economy

  • Power Markets in India: Functioning, Advantages, Road Ahead

    Context: To address peak power demand during an unusually hot summer, the government has allowed the trading of surplus electricity generated from "linkage coal" in the country's power markets. Coal linkages are typically allocated by the government to thermal units...

    Last updated on June 25th, 2024 07:14 pm
  • Global Economic Prospects Report 2024 Key Highlights

    Context The World Bank's Global Economic Prospects report projects global growth to hold steady at 2.6% in 2024, with a slight increase to an average of 2.7% in 2025-26. This growth rate remains below the pre-COVID-19 decade's average of 3.1%....

    Last updated on June 12th, 2024 07:20 pm
  • Foreign Portfolio Investment (FPI), Benefits and Challenges

    Context: Foreign portfolio investors (FPIs) pulled out ₹14,800 crore from equity markets, driven by the outcomes of recent elections and the appealing valuations of Chinese stocks. Foreign Portfolio Investment (FPI) Foreign portfolio investment (FPI): It involves holding securities and other...

    Last updated on June 11th, 2024 11:26 am
  • Relationship Between Bonds and Bond Yield

    Context: Recently, the yield on the 10-year government bond rose sharply by 9 basis points, marking the largest increase in eight months. More In News Concurrently, the Indian Rupee depreciated by 38 paise, closing at 83.53 against the dollar, representing...

    Last updated on June 7th, 2024 01:11 pm
  • Preston Curve, Problems and Controversies

    What Is Preston Curve? The Preston Curve is an empirical cross-sectional relationship between life expectancy and real per capita income. It was first described by Samuel H. Preston in 1975. It suggests that individuals born in richer countries tend to...

    Last updated on June 4th, 2024 06:55 pm
  • Evergreening of Loans, Risk and Mitigation Strategies

    Context: The Reserve Bank of India (RBI) has imposed business restrictions on two Edelweiss group companies, Edelweiss Asset Reconstruction Company (EARC) and ECL Finance Ltd (ECL), due to concerns related to evergreening of loans observed during supervisory examinations. What is...

    Last updated on June 3rd, 2024 03:53 pm
  • Global Unemployment Rate Drop Slightly in 2024: ILO

    Context: The International Labour Organization (ILO) has indicated that the global unemployment rate is projected to decrease marginally from 5.0% in 2023 to 4.9% this year, despite ongoing disparities in labour markets. Highlights of Global Unemployment Regional Insights United States:...

    Last updated on June 1st, 2024 04:47 pm
  • Tackling Inflation in India, Policies, Challenges

    Context The Reserve Bank of India (RBI) has effectively managed consumer price inflation within its mandated range of 4% ± 2%. Strategic use of monetary policy has stabilised prices and protected consumer purchasing power. Ensuring Financial Stability and Surplus Generation...

    Last updated on May 29th, 2024 12:34 pm
  • India’s Reliance on China for Electronic

    Context: In FY24, China regained its status as India's top trading partner, a position it has held six times in the past ten years, primarily due to its high volume of exports to India. India-China Trade Dynamics Trade Imbalance: India's...

    Last updated on May 28th, 2024 07:11 pm
  • Steel Production in India, India Records Positive Growth

    Amidst a backdrop of global economic slowdown, India stands out as a beacon of growth in the steel industry, recording positive growth among the world's top five crude steel producers in April 2024. According to the latest data from the...

    Last updated on May 25th, 2024 04:45 pm