[The link to the Chapter can be found here] The Economic Survey 2021 was released on 30th January 2021. The ‘Economic Survey’ is a summary of the ‘annual economic development in the country throughout the year,’ released before the Union Budget. It is drafted by a team led by the Chief Economic Advisor (CEA) of the country. At present, this …
Economic Survey 2021 on De-Regulation and ‘Process Reforms’ Read More »
[The link to the Chapter can be found here] The Economic Survey 2021 was released on 30th January 2021. The ‘Economic Survey’ is basically a summary of the ‘annual economic development in the country throughout the year,’ released before the Union Budget. It is drafted by a team led by the Chief Economic Advisor (CEA) …
The Economic Survey 2021 on Growth, Inequality, and Poverty Read More »
The Union Budget of 2021-22 pegged India’s revised fiscal deficit target for the current financial year 2020-21 at 9.5% of GDP. It is much higher than the earlier estimate of 3.5 %. In absolute terms, the fiscal deficit is more than Rs.18 lakh crore. [The government has fixed the target to spend Rs 11.7 lakh …
The share price of GameStop has soared by around 8000 % in 6 months. GameStop is a video game retailer with 5000 physical stores across the United States. It has been struggling for years as people have moved online to buy games. Therefore, large institutional investors like hedge funds have been betting against it. Even …
The GameStop saga- Explainer on what’s happening in the stock market Read More »
On January 16th, 2021, Prime Minister Narendra Modi launched the world’s biggest COVID-19 vaccination drive. The government plans to inoculate three crore health officials and frontline workers in the first phase of the rollout, following which people aged above 50 years and those with co-morbidities will be identified and vaccinated. By August 2021, the government …
India’s COVID Vaccine Rollout and Vaccine ‘Maitri’ – All You Need to Know Read More »
A bad bank is a bank set up to buy bad assets of banks and financial institutions. The purpose of setting up a bad bank is to clean up the balance sheets of (good) banks so that they can focus on lending. The bad bank buys non-performing assets/ NPA (bad assets) from banks at low …
What is a Bad Bank in the Indian context?- Explained Read More »
The Government had announced Production Linked Initiative schemes for two sectors namely electronics and pharmaceuticals to attract investments and promote domestic manufacturing. These sectors were identified because of India’s core competency in these segments and their potential for growth and exports. [You may also read: Impact of COVID on pharmaceutical in India] The Government has …
What is the production linked incentive scheme (PLI) for electronics?- Explained Read More »