Increasing Coal Demand: The demand for coal in the country is expected to be in the range of 1.3-1.5 billion tonnes by 2030, according to Economic Survey 2021-2022, despite the push for renewable energy. This is an increase of 63% from the current (2019-2020) demand of 955.26 million tonnes. Iron and steel production uses […]
Category: Economics Current Affairs
EXIM Bank
EXIM Bank: EXIM Bank has extended a line of credit (LOC) of USD 500 million to Sri Lanka for financing the purchase of petroleum products. EXIM Bank Established under Export-Import Bank of India Act (1981). It is a wholly owned Govt. of India entity. It extends LOCS to overseas financial institutions, regional development banks, […]
Emergency Credit Line Guarantee Scheme (ECLGS)
Emergency Credit Line Guarantee Scheme (ECLGS): The Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to cover the next fiscal as well, with expanded guarantee cover of Rs 5 lakh crore, Finance Minister Nirmala Sitharaman said in her budget presentation. An additional guarantee amount of Rs 50,000 crore has been announced for the […]
Draft National Higher Educational Qualification Framework (NHEQF): UGC
Draft National Higher Educational Qualification Framework (NHEQF): UGC The University Grants Commission (UGC) has released a Draft National Higher Educational Qualification Framework (NHEQF) as a part of the National Education Policy (NEP) 2020 to assess students at different levels. The NEP 2020 aims at making “India a global knowledge superpower”. Given the size of the […]
Digital Rupee: Union Budget 2022 Updates
Digital Rupee: Union Budget Finance Minister Nirmala Sitharaman has announced the launch of the Digital Rupee — a central bank digital currency (CBDC) — 2022-23 onwards. The Reserve Bank of India will launch the CBDC from the upcoming financial year. A Central Bank Digital Currency (CBDC), or national digital currency, is simply the […]
What is Reverse Repo Normalisation?
Reverse Repo Normalisation In India: In a recent report, State Bank of India has stated that it believes the stage is set for a Reverse Repo Normalisation in India. The Repurchase agreement (Repo) and the Reverse repo agreement are two key tools used by the Reserve Bank of India (RBI) to control the money supply. […]
Union Budget 2022: Highlights
Union Budget 2022 Highlights: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2022 on February 1. She said that the Budget proposals for this financial year rest on health and well-being, infrastructure, inclusive development, energy transition and climate action, financing of investments and ‘Minimum Government, Maximum Governance’. India’s economic growth estimated at 9.2% to […]
Economic Survey 2021-22 : Highlights
Economic Survey 2021-22: Highlights The Economic Survey 2021-22 was tabled in Parliament by the Finance Minister soon after the President’s address to both Houses of Parliament. The central theme of this year’s Economic Survey is the “Agile approach”, implemented through India’s economic response to the COVID-19 Pandemic shock. The preface of Economic Survey states that […]
SilverLine Project: Kerala
SilverLine : Kerala Despite the protests taking place across Kerala against SilverLine, the CPI(M)-led government remains firm on implementing the project. SilverLine is a semi high-speed railway project connecting the state’s northern and southern ends at a cost of over Rs 63,000 crore. The proposed 529.45-km line will link Thiruvananthapuram in the south to Kasaragod […]
Budget Session 2022
Budget: The Budget Session of Parliament has begun and is scheduled to conclude on April 8. First, President Ram Nath Kovind will address both Houses in the Central Hall. The Economic Survey 2021-22 will be laid by Finance Minister Nirmala Sitaraman in Lok Sabha on January 31. The Budget will be presented by her on […]
