Day September 1, 2020

India’s economic growth

• Data released by the National Statistical Office (NSO) showed GDP in the April-June quarter of 2020-21 slumped 23.9% compared with growth of 3.1% in the previous (January-March) quarter. About: • Among major economies, India’s contraction was the sharpest. China,…

RBI monetary policy

• The Reserve Bank of India (RBI) announced a host of steps, including term repo operations totalling Rs. 1 lakh crore in mid-September to ease pressure on the liquidity with a view to ensuring sustainable recovery of economic growth. Key…

Quantum State Interferography

• Scientists from Raman Research Institute (RRI), an autonomous institute under the Department of Science and Technology, have found a new way of inferring the state of a system (both two-dimensional qubits as well as higher-dimensional “qubits”) from an interference…

[Editorial Analysis] Demand and supply

Mains Paper 3: Economy Prelims level: Non-performing assets Mains level: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Context: • RBI Governor has warned banks against becoming “overly risk-averse”, which will be “self-defeating”. •…