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White goods are large home appliances and electrical goods for the house which were traditionally available only in white. Example - Stoves, Refrigerators, Freezers, Washing machines, Tumble driers, Dishwashers, Air conditioners, LED lights, Water heaters, Microwave ovens, Induction cookers. It also refer to white fabrics, especially linen or cotton that are historically used to be made of white cloth. In the beverage industry, white goods are colorless spirits, such as vodka or gin.
10 November, 2023
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According to a new study, active equity funds witnessed higher net inflows than passive equity funds in the Q2 of FY24. Equity fund – It is a mutual fund that invests principally in stocks and thus called as stock funds which generally carry a high risk for long-term investments but can yield substantial returns over time. These are categorized into small, mid, and large-cap based on the size of the company. A mutual fund collects money from investors and invests the money, on their behalf, in securities (debt, equity or both). Active Equity Funds Passive Equity Funds Fund Manager’s Role in stock selection Active Passive Expense ratios Higher Lower…
10 November, 2023
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RAISINA SECURITY DIALOGUE Before the Raisina Dialogue and in the shadows of the G-20 Foreign Ministers' Meeting, India secretly hosted the second Raisina Security Dialogue, a gathering of top intelligence and security professionals from over 26 nations. The meeting was first convened in April 2022, the day before the Raisina Dialogue began. The National Security Advisor and the Prime Minister of India spoke about it. About The Research and Analysis Wing (R&AW), the National External Intelligence Agency, and the National Security Council Secretariat (NSCS), which is under Mr. Doval's direction, are in charge of organising the security conference. A day before the…
14 March, 2023
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India-Israel Relations The President of Israel recently attended a cultural event at the Israel Museum to mark the opening of a new exhibition titled 'Body of Faith: Sculpture from the National Museum of India.' Israel's Relationship with India: Key Highlights This exhibition, which translates as "spirit within matter" in Hebrew, is yet another result of the Indian and Israeli nations' growing friendship, as well as a reflection of the deep resonance of arts and culture that our two countries share. The Israeli President made a rare appearance here at an exhibition of Indian deities and temple rituals. India and Israel…
08 December, 2022
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India-GCC Free Trade Agreement (FTA) India and member countries of the Gulf Cooperation Council (GCC) are expected to begin negotiations for a free trade agreement next month in order to strengthen economic ties between the two regions. In May of this year, India implemented a free trade agreement with the UAE. This one's terms and conditions are also being finalized. About the Gulf Cooperation Council (GCC) The Gulf Cooperation Council (GCC) is a grouping of six Gulf countries: Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain. It was founded in 1981 by an agreement signed by Bahrain,…
01 November, 2022
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World Habitat Day World Habitat Day will be observed annually on the first Monday in October (3 October 2022) to raise awareness of the condition of our habitats and the fundamental right of everyone to sufficient shelter. At Vigyan Bhawan, the Ministry of Housing and Urban Affairs (MoHUA) observed World Habitat Day 2022. About World Habitat Day The Day's goal is to raise awareness of the fact that we all have the ability and obligation to influence the future of our communities and towns. The goal of World Habitat Day 2022 is to raise awareness of the growing vulnerabilities and…
03 October, 2022
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India and Mexico Relations On the occasion of Mexico's National Day (16 September), India sent its best wishes and greetings to all Mexican citizens and remembered the 72 years since diplomatic relations were established. Image Source - the wire Historical Ties: India and Mexico have historical ties due to their colonial status. In 1950, Mexico became the first nation in Latin America to recognise India after its independence and to establish diplomatic ties with it. The 1960s Green Revolution in India was built on Mexican wheat types used in Indo-Mexican hybrids. Mexico and India maintained a close working relationship during…
16 September, 2022
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Abhijeet Sen Abhijit Sen, a well-known economist and former member of the Planning commission, just passed away. About Abhijeet Sen He served as a previous member of the Indian Planning Commission and was a well-known agricultural economist (from 2004 to 2014, PC disbanded in 2014). Prior to joining the Centre for Economic Studies and Planning at Jawaharlal Nehru University in 1985, he taught economics at Sussex, Oxford, Cambridge, and Essex. Principal Contributions: He was given the responsibility of recommending support prices for agricultural commodities when he was made head of the Commission on Agricultural Cost and Prices (CACP) in 1997.…
01 September, 2022
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Exercise VAJRA PRAHAR 2022 The 13th edition of the joint US-Indian exercise Vajra Prahar 2022 was just completed at Bakloh (Himachal Pradesh). image Source - Current Affairs Adda 247 Key Highlights The United States and Special Forces India alternate hosting the annual exercise. The military forces of a nation's special forces are responsible for conducting clandestine, anti-terrorist, and other specialized missions. Aim: The 21-day cooperative training gave the Special Forces from both countries the chance to train in joint conditions in accordance with the United Nations Charter for Airborne Missions, Special Operations, and Counter-Terrorism operations. A 48-hour validation period followed…
30 August, 2022
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Kisan Suryodaya Yojana: Gujarat It aimed at providing daytime electricity to farmers in Gujarat for irrigation and farming purposes. Rs. 3,500 crores will be spent over the next three years for providing solar power to farmers for irrigation during the daytime (5 AM to 9 PM). 10 districts including Dahod, Gir-Somnath and Tapi have been selected under the Scheme for 2020-21. The remaining districts will be covered in a phase-wise manner by 2022-23.
25 October, 2020
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Indira Rasoi Yojana: Rajasthan Aim: To provide nutritious food to the poor and needy twice a day at concessional rates. Under the scheme, each plate serves 100 grams of pulses and vegetables each, and 250 grams of chapati and pickles. It aligns with World Food Day’s 2020 theme to grow, nourish and sustain together. Implementation: The local voluntary organisations have been roped in for establishing the centres near the places such as bus stands, railway stations and hospitals for successful implementation of the scheme.
25 October, 2020
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US sues Google in biggest anti-trust case: What it means for India ? Context The United States Department of Justice (DoJ) sued Google on Tuesday, alleging that the company had abused its dominant position in a way that had harmed its competitors as well as customers. Eleven US states have joined the DoJ in the anti-trust lawsuit against Google “for unlawfully maintaining a monopoly in general search services and search advertising”. What is the lawsuit about? The main concerns are business practices that may have led to “massive concentrations of economic power” in a few companies such as Google. The…
22 October, 2020
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RBI study on digital payments Syllabus subtopic: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Prelims and Mains focus: about the RBI study and its key findings News: A Reserve Bank of India (RBI) study on the progress of digitisation from cash to electronic was recently released. Key findings of the study Cash still rules, but it is increasingly seen as a way to store value as an economic asset rather than to make payments. Although cash is deeply embedded in the payment systems in India, planned efforts post-demonetisation have shown a…
25 February, 2020
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Operation Control Centre for goods trains Syllabus subtopic: Infrastructure: Energy, Ports, Roads, Airports, Railways etc. Prelims and Mains focus: on DFCs and their significance; about DFCCIL News: The world’s second-biggest Operation Control Centre for goods trains, built in India by the Dedicated Freight Corridor Corporation of India (DFCCIL) is ready to begin operations. About the centre The centre, built at Prayagraj in Uttar Pradesh, will be the ‘nerve-centre’ of the over 1,800 km-long eastern dedicated freight corridor. The control centre has a theater which measures 1560 sq m, with a video wall of more than 90 m and…
21 February, 2020
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5th India Russia military industry conference Syllabus subtopic: Bilateral, Regional and Global Groupings and Agreements involving India and/or affecting India’s interests. Prelims and Mains focus: about the event: MoUs signed and their significance; about India-Russia ties News: In a step forward towards addressing the issue of regular spares and support for Russian military equipment with the armed forces, 14 MoUs were signed between Indian and Russian companies for setting up joint ventures covering a range of equipment from modern T-90 tanks to legacy Pechora air defence systems. About the event The MoUs were signed during the 5th India Russia…
17 February, 2020
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Uptick in GST collections doesn’t suggest the economy is firing up Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Prelims and Mains focus: About the decisions made in GST Council regarding Input Tax Credit (ITC); trends in GST collections and its impact on fiscal deficit and the overall Indian economy News: Goods and services tax (GST) collections in December accelerated to cross the Rs. 1 trillion mark for the second consecutive month, up 8.9% year-on-year. This should normally suggest green shoots. However, changed GST Council norms for claiming input credit may have contributed…
06 January, 2020
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India faces a year of tough trade talks Syllabus subtopic: Bilateral, regional and global groupings and agreements involving India and/or affecting India's interests Prelims and Mains focus: about the challenges India will be facing in negotiating trade deals this year; about RCEP, CECA, BTIA, GSP: their significance News: After walking out of negotiations on the 16nation Regional Comprehensive Economic Partnership (RCEP) free trade agreement, the government said it would renegotiate its existing free trade agreements (FTA) and redouble its efforts to conclude other trade negotiations. The task is likely to swamp negotiators of both the Commerce and Industries and External…
06 January, 2020
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Fears of surge in oil price, Govt looks outside Gulf Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Prelims and Mains focus: Escalating tensions in West Asia and its impact on Indian economy News: As oil prices surged after the killing of Iranian commander, General Qassem Soleimani, in a US drone strike in Baghdad, senior officials of the Finance Ministry and the Ministry of Petroleum and Natural Gas held a high-level meeting Friday to assess the impact and review contingency measures. Why? There’s a possibility of a disruption to oil supplies…
04 January, 2020
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The free trade agreement with Mauritius near finalization Syllabus subtopic: Bilateral, regional and global groupings and agreements involving India and/or affecting India's interests Prelims and Mains focus: on the proposed India-Mauritius FTA and its significance; India-Mauritius economic relations News: India is close to finalising a proposed free trade agreement (FTA) with Mauritius, with several rounds of negotiations to improve market access between the two countries having been completed, the Ministry of Commerce and Industry said on Wednesday. Background Seven rounds of India-Mauritius CECPA negotiations have been held till now. During these rounds, negotiations focussed on various aspects including trade…
02 January, 2020
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FM unveils Rs.102 tn infra push to reignite growth Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Prelims and Mains focus: on the government’s move to boost infrastructure investments and the role of NIP; Greenfield and brownfield projects News: Finance minister Nirmala Sitharaman on Tuesday unveiled a plan to invest ? 102 trillion over five years to develop social and economic infrastructure to boost India’s sagging growth. How the projects will get implemented and the role of NIP The projects will be implemented under the National Infrastructure Pipeline (NIP) mechanism. The…
01 January, 2020
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Russia deploys hypersonic nuclear missile Syllabus subtopic: Effect of policies and politics of developed and developing countries on India's interests, Indian diaspora. Prelims and Mains focus: About Avangard and its significance; tensions in US-Russia relations News: Russia has deployed its first hypersonic nuclear-capable missiles, called Avangard, with Vladimir Putin boasting that it puts his country in a class of its own. Background: Russian President Putin unveiled the Avangard and other prospective weapons systems in his state-of-the-nation address in March 2018, saying its ability to make sharp manoeuvres on its way to a target would render missile defense useless. “It…
28 December, 2019
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Land area requirements norms for SEZs relaxed Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Prelims and Mains focus: on the recent amendment and its objective; on SEZs and its significance in boosting India’s economy News: The Ministry of Commerce and Industry on Friday amended the existing legal framework for special economic zones (SEZ) in India, in a move expected to make it easier to attract investments and boost exports. About the amendment The amendments simplify and relax the minimum land area required to set up an SEZ and their categorization.…
21 December, 2019
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indo-Russian military exercise concludes Syllabus subtopic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests. Science and Technology- developments and their applications and effects in everyday life Achievements of Indians in science & technology; indigenization of technology and developing new technology. Prelims and Mains focus: about INDRA exercise and its significance in building Indo-Russia defence ties; AKASH missile and LCA Tejas News: The air force component of ‘Ex INDRA 19’ (AVIAINDIRA’19), a joint exercise between India and Russia, successfully concluded on Thursday at the Air Force Station in Lohegaon in Pune. Details about…
20 December, 2019
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India faces a diplomatic challenge Syllabus subtopic: Effect of policies and politics of developed and developing countries on India's interests, Indian diaspora. Prelims and Mains focus: about USCRIF 2019 report, citizenship amendment bill 2019, diplomatic challenges faced by India regarding the passage of CAB News: In the wake of a statement from United States Congress members on the Citizenship Amendment Bill (CAB), the Union government has spoken to lawmakers across parties in Washington, the External Affairs Ministry said. Context: New Delhi is grappling with the diplomatic and logistical fallout of the Bill on relations with Bangladesh and Afghanistan and…
13 December, 2019
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GST rate rationalisation should lead to gain in revenue, not inconvenience people: States Syllabus subtopic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation Prelims focus: about GST, GST Council Mains Focus: About various challenges in implementing GSt, Concerns raised by the states and govt’s efforts to address them. News: As talks of a hike in goods and services tax (GST) rates gain momentum, there is a sense of disquiet among states regarding any major tinkering of the slabs, especially the lower tax slab and exempted items. The Council meeting…
12 December, 2019
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Slowdown in tax collection to hurt finances of govt Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. News: The gross tax revenue collected by the central government during the first seven months of 2019-20 was? 10.52 trillion, up by just 1.22% from the tax collected during the same period in 2018-19. Taxing times The Centre, which collected? 10.52 trillion in the first seven months of FY20, is likely to fall short of its target of? 24.61 trillion is set for this fiscal. How will a lower tax revenue affect govt?…
09 December, 2019
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Fiscal double whammy is putting India’s economy in a tight spot Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. News: The government is facing a double whammy. The sharp deceleration in economic growth in nominal terms has shredded its fiscal math, and at the same time, the Centre cannot excuse itself from more spending. Prelims and Mains focus: on the recent economic slowdown, its implications and ways to address them. Background Gross domestic product (GDP) grew by 7% in nominal terms for the first half of FY20 and economists are worried…
05 December, 2019
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At 17.5 million, Indian diaspora largest in the world: UN report Syllabus subtopic: Effect of policies and politics of developed and developing countries on India's interests, Indian diaspora. News: India was the leading country of origin of international migrants in 2019 with a 17.5 million strong diaspora, according to new estimates released by the United Nations, which said the number of migrants globally reached an estimated 272 million. Prelims and Mains focus: on the key findings of the report and its significance, issues related to migration, causes and its impact on the world UN body publishing the report:…
29 November, 2019
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Last nail in the Investment coffin Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. News: The last remaining engine of India’s capital expenditure cycle, state government capex, is losing steam and could slow down further as state finances come under increasing strain, posing a risk to a capex revival in the country. Prelims and Mains focus: about capital expenditure; the recent economic slowdown and its impact on various sectors of Indian economy Background: Over the past two decades, state governments have led public investments in India. As private investments dried up…
26 November, 2019
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GDP slump will hit $5 trillion target, warns NITI Aayog Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. News: The road to a $5 trillion economy by 2025 is beset with many speedbreakers, the NITI Aayog has warned the government. Prelims and Mains focus: about the recent economic slowdown and its implications on India’s roadmap for $5 trillion economy by 2025 Background: Finance Minister Nirmala Sitharaman, in her July 5 Budget presentation, had said the government would work to make India a $5 trillion economy by 2025. Reasons given by NITI…
23 November, 2019
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15th Finance Commission seeks say in GST Council amid Centre-states row Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. News: Fifteenth Finance Commission (FFC) chairman N.K. Singh on Friday sought a leverage with the Goods and Services Tax (GST) Council, arguing that tax rate cuts and grant of exemptions decided solely by the council affect the FFC’s goal of optimizing revenue targets of the Centre and states. Prelims and Mains focus: on the Centre-states tussle related to GST and the role of the Finance Commission Context: The Centre and state governments…
23 November, 2019
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India climbs the EM League tables Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. News: Buoyed by an improvement in financial sector indicators, India rose several notches to the second position among large emerging markets in October Prelims and mains focus: a current slowdown in the Indian economy, its impact on various sectors and overall GDP Context: Reversing months of under-performance, India rose several notches to finish second among key emerging markets (EM) in October, improving its relative attractiveness vis-a-vis other markets. Only the Philippines ranked ahead of India last month, the data…
21 November, 2019
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IMD World Talent Ranking- 2019 Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. News: The 2019 World Talent Ranking was released. Prelims focus: About the rankings Mains focus: Issues and concerns highlighted by the report. About the rankings: It is released by the International Institute for Management Development (IMD). IMD is a business education school based in Switzerland. The ranking is based on the performance in three main categories — investment and development, appeal and readiness. Performance of countries: The top of the table is still led by European small and mid-size economies. These…
19 November, 2019
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Quad Group Syllabus subtopic: India and its neighbourhood- relations. News: Quad countries recently reviewed the situation in Indo- The pacific region. The participants also supported an ASEAN-led mechanism for the regional architecture for the region. Prelims focus Members of the Quad grouping, countries in the Indian Ocean region, Chinese military bases. Mains focus: The Quad grouping- features, significance, concerns and potential. Background: The 10- nation Association of Southeast Asian Nations (ASEAN) is considered one of the most influential groupings in the region and India and several other countries including the US, China, Japan and Australia are its dialogue partners. About Quad The…
09 November, 2019
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Iran Nuclear Deal (JCPOA) Syllabus subtopic: Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora. News: Iran has taken further steps away from its crumbling nuclear deal with world powers by announcing it is doubling the number of its advanced centrifuges, calling the move a direct result of the United States’ withdrawal from the agreement last year. Prelims focus: Joint Comprehensive Plan of Action (JCPOA) – objectives Mains focus: US withdrawal from the deal, global implications and the need of the hour. Iran’s objective By doing so, Iran is trying to increase the pressure on…
06 November, 2019
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GS-IIII: A tax policy that could work. Indian government desperate to raise more tax revenues. It missed its tax targets last fiscal year, (poor goods and services tax (GST) collections). Its declared budgetary target for the current year requires tax receipts to increase by around 25%, when the first quarter increase was only 6%. MNCs Tax Evasion: MNCs manage to avoid taxation in most countries, by shifting their declared costs and revenues through transfer pricing across subsidiaries, practices described as “base erosion and profit shifting” (BEPS). Digital companies, some of the largest of which make billions of dollars in profits…
14 October, 2019
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GS-III: A lodestar to steer the economy. News There is a anxiety all over about the economic slowdown in the country. While the government is still in denial mode data flowing uninterrupted that sector is starting at a seriously challenging situation. Data: Private consumption has contracted and is at an 18-quarter low of 3.1% Rural consumption is in a deep southward dive and is double the rate of the urban slowdown Credit off-take by micro and small industries remains stagnant; Net exports have shown little or no growth; GDP growth is at a six-year low with the first quarter of…
14 October, 2019
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GS-III: Going down together. News The world must heed the IMF warning that everyone loses in a trade war. The IMF has some words of advice for global leaders on how to resuscitate the faltering global economy. Going down together: IMF new Managing Director Kristalina Georgevia singled out India along with Brazil as witnessing a pronounced growth slowdown as global growth experiences a synchronized downswing. The IMF expect growth to slowdown in nearly 90% of the world this year in contrast to two years ago when nearly 75% of the world witnessed accelerated growth. In fact global growth is expected…
11 October, 2019
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GS-II: Sea route from Chennai to Vladivostok News During PM’s visit to Vladivostok this week, an MoI was signed to open a full-fledged maritime route between Russia’s eastern port city and Chennai on India’s eastern seaboard. Vladivostok In Russian, Vladivostok is ‘Ruler of the East’. Located on the Golden Horn Bay north of North Korea and a short distance from Russia’s border with China, it is the largest port on Russia’s Pacific coast, and home to the Pacific Fleet of the Russian Navy. It is the eastern railhead of the legendary Trans Siberian Railway, which connects the far east of…
07 September, 2019
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GS-III: Negative rate policy Context A negative rate policy once considered only for economies with chronically low inflation such as Europe and Japan is becoming a more attractive option for some other central banks to counter unwelcome rises in their currencies. Why have some central banks adopted negative rates? To battle the global financial crisis triggered by the collapse of Lehman Brothers in 2008, many central banks cut interest rates near zero. A decade later, interest rates remain low in most countries due to subdued economic growth. With little room to cut rates further, some major central banks have resorted to…
19 August, 2019
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GS-III: India’s economic mobility and its impact on inequality Context There has been a phenomenal rise in economic inequality in India. It is important to measure the extent of economic mobility in India, which reflects the number of people moving up and down the economic ladder over time. Facts A 2018 Oxfam study reports a significant increase in the consumption Gini index in both rural and urban areas from 1993-94 to 2011-12. According to the Global Wealth Report (GWR) 2017 by the Credit Suisse Research Institute, between 2002 and 2012, the share of the bottom 50% of the population in total wealth…
13 August, 2019
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