• The Centre has decided to retain the inflation target of 4%, with a tolerance band of +/- 2 percentage points for the Monetary Policy Committee (MPC). About: • RBI in its report had stressed that the current numerical framework…
• Proposal is for issuance of $ 500 billion to increase the IMF’s reserve assets, known as special drawing rights (SDR), with the aim to help poor nations devastated by COVID-19 pandemic. About: • Special Drawing Rights (SDR) is an…
• Privately-owned power gencos have requested the Centre to provide relaxations on duties and provide incentives for exporting electricity to neighbouring countries. • Currently, India exports 1,200 Mw to Bangladesh, 450 Mw to Nepal and 3 Mw to Myanmar and…
• Policy document outlines the vision and strategy to utilize oceanic resources available in country. • It aims to enhance contribution of the blue economy to India’s GDP, improve lives of coastal communities, preserve marine biodiversity and maintain national security…
• Committee highlighted key issues faced by power distribution companies (Discoms): high-cost structure, insufficient and irregular revenue stream, high operational losses, and unsustainable levels of overdue and debt. • Average Aggregate Technical and Commercial Loss (AT&C) losses are currently at…
• Green tax is also called as pollution tax or environmental tax and is the tax levied on all the goods that cause environmental pollution. Key proposals: • Transport vehicles older than 8 years could be charged Green Tax at…
• Terminal will be developed with 51% ownership by Sri Lanka’s government and the remaining 49% as an investment by Adani Group and other stakeholders including Japan. It was put on hold due to trade union resistance. Significance of the…
• The Reserve Bank of India (RBI) has set up an academic advisory council with former deputy governor N S Vishwanathan as the chairperson to advise the full-time director of the central bank’s College of Supervisors (CoS). About: • As…
• Indian tech start-up base continues to expand steadily at 8-10% year-on-year growth and 2020 saw a record number of 12 new unicorns-highest ever added in a single calendar year. • A unicorn is a startup that reached a valuation…
• Public stock holding (PSH) programmes are used to purchase, stockpile and distribute food to people in need. About: • While food security is a legitimate policy objective, some PSH programmes are considered to distort trade when they involve purchases…
• Trade Policy Review involves a comprehensive peer-review of the Member’s national trade policies to facilitate the smooth functioning of the multilateral trading system by enhancing the transparency of Members’ trade policies. • India’s last TPR took place in 2015.…
• Gas based economy implies gas would pay major role in energy basket of India. Also, PM stated that work is being done on ‘One Nation, One Gas Grid’ project. • Government aims to increase natural gas share in India’s…
