Economy

It’s goodbye to fiscal orthodoxy

Context: The government's Budget for 2021-22 estimates fiscal deficit at 9.5% of GDP for FY21 and 6.8% in FY22. This Budget marked departure from a rigid adherence to fiscal consolidation. The Finance Minister has promised to introduce an amendment to the FRBM Act to formalise the new targets. Earlier Indian fiscal policy had adhered to orthodoxy... .Read more

Updated on 10 February, 2021 GS3 Economy

6th Edition of ‘India Pharma & India Medical Device 2021’

Context: The Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, jointly with FICCI & Invest India is organizing the 6th edition of annual program on Pharmaceuticals & Medical Device sector – ‘India Pharma & India Medical Device 2021’. Objectives: To further provide business linkages & remove bot... .Read more

Updated on 9 February, 2021 GS3 Economy

Disinvestment will be squeaky clean, says DIPAM Secretary

Context: The Secretary for the Department of Investment and Public Asset Management (DIPAM) said that the government will adopt a ‘squeaky clean process’ for the privatisation of public sector enterprises as per the new policy unveiled in the Budget. Background Divestment or disinvestment means selling a stake in a company, subsidiary or... .Read more

Updated on 8 February, 2021 GS3 Economy

push-for-entrepreneur-significance-of-one-person-companies-summary

Promoting entrepreneur: Significance of one-person companies

Context: In her recent Budget speech, the Union Finance Minister announced measures to ease norms on setting up one-person companies (OPCs). More on the news: According to her, the step of allowing OPCs to grow without any restrictions on paid-up capital and turnover would directly benefit start-ups and innovators. According to the Mon... .Read more

Updated on 8 February, 2021 GS3 Economy

JV’s ‘Daily Targets Initiative for UPSC CSE 2021’

Welcome to Jatin Verma’s IAS Academy “Daily Target Initiative” for UPSC CSE Prelims – 2021. The timetable is designed to help you to cover all important sources multiple times in an organised manner with discipline. The timetable has been prepared taking into consideration the different levels of preparation of each aspirant. Hi... .Read more

Updated on 6 February, 2021 Target 2021 Preparation Strategy Polity Economy Ancient Indian History Medieval Indian History Environment Geography Current Affairs Art & Culture

RBI keeps policy rates unchanged, projects FY22 GDP growth at 10.5%

Context: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0%. All members of the MPC unanimously voted for keeping the policy repo rate unchanged at 4 %. The reverse repo rate under the LAF remains unchanged at 3.35% and t... .Read more

Updated on 6 February, 2021 GS3 Economy