What is 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. Governments and eligible corporations can raise loans from abroad. Components of external debt …
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 …
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 …
Context India’s exports in April 2020 contracted by 60% year-on-year. The steep decline in world trade lays bare the significance of a more digitised trading environment, with minimal manual touch points. Upgradation, digitisation, automation Globally, digitisation of procedures and lower …
Since 2012, India’s domestic production of Crude oil fell year after year. This led to an increase in imports from 81.8% in 2012 to 87.6% in 2020. It fell by 7.1% in May 2020 compared to May 2019 production. …
About MSF Marginal Standing Facility (MSF) is the rate at which the banks are able to borrow overnight funds from RBI against the approved government securities. The scheme was introduced by RBI with the main aim of reducing volatility in …
About: Pradhan Mantri Mudra Yojana is a scheme launched by the government in 2015 for providing loans up to Rs. 10 lakh to the non-corporate, non-farm small/micro-enterprises. MUDRA (Micro Units Development & Refinance Agency ) Ltd., is a financial institution …
What’s in the news? A recent study released by Acuité Ratings & Research said India can potentially reduce its trade deficit with China by $8.4 billion over FY 21-22, which is equivalent to 17.3% of the deficit with China and …
FDI Routes in India The entry of Foreign Direct Investment (FDI) by non residents into India is regulated through two routes –automatic route and government route. Under the Automatic Route, the foreign investor does not require any approval from the …