021 GS3 Economy

The front seat in electric mobility

Context: The progression to electric vehicles is important for India because such vehicles are sustainable and profitable in the long term. Electric Vehicle Technology All-electric vehicles (EVs), also referred to as battery electric vehicles, have an electric motor instead of an internal combustion engine. The vehicle uses a large tra... .Read more

Updated on 11 January, 2021 GS3 Economy

Key takeaways from India’s latest GDP data (summary)

Context: Recently, the Ministry of Statistics and Programme Implementation (MoSPI) released the First Advance Estimates (FAE) for the current financial year. More on the news: According to MoSPI, India’s gross domestic product (GDP) - the total value of all final goods and services produced within the country in one financial year - will contr... .Read more

Updated on 9 January, 2021 GS3 Economy

Rewari - Madar section on Western freight corridor inaugurated

Context: Recently, the Prime Minister of India inaugurated the New Rewari-New Madar section of the Western Dedicated Freight Corridor and flagged off the world’s first 1.5-km-long electrified double stack long haul container train. More on the news: The section would be beneficial to farmers, industrialists and businessmen in the Nationa... .Read more

Updated on 8 January, 2021 GS3 Economy

Central Sector Scheme for Industrial Development of Jammu & Kashmir

Context: The Cabinet Committee on Economic Affairs chaired by Prime Minister, approved the proposal of Department for Promotion of Industry and Internal Trade (DPIIT) for Central Sector Scheme for Industrial Development of Jammu & Kashmir. More on the news: The scheme is approved with a total outlay of Rs. 28,400 crore upto the year ... .Read more

Updated on 8 January, 2021 GS3 Economy

National Infrastructure Pipeline (NIP) to push infra spending in India

Context: As part of the government’s plan to accelerate infrastructure spending in the economy, the Finance and Corporate Affairs Minister of India reviewed the progress of the National Infrastructure Pipeline (NIP) recently. More on the news: The Minister reviewed progress of the NIP, with a specific focus on 34 water and health-related... .Read more

Updated on 7 January, 2021 GS3 Economy