About GIFT The Gujarat International Finance Tec-City (GIFT), a financial district located between Ahmedabad and Gandhinagar in Gujarat, was conceptualised as an alternative to global financial hubs such as Hong Kong, Singapore or London. Though the idea was mooted in …
What’s in the news? The World Bank has estimated that India will grow 6.5% in the current fiscal year (FY22-23), after having grown at 8.7% in the fiscal year ended March 31. The estimate for the current year was revised …
Context Speaking at the sixth anniversary of the Insolvency and Bankruptcy Board of India (IBBI) recently, Union Finance Minister Nirmala Sitharaman said that the country could not afford to lose the “sheen” of its insolvency law, the Insolvency and Bankruptcy …
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 …
Context: There is a view that Free trade agreements (FTAs) had not served India well, and had even actively damaged Indian industry. However this article highlights that they have not been a disaster for Indian industry, but India has not …
About External debt External debt is the portion of a country’s debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions. If a country cannot repay its external debt, it faces a debt crisis. If …
What is it? 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 …
What’s in the news? The Union Labour Ministry has released the fourth round (January-March 2022) of the Quarterly Employment Survey (QES), which is a part of the All India Quarterly Establishment based Employment Survey (AQEES). Highlights of the Survey The …
About The Foreign Trade Policy (FTP) 2015-20 was the Government of India on April 1, 2015. Following are the highlights of the FTP: FTP 2015-20 provides a framework for increasing exports of goods and services as well as generation of …
Context In a bid to make India’s $10 billion chip-making initiative more attractive to investors, the Centre has recently approved changes to the scheme for the development of a semiconductor and display manufacturing ecosystem in the country. How big is …