What’s in the news? Recently the deputy governor of Reserve Bank of India T. Rabi Shankar said that the RBI is currently working on a phased implementation strategy for its own digital currency, Central Bank Digital Currency (CBDC), and will …
What is NPA? A non performing asset (NPA) is a loan or advance for which the principal or interest payment remains overdue for a period of more than 90 days. Banks classify NPAs further into Substandard, Doubtful and Loss assets. …
About the scheme In April last year, the central government had for the first time notified the Production Linked Incentive (PLI) scheme for mobile phones and allied component manufacturing. As a part of the scheme, companies which set up new …
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 …
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 are Government Securities (G-Secs)? G-Secs are tradable instruments like bonds issued by the Central Government or the State Governments with a promise of repayment upon maturity. The Central Government can issue both treasury bills and bonds while the State …
What’s in the news? India has recorded the highest ever merchandise export of 95 billion dollars in the first quarter of April to June this year despite the severity of the second wave of COVID-19 pandemic. Also, the country has …
Background In the Union Budget 2021-22, the government proposed a disinvestment target of ₹1.75 lakh crore for this fiscal year. Out of the total ₹1.75 lakh crore, ₹1 lakh crore is to come from selling government stake in public sector …
CONTEXT The second wave of the COVID-19 pandemic could be slowly receding as per official estimate. The economy is also very gradually getting back to normal, with many States beginning to ease some of the restrictions imposed in their lockdowns. …
What’s in the news? The UN Conference on Trade and Development has released its World Investment Report 2021. The Report supports policymakers by monitoring global and regional investment trends and national and international policy developments. This year’s report reviews investment …