Indian Telegraph Act, 1885 Following violent protests, the Union Home Ministry has issued orders to suspend Internet in some areas in Delhi under the Temporary Suspension of Telecom Services (Public Emergency or Public Safety Rules 2017) of the Indian Telegraph Act, 1885. The order under this act had been issued only twice before — in […]
Category: Economics Current Affairs
COPRA Got Approval For The Minimum Support Price (MSP)
COPRA: The Cabinet Committee on Economic Affairs has given its approval for the Minimum Support Price (MSP) of copra for the 2021 season. Copra is the dried meat or kernel of the coconut, which is the fruit of the coconut palm (Cocos nucifera). Coconut oil is extracted from copra, making it an important agricultural commodity […]
What Is Non-Price Competition?
Non-Price Competition: Non-price competition refers to competition between companies that focuses on benefits, extra services, good workmanship, product quality – plus all other features and measures that do not involve altering prices. It contrasts with price competition, in which rivals try to gain market share by reducing their prices. Non-price competition is often adopted by […]
What Is Off-Budget Borrowing?
Off-Budget Borrowing: One of the most sought after details in any Union Budget is the level of fiscal deficit. As such, it is keenly watched by rating agencies — both inside and outside the country. That is why most governments want to restrict their fiscal deficit to a respectable number. One of the ways to […]
World Economic Outlook Report 2021: Keypoints
World Economic Outlook: IMF The latest World Economic Outlook of the International Monetary Fund (IMF) has estimated that India’s Gross Domestic Product (GDP) will grow by 11.5% in the Financial Year (FY) 2021-22. India Specific Projections: FY 2020-21: For the current fiscal, the IMF had forecast a record 10.3% contraction. FY 2021-22: For the next […]
Inequality Virus Report by Oxfam International – Keypoints
Inequality Virus Report by Oxfam International: The Inequality Virus Report, released by Oxfam International, has found that the Covid pandemic deeply increased the existing inequalities in India and around the world. The report states that Covid has the potential to increase economic inequality in almost every country at once – the first time this has […]
What are Green Bonds? Recent Development
Green Bonds: As per a recent study by the Reserve Bank of India (RBI), the cost of issuing green bonds has generally remained higher than other bonds in India, largely due to asymmetric information. Green Bonds: A green bond is a debt instrument with which capital is being raised to fund ‘green’ projects, which typically […]
Company Law Committee Recommendation on Limited Liability Partnership (LLP)
Limited Liability Partnership (LLP): The Company Law Committee (CLC) has recommended that 12 offences under the Limited Liability Partnership (LLP) Act 2008 be decriminalised and that LLPs be allowed to issue Non-Convertible Debentures (NCDs) to raise funds with the aim of improving ease of doing business for LLP firms. The Company Law Committee (CLC) was […]
PLI Scheme: For Drug Intermediates and APIs
PLI Scheme: Approval accorded under PLI Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs). Indian pharmaceutical industry: It is the 3rd largest in the world by volume. It has high market presence in several advanced economies such as the US and EU. The industry […]
4-Tier Structure for Regulation of NBFCs – Proposal by RBI
4-Tier Structure for Regulation of NBFCs: The Reserve Bank of India (RBI) has proposed a tighter regulatory framework for Non-Banking Financial Companies (NBFCs) by creating a four-tier structure with a progressive increase in the intensity of regulation. It has also proposed the classification of Non-Performing Assets (NPAs) of base layer NBFCs from 180 days to […]
