Cryptocurrency And Regulation Of Official Digital Currency Bill, 2021: The Budget session of Parliament is likely to consider this bill, which prohibits all private cryptocurrencies and provides for an official digital currency to be issued by the Reserve Bank of India. The purpose of the law has been described as: to create a facilitative framework […]
Category: Economics Current Affairs
What Is Short Squeeze?
Short Squeeze: There are dozens of ways to pick stocks, but few have been as unconventional — or as successful — as the coordinated short-squeeze being deployed by Reddit’s army of day traders. Now, Wall Street is scanning the matter. A short squeeze is a term used by market participants to refer to a phenomenon […]
Gold Schemes In India: Expected Changes
Gold Schemes In India: The government is planning to bring changes in the existing gold deposit and gold metal loan schemes to gradually stop investors from excessive investment in physical gold. Despite the government’s emphasis on gold monetisation over the last few years, including issuing gold bonds as part of its borrowing programmes, investment in […]
Indian Telegraph Act, 1885: Orders To Suspend Internet In Some Areas In Delhi
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 […]
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 […]
