Background: Union Finance Minister Nirmala Sitharaman announced during her Budget speech that the Centre would reduce its fiscal deficit to 4.9% of gross domestic product (GDP) in 2024-25. She further added that the fiscal deficit would be reduced to below …
About Coined way back in 2013, ‘China-plus-one’ is a global business strategy adopted by multinational companies to diversify their manufacturing and supply chain operations beyond China. The primary aim is to reduce dependency on China and mitigate risks associated with …
About Core inflation (inflation in the price index excluding food, fuel and other volatile components) has been viewed by many as the better measure of inflation for monetary policy purposes. This is because food and fuel price shocks are transitory …
Context The Chief Justice of India (CJI) has agreed to list before Constitution Benches, the petitions challenging the money Bill route taken by the Centre to pass contentious laws/amendments. What are money and financial Bills? The Constitution defines certain categories …
About the Programme The Sagarmala project seeks to develop a string of ports around India’s coast. The objective of this initiative is to promote “Port-led development” along India’s 7500 km long coastline. It aims to develop access to new development …
About Futures and options (F&O) are derivative products in the stock market. Since they derive their values from an underlying asset, like shares or commodities, they are called derivatives. They are agreements to buy and sell assets in future at …
What is Priority Sector Lending? Priority Sector means those sectors which the Government of India and Reserve Bank of India consider as important for the development of the basic needs of the country and are to be given priority over …