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 before the release of Index of …
About NIIF National Investment and Infrastructure Fund (NIIF), is an Indian-government backed entity established in 2016 to provide long-term capital to the country’s infrastructure sector. The Indian government has 49 per cent stake in NIIF with the rest held by …
Background Under the Atma Nirbhar Bharat Abhiyan announced in May, the government had barred its departments from issuing global tenders for contracts worth ₹200 crore or less. The General Financial Rules were amended to disallow global tender enquiries in such …
What is Balance of Payments? Balance of Payments (BoP) statistics systematically summaries the economic transactions of an economy with the rest of the World for a specific period. BoP broadly comprises current account, capital account and changes in foreign exchange …
Addressing the Bengaluru Tech Summit 2020 (BTS2020) virtually, the Prime Minister said it is time for tech solutions that are designed in India but deployed for the world, and the country is uniquely positioned to leap ahead in the information …
The Regional Comprehensive Economic Partnership (RCEP) was signed into existence on Sunday by 15 countries led by China, Japan, South Korea, Australia, New Zealand and the 10-state ASEAN grouping, creating one of the world’s largest trading blocs. After seven years …
What’s in the news? A ‘nowcast’ (a forecast that estimates the outcome of a near-term event) in the latest monthly bulletin of the RBI projected that India’s GDP contracted by 8.6% in the July-September quarter of the financial year ending …
Context: While Bangladesh has become the second largest apparel exporter after China, Vietnam’s exports have grown by about 240% in the past eight years. This article explains how the two nations achieved this and what India should learn from them. …
What is VGF? The main constraint in India’s infrastructure sector is the lack of source for finance. More than the overall difficulty of securing funds, some projects may not be financially viable though they are economically justified and necessary. This …