What’s in the news? The Economic Survey 2022-23 has projected a baseline GDP growth of 6.5 per cent in real terms in the next financial year. The Survey was presented in both Houses of Parliament today by Finance Minister Nirmala …
About ICI The monthly Index of Eight Core Industries (ICI) is a production volume index. The objective of the ICI is to provide an advance indication on production performance of industries of ‘core’ nature. These industries are likely to impact …
About FRBM Act Fiscal deficit is the difference between total expenditure and total receipts except borrowing and other liabilities. Fiscal Responsibility and Budget Management (FRBM) Act was enacted in 2003 which set targets for the government to reduce fiscal deficits. …
Background In 2020, as a part of the announcements made under the Atmanirbhar Bharat, the Central government allowed commercial mining in the coal sector. What is commercial mining? Commercial mining allows the private sector to mine coal commercially on a …
What’s in the news? The Ministry of Ports, Shipping and Waterways has launched The National Logistics Portal (marine) (NLP). It is a one-stop platform aimed at connecting all the stakeholders of the logistics community using IT, to improve efficiency and …
What’s in the news? India’s foreign trade data for the first eight months of 2022-23 has been significantly revised, with the import bill being scaled up or down by at least $2 billion in each of those months, in comparison …
Foreign Exchange Reserve indicates the reserves held by RBI in the form foreign currency assets, gold, SDR and reserve tranche. Components of foreign exchange reserve: Foreign Currency Assets: Currencies of foreign countries are held in foreign exchange reserves. Apart from …
Context Over the past year, the post-pandemic normalisation has caused India’s current account deficit (CAD) to swell to exceptional proportions. At home, normalisation has spurred a renewed demand for imported inputs. But abroad, it has had the opposite effect, leading …
About WPI Wholesale Price Index measures and tracks the changes in the price of goods in the stages before the retail level. It provides estimates of inflation at the wholesale transaction level for the economy as a whole. WPI basket …
What is PMI? Purchasing Managers’ Index is an economic indicator which indicates the business activity & economic health of both the manufacturing and service sectors. PMI of India is published by Japanese firm Nikkei but compiled and constructed by IHS …