Economics: Point-Wise Current-Affairs/GS Articles 2020 (Including PIB)- Download PDF

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  • May 13, 2020
  • 1 NAVARMS-19 and Rohne and Rabodih Coal Mines [ Economy, Defense ]

    The fourth edition of International Seminar cum Exhibition on Naval Weapon Systems ‘NAVARMS-19. Theme “Make in India – Fight Category: Opportunities and Imperatives”.

    Key Points

    • Providing opportunity for exchange of ideas.

    • Create awareness and identify emerging prospects for In

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  • 2 24 Hours Availability of NEFT Transactions [ Economy ]

    The RBI operationalized round-the-clock (24 X 7 basis) availability of the National Electronic Fund Transfer (NEFT). Banks not to levy any charges on NEFT transfer from savings bank account holders. NEFT system, which was first introduced in the late 1990s as the Electronic Fund

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  • May 12, 2020
  • 1 Robotic Surgery Facility and Ring Timings for Mobiles, Landlines Fixed by TRAI [ Science/Technology, Economy ]

    Dedicated to the country by the Union Minister of Health. Safdarjung Hospital (SJH) - First Central Government hospital to start this facility for poor patients for free.

    Key Points

    • Advantage of providing minimally invasive surgery.

    • Reduces significantly the morbidity and morta

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  • May 8, 2020
  • 1 CBI Books Frost International Limited in Bank Fraud Case [ Economy ]

    Mumbai based Frost International Limited. A Merchant trading company has been booked by Central Bureau of Investigation for allegedly defrauding a consortium of 14 banks led by Bank of India of Rs. 3,592.48 crore. Company’s directors along with 11 others have also been booked by

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  • May 5, 2020
  • 1 Adulteration in Milk [ Economy, Health ]

    A food is considered adulterated if a harmful substance is added to it or a nutritious substance is removed from it. Recently FSSAI released the first-of-its-kind National milk sample safety quality survey report to assess the level of adulteration in milk.

    • This comprehensive su

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  • Apr 24, 2020
  • 1 Israel’s Nation State Law and Qatar’s OPEC Exit [ Economy, Health ]

    Israel’s Nation State Law

    “National State Law” has been piloted by Israel’s right-wing government. An attempt to legitimise the prevalent apartheid against Arabs. To undermine any peace process with Palestine. As per the law Israel is the historic homeland of the Jewish people wi

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  • 2 Arab Spring 2.0 [ Science/Technology, Economy ]

    Recent protests in Algeria and Sudan. Protesters and militaries are at a stand-off. A possibility that protests could move to other Arab countries as well.

    Arab Spring

    • Refers to a series of uprisings in the countries of the Arab region in 2011.

    • Protests in Tunisia in late 2010.

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  • Apr 8, 2020
  • 1 Pangolins: Eating Habits, Species, Indian Pangolin, Conservation Issue, Protection Status [ Economy, Health ]

    Pangolins

    • It is the only mammal fully covered in scales.

    • Large overlapping scales on its body acting as armour.

    • Its scientific name is Pholidota and belongs to Manidae family.

    • Under threat a pangolin will immediately curl into a tight ball and will use their sharp-scaled tails

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  • 2 Gurjar Bakarwals: Introduction, Occupation, Kinship Groups, Locations, Tribes, Languages, Economy [ Economy ]

    Gurjar Bakarwals

    • Mostly-Sunni Muslim.

    • The word Gurjar is derived from the term gaucharana which means to graze cows.

    • Based in the Pir Panjal and Himalayan mountains of South Asia.

    • Mainly goatherds and shepherds.

    • They have remained marginal forces in Kashmir Politics.

    • They ha

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  • Feb 7, 2020
  • 1 Union Budget for 2020-21 [ Policy/Governance, Economy, Health, Appointments, Committees/Govt. Bodies ]

    Fy21 Estimates: Fiscal deficit seen at 3.5 % of GDP. Net market borrowing pegged at 5.36 trln rupees. Gross market borrowing at 7.8 trln rupees. Pegs nominal GDP growth at 10%. Receipts seen at 22.46 trln rupees. Total spending seen at 30.42 trln rupees. ETNow: Pegs divestment t

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  • Feb 4, 2020
  • 1 The Decline of Coal Supply in India [ Economy ]

    There has been a decline of coal supply by the Coal India around 8.9 % in April-November 2019. It supplied 320 million tonnes of coal in April-November 2019. In November itself, there has been a decline in the coal to 9.9%, which is 38.8 million tonnes, the previous month it was

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  • Jan 9, 2020
  • 1 Harmonized System Code to India’s Khadi [ Economy, Govt. Schemes/Projects ]

    India’s Khadi has been allocated a separate harmonized system Code by the Ministry of Commerce and Industry. Harmonized system is a six-digit identification code being developed by the World Customs Organization (WCO). This code is also referred to as the Universal Economic Langu

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  • Jan 5, 2020
  • 1 Purchasing Managers Index (PMI) indicator of economic health [ Education, Economy, Health ]

    Purchasing Managers Index (PMI) is an indicator of economic health, business momentum in the industrial sector of an economy. PMI reflects the investor’s sentiments about the manufacturing sector. PMI is published separately for the manufacturing and services sectors but more imp

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  • Dec 10, 2019
  • 1 The Consumer Price Index (CPI) and Wholesale Price Index (WPI) [ Economy ]

    Retail inflation (CPI) has been increased to 4.62 % which is 16-month high and above the targeted rate of inflation. Increase in Consumer Price Index (CPI) is due to food inflation which has increased to 6.93%. This increase of inflation is higher since 2016. Recently there has b

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  • Oct 14, 2019
  • 1 Six New Measures to Boost Export [ Policy/Governance, Economy ]

    To replace the existing merchandise exports from India scheme (MEIS), the Union Finance Minister of India recently announced the remission of duties for export products (RoDTEP). The revenue would be Rs. 50,000 crore for implementation of RoDTEP.

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  • Sep 20, 2019
  • 1 Sabka Vishwas-Legacy Dispute Resolution Scheme 2019 [ Policy/Governance, Economy ]

    The Union Finance Minister of India announced Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019 on Aug 22,2019. This scheme will be operationalized from 1st September 2019 and shall continue till 31st December 2019. This scheme is expected to be availed by large number of tax

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  • 2 Proposal for Review of FDI Policy on Various Sectors Approved [ Economy, International Relations/Organizations ]

    The Union Cabinet of India has approved the proposal for Review of Foreign Direct Investment on various sectors. When an investor from a foreign country invests in a business for which the foreign investor has the direct control over the company purchased is known as Foreign Dire

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  • Sep 15, 2019
  • 1 Liquidity Infusion of Rs 10,000 Crore to Be Provided to HFCs [ Policy/Governance, Economy ]

    With an aim to boost lending and accelerate growth, the housing sector regulator (National Housing Bank) has opened a liquidity infusion facility of Rs. 10000 crore for Housing Finance Companies (HFCs). This is expected to improve liquidity in sector.

    This would also enable comp

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  • Aug 25, 2019
  • 1 Asset Reconstruction Companies Permitted to Buy Financial Assets from Peers [ Policy/Governance, Economy, Committees/Govt. Bodies ]

    The Asset Reconstruction Companies have been permitted by RBI to acquire financial assets from peers (other such entities). All such transactions should be settled in cash. ARC is a specialized financial institution that buys the NPAs or bad assets from banks and financial instit

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  • Aug 23, 2019
  • 1 Basic Savings Basic Deposit Accounts Scheme [ Policy/Governance, Economy, Committees/Govt. Bodies ]

    A BSBD account means an account that does not require customers to maintain a minimum or average monthly balance. These accounts are aimed towards enhancing financial inclusion among the economically weaker sections of the society.

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  • Aug 16, 2019
  • 1 Price for Sovereign Gold Bonds Fixed at Rs3443 Per Gram by the Centre [ Policy/Governance, Economy, Govt. Schemes/Projects ]

    The government of India has fixed the new series of Sovereign Gold Bonds at Rs3443 opening on July 8. SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold.

    Investors have to pay the issue price in cash and the bonds will be

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  • Aug 15, 2019
  • 1 Currency Monitoring List & Its Impact [ Economy, International Relations/Organizations ]

    The United States in May 2019 removed India and Switzerland from the currency monitoring lists. The Countries such as China, Japan and Germany are still in the list of US Currency Monitoring. The Currency Monitoring actually is a way of observing a strict vigil upon the currency

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  • 2 Microfinance Institutions Network (MFIN) Appointed Manoj Kumar Nambiar as Its New Chairman [ Economy, Appointments ]

    Manoj Kumar Nambiar Managing Director of Arohan Financial Services is elected as new chairman of Microfinance Institutions Network (MFIN) at the 6th annual general meeting of MFIN. He is also the Director on Boards of IntelleCash Microfinance Network Company.

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  • 3 SEBI Tightens Its Regulations to Safeguard Investors in Terms of Mutual Fund Investment [ Policy/Governance, Economy ]

    SEBI’s latest reforms is expected to have a massive impact on India’s trillion mutual fund industry which has to comply with the new sectorial caps from September 2020. The advisory committee formed by the SEBI made these significant reforms. Through this move of SEBI and other m

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  • Aug 13, 2019
  • 1 India’S Unemployment Rate Hit 45-Year High [ Economy ]

    The assessment by the National Sample Survey Office conducted between July 2017-June2018, showed the unemployment rate stood at 6.1 percent, the highest since 1972 - 73. The data released by Labour Ministry showed 7.8 % of all employable urban youth being jobless, while the perce

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  • 2 Lok Sabha Passed the Special Economic Zones Amendment Bill [ Policy/Governance, Economy ]

    The Special Economic Zones amendment bill passed on 26th June 2019 will allow trusts to set up units in Special economic zones. This amendment bill of 2019 will replace the Special Economic Zones (Amendment) Ordinance.

    This bill was became the first legislation to be passed in t

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  • Aug 12, 2019
  • 1 RBI Financial Stability Report 2019 [ Policy/Governance, Economy ]

    The Reserve Bank of India released the 19th issue of the Financial Stability Report (FSR) . The FSR reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, as resilience of the financial sy

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  • Aug 7, 2019
  • 1 Creation of a ’Specialized Supervisory and Regulatory Cadre [ Economy, Committees/Govt. Bodies ]

    The Reserve Bank of India’s (RBI’s) Central Board has decided to create a ‘Specialized Supervisory and Regulatory Cadre’ within the RBI. Decision to create a Specialized Supervisory and Regulatory Cadre within the RBI was taken at the recent two-day meeting of Reserve Bank of Ind

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  • Aug 6, 2019
  • 1 Pension Coverage to Crores of Farmers [ Policy/Governance, Economy, Govt. Schemes/Projects ]

    Cabinet has approved a new Central Sector Scheme to empower farmers across India. The Central Government would spend Rs. 10774.50 crore for a period of 3 years towards its contribution (matching share) for providing social security cover as envisaged under the scheme.

    Approx. 5

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  • Jul 31, 2019
  • 1 GST- Goods and Services Tax [ Policy/Governance, Economy ]

    The Goods and Services Tax is an indirect tax which is a comprehensive multistage, destination based tax imposed in India on the supply of Goods and Services. “One nation, One indirect tax” is the dictum of GST which is expected to make India one unified common market.

    The idea

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  • 2 Initiatives by Commerce Ministry to Boost Trade with African Countries [ Economy, International Relations/Organizations ]

    In order to strengthen the trade and economic partnership between India and Africa, a two days Digital Video Conference (DVC) interaction was organized. This interaction was organized on 3rd and 6th May 2019.

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  • Jul 20, 2019
  • 1 Panama Papers (Important) [ Economy, International Relations/Organizations ]

    The Panama Papers are the leaked documents of 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca revealing the financial confidential details of the Politicians and Public figures. Panama is a country in Central America situated between

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  • Jul 19, 2019
  • 1 Angel Tax [ Policy/Governance, Economy ]

    Angel Tax is a 30 % tax that is levied on the funding received by startups from an external investor. This 30 % tax is levied when startups receive angel funding at a valuation higher than its ‘fair market value’. It is counted as income to the company and is taxed. This tax was

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  • 2 Enforcement Directorate & the Income Tax Department [ Economy, Committees/Govt. Bodies ]

    The Enforcement Directorate is a part of the Department of Revenue, Ministry of Finance, and Government of India whose primary task is to enforce economic laws and counted the economic crime in India. It is a law enforcement agency and economic intelligence agency of officers fro

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  • Jul 16, 2019
  • 1 Helicopter Money [ Economy ]

    It is defined as an unconventional monetary policy where the central banks make payments directly to the individuals. Term ‘helicopter money’ refer to a wide range of different policy ideas, including the ‘permanent’ monetization of budget deficits.

    Phrase “helicopter money” was

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  • 2 Purchasing Managers Index (PMI) [ Economy, International Relations/Organizations ]

    The Purchasing Managers Index is defined as an index in the manufacturing and service sector interims of the prevailing direction of economic trends. This index gives an indication whether the market conditions are expanding, staying the same or contracting consisting of a diffus

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  • May 31, 2019
  • 1 📹 Expected Questions in Economy 2019 IAS/NET(Part-1)(Set-2) [ Economy ]

    Please find below the most important expected topics for the upcoming UPSC Prelims exam 2019. Subscribe@Examrace YouTube Channel to get the complete series of expected questions. For practice and solutions visit - doorsteptutor. com. You can download the pdf by clicking the optio

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  • 2 📹 Expected Questions in Economy 2019 IAS/NET(Part-1)(Set-3) [ Economy ]

    Please find below the most important expected topics for the upcoming UPSC Prelims exam 2019. Subscribe@Examrace YouTube Channel to get the complete series of expected questions. For practice and solutions visit - doorsteptutor. com. You can download the pdf by clicking the optio

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  • May 29, 2019
  • 1 Expected Questions in Economy 2019 IAS/NET(Part-1)(Set-1) [ Economy ]

    Sunil Mehta Committee: More than 50 banks & financial institutions in India have entered into inter-creditor agreement to speed up resolution of stressed assets of Rs. 50 cr. & above that are under consortium lending. Aimed at resolution of loan accounts w/size of ₹50 cr. & abov

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