Why in news? Growing current account deficit. Surging imports and slowing exports will make the current account deficit rise. About News India’s merchandise trade deficit record high of 25.6 billion in June. The deficit was more than double the level observed last year. Trade deficit A trade deficit happens when the valu... .Read more
Updated on 6 August, 2022 GS3 Economy
Why in the news? As per a recent conference of the food minister and nutrition security of India, the Centre intervened to boost paddy sowing in the state as there is shrunk in sown area. What is Paddy Crops? Paddy, also called rice paddy, flooded fields used to cultivate rice in southern and eastern Asia. Paddy is a Kharif crop, It is grown in... .Read more
Why in the news? Recently, as per the report, the Indian market has witnessed the exit of FPIs (Foreign Portfolio Investment) due to the Russia-Ukraine war. What is FPI? FPI is a means of investment in which investors comprise securities and other financial assets in other countries. FPI comprises stocks, ADRs, bonds, mutual funds, and e... .Read more
Why in the News? As per the recent news, the government is implementing a ban on wheat and rice ban. Background This is definitely not the first attempt to ban wheat and rice exports. It was once done in 2007-08, in the concern of the global financial crisis. Maybe the government will also inflict stocking limits on merchants/traders for a ho... .Read more
News: New RBI report says, asset quality, ‘banking’s capital position system’ continues to grow and improve which is something recommendable. Why in the news? As per the recent RBI report, the Indian Banking system has improved and made growth in the last few years. According to the Reserve Bank of India’s latest fina... .Read more
Why in the news? The Indian currency hit an all-time low against the U.S. currency this week weakening past the 79 rupees to a dollar mark and selling as low as 79.05 against the dollar What is happening with the rupee? The Indian rupee has witnessed a steady decline this year, losing over 6% against the US dollar since the start of 2022. Indi... .Read more
You are not logged in. For bookmarking this please login first.
