Economics: Point-Wise CA and GS Articles 2017 (Including PIB)

  • Nov 15, 2017
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    Government notified that Peer-to-peer lending (P2P) platforms will be treated as non-banking financial companies (NBFCs) and thus regulated by Reserve Bank of India (RBI). Ends the regulatory vacuum for P2P operation.

    Image of Non-Banking Financial Companies

    Image of Non-Banking Financial Companies

    Image of Non-Banking Financial

    … (423 more words) …
  • Nov 7, 2017
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    India registered significant decline in Infant Mortality Rate (IMR) as released by SRS bulletin- IMR declined by three points (8 % decline), from 37 per 1000 live births in 2015 to 34 per 1000 live births in 2016, compared to… (291 more words) …

  • Oct 31, 2017
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    Interbank Local Currency Credit Line Agreement and Cooperation Memorandum Relating to Credit Ratings by Exim Bank with participating member banks under BRICS Interbank Cooperation Mechanism are umbrella pacts non-binding in nature.

    Image of International Trade

    Image of International Trade

    Image of International Trade

    The… (357 more words) …

  • Oct 25, 2017
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    Government of India and European Investment Bank (EIB) signed the Finance Contract for lending of € 300 million for Bangalore Metro Rail Project Phase II Line R6. Project will be implemented in 5 years from date of commencement.

    Image of Funding for Bangalore Metro Rail Project

    Image of

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  • Oct 16, 2017
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    HDFC Bank, the second largest private sector lender was added to The Reserve Bank of India’s (RBI) list of Domestic Systemically Important Banks (D-SIBs). State Bank of India (SBI) and ICICI Bank were added in 2016.

    Image of Domestic Systemically Important Banks

    Image of Domestic Systemically… (305 more words) …

  • Oct 14, 2017
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    UNCTAD’s Trade and Development Report (TDR) 2017 predicts with India and China at their current growth will not serve as global growth polls. Barometer for assessing the global economic climate. … (385 more words) …

  • Oct 12, 2017
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    India’s first Hyperloop project has been planned in Andhra Pradesh, connecting its city centers, Vijayawada and Amaravati with Andhra Pradesh Economic Development Board (APEDB) inking MoUwith Hyperloop Transportation Technologies (HTT) for developing the project.

    Image of Hyperloop Transportation Technologies

    Image of Hyperloop Transportation Technologies

    Image… (187 more words) …

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    State-run oil marketing company Bharat Petroleum Corporation (BPCL) has been awarded the Maharatna from the present Navratna status. Decision to elevate BPCL to Maharatna status taken by panel headed by Cabinet secretary.

    Image of Maharatna companies

    Image of Maharatna companies

    Image of Maharatna companies… (242 more words) …

  • Oct 9, 2017
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    According to Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserves crossed $400 billion due to sharp rise in foreign currency assets. Increase confidence in the monetary and exchange rate policies.

    Image of India Foreign Exchange Reserves

    Image of India Foreign Exchange Reserves

    Image of… (235 more words) …

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    With growing hydrocarbon engagement between India and Myanmar, the first consignment of 30 MT of High Speed Diesel was sent today from India to Myanmar. Numaligarh Refinery Ltd. (NRL) supplying HSD to Bangladesh, despatched the first diesel consignment to Myanmar.… (263 more words) …

  • Oct 6, 2017
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    Dairy Processing & Infrastructure Development Fund (DIDF) was approved by economic committee with an outlay of Rs. 10, 881 crore during 2017 - 18 to 2028 - 29. The fund is set up in response to Union Budget 2017 -… (519 more words) …

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    Steel Authority of India Ltd. (SAIL) has a nation-wide campaign “सेल स्टील – गाँव की ओर” (“SAIL Steel – Gaon ki Ore”) aimed at boosting steel consumption in country especially in rural areas.

    Map of A Maharatna Company(The Sail Network)

    Map of A Maharatna Company (The Sail… (379 more words) …

  • Oct 5, 2017
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    India’s Silk Industry is world’s second largest after China. India enjoys a unique global position in terms of production of all commercially useful varieties of silk. India produces four varieties of silk: Mulberry, Eri, Tasar and Muga.

    Map of Silk Centers In India

    Map of Silk… (362 more words) …

  • Oct 2, 2017
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    A loan deal worth $76 million with Japan International Cooperation Agency (JICA) was approved to upgrade the environment management plan at Alang-Sosiya ship recycling yards. Total cost of the project to be $111 million, out of which $76 million provided… (254 more words) …

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    Young Start-Ups can avail of the “Venture Fund” facility provided by the Ministry of Development of Northeast to anybody who wishes to set up an entrepreneurship Northeast region. Fund in addition to the provisions of tax holiday and exit period… (313 more words) …

  • Sep 23, 2017
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    NITI Aayog launched Ease of Doing Business report based on an Enterprise Survey of 3, 500 manufacturing firms across India. Survey assesses the business regulations and enabling environment across India from firms’ perspective.

    Image of Ease of Doing Business Index

    Image of Ease of Doing Business Index… (356 more words) …

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    India is hosting the next steering committee meeting of 1, 814 km long Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline as decided by sixth joint India-Turkmenistan Inter-Governmental Committee (IGC) meeting on trade, economic, scientific, and technological cooperation.

    Image of Two Proposed Pipelines In South Asia

    Image of Two Proposed Pipelines In… (226 more words) …

  • Sep 20, 2017
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    The Indian Commodity Exchange (ICEX) has launched world’s first diamond futures contracts providing exporters with means to contain their losses. ICEX received approval from market regulator Securities Exchange Board of India (SEBI) for trading in diamond futures contracts.

    Image of World's First Diamond Futures Contracts By ICEX

    Image of… (318 more words) …

  • Sep 19, 2017
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    Geographical Indications Registry (GIR) granted geographical indication (GI) status to Gobindobhog rice, a specialty from Burdwan district of West Bengal. South Damodar belt is traditional area of Gobindobhog rice cultivation.

    Map of Native Areas of Cultivation

    Map of Native Areas of Cultivation

    Map of Native Areas… (293 more words) …

  • Sep 17, 2017
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    BRICS Inter bank Cooperation Mechanism (ICM) Banks agreed to establish and cooperate on local currency credit lines. Allows five banks to extend credit lines in local currencies to BRICS ICM members and BRICS companies against guarantees of signatory banks.

    Image of Overview of BRICS Financial Cooperation

    Image… (219 more words) …

  • Sep 13, 2017
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    India’s exclusive rights to explore polymetallic nodules from seabed in Central Indian Ocean Basin (CIOB) were extended by five years. Rights over 75000 sq. km of area in international waters allocated by International Seabed Authority for developmental activities for polymetallic… (481 more words) …

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    Public Sector Banks can now amalgamate through an Alternative Mechanism (AM) facilitating consolidation of Nationalized Banks into strong and competitive banks. Decision for creating strong and competitive banks.

    Image of Amalgamate Through Alternative Mechanism

    Image of Amalgamate Through Alternative Mechanism

    Image of Amalgamate Through Alternative Mechanism… (234 more words) …

  • Sep 11, 2017
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    India and China jointly asked for elimination of the Aggregate Measurement of Support (AMS) or ‘Amber Box’ to the World Trade Organisation (WTO). These are most trade-distorting forms of farm subsidies given by developed countries.

    Image of Three Categories of Domestic Support

    Image of Three Categories of… (228 more words) …

  • Sep 9, 2017
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    Government cancelled the Legal Tender Status of Rs. 1000 and Rs. 500 denomination currency notes on 8th November 2016 with several objectives: Flushing out black money. Eliminate Fake Indian Currency Notes (FICN).

    Image of History of Demonetization In India

    Image of History of Demonetization In India… (855 more words) …

  • Sep 6, 2017
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    Countries use the Renard series for convenient use of currency where the ratio between adjacent denominations of currencies is 1: 2 or 1: 2.5. The denomination should be twice or two-and-half times of its preceding denomination allowing exchange of value… (288 more words) …

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    Justice Srikrishna Committee, a High Level Committee reviewing the Institutionalization of Arbitration Mechanism submitted its report. The Arbitration and Conciliation Act 1996 regulates domestic arbitration in India.

    Image of Arbitration & Conciliation Act 1996

    Image of Arbitration & Conciliation Act 1996

    Image of Arbitration & Conciliation Act… (335 more words) …

  • Sep 4, 2017
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    The Union Ministry of Shipping expanding Logistics Data Bank (LDB) project to southern region after covering the western logistics corridor. Launched at the Jawaharlal Nehru Port (JNPT), Mumbai in July 2016,

    Image of EDI Interfaces developed by NTI

    Image of EDI Interfaces developed by NTI

    Image of… (186 more words) …

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    Anti-dumping (AD) & Countervailing (CVD) duties are enforced to protect local manufactures- they are protectionist. Customs duty on the other hand is used purely for revenue. Customs duty is specific to product and unlike AD and CVD not specific to… (243 more words) …

  • Sep 9, 2017
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    Annual estimates of Gross State Domestic Product (GSDP) and Per Capita Income (measured as per capita net state domestic product) at constant and current prices prepared by all the States and UTs except UTs of Daman & Diu, Dadra &… (690 more words) …

  • Aug 29, 2017
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    Overview and Outlook for Policy: Economic Survey 2016 - 17 Volume 2 found a rekindled optimism due to structural reforms such as launch of the GST, positive impacts of demonetization, decision to privatize Air India, rationalization of energy subsidies and… (627 more words) …

  • Sep 5, 2017
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    This part of economic survey- volume 2 covers Agriculture and Food Management, Industry and Infrastructure, Social Infrastructure, and Employment and Human Development. Previous part of the survey focused on several important sectors including services.

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    Economic… (480 more words) …

  • Aug 29, 2017
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    The fiscal outcome in 2016 - 17 marked by strong growth in tax revenue, sustenance of the pace of capital spending and a consolidation of non-salary and pension revenue expenditure- containing fiscal deficit to 3.5 per cent of GDP in… (2321 more words) …

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    India is the third largest salt producer after China and USA with global annual production about 230 million tones. In 1947, salt was imported from the United Kingdom & Adens but today India is in a position of exporting surplus… (748 more words) …

  • Sep 6, 2017
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    Ministry of Textiles set up institutional mechanisms to enable textile industry achieve full potential of production, exports and employment. To implement key recommendations emerging from the deliberations at Textiles India Ministry of Textiles set up the following institutional mechanisms:

    Image of Textile Industry in India

    Image… (756 more words) …

  • Aug 29, 2017
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    Exhibition on “Indian Historical monuments in Company Painting School” in Ajanta Hall, National Museum presents illustrated paintings on Indo-Islamic Monuments with scenes of Mughal Architectures made with photo realistic approach.

    Indian Historical monuments in Company Painting School

    Indian Historical monuments in Company Painting School

    Indian Historical… (292 more words) …

  • Aug 17, 2017
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    प्रस्तावना: - समय सच में बड़ा बलवान होता है। समय में ताकत होती है। ये मुट्‌ठी में बंद रेत के समान होता है। कब फिसल जाए पता ही नहीं चलता है। समय को बांधना इंसान के बस में नहीं, लेकिन… (2374 more words) …

  • Aug 24, 2017
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    The Union Government released 76-point National Trade Facilitation Action Plan (NTFAP) to be adopted by the National Committee on Trade Facilitation (NCTF), reflecting commitment to implement the Trade Facilitation Agreement (TFA).

    National Trade Facilitation Action Plan

    National Trade Facilitation Action Plan

    National Trade Facilitation Action… (215 more words) …

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    World’s first floating wind farm known as Hywind being built off the coast of Scotland in the North on a trial basis for 20, 000 homes. Floating wind farm to harvest wind power in waters too deep for bottom standing… (239 more words) …

  • Sep 6, 2017
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    The Eight Core Industries comprise 40.27 % of the weight of items included in the Index of Industrial Production (IIP). The combined index of Eight Core Industries stands at 121.0 in June, 2017, 0.4 % higher compared to the index… (298 more words) …

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    India has vital peaceful nuclear program with substantial research on utilization of thorium in nuclear fuel cycle, and on the development of Advanced Heavy Water Reactor (AHWR) using thorium based fuel on a large scale.

    Location of Indian Nuclear Power Programme

    Location of Indian Nuclear Power… (329 more words) …

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    Earthquake-prone areas identified based on seismicity, past earthquakes, and tectonic setup of the region. Bureau of Indian Standards has grouped the country into four seismic zones: Zone II, III, IV and V. Of these, Zone V is seismically the most… (334 more words) …

  • Aug 17, 2017
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    Reliance Defence and Engineering Limited (RDEL) today launched its first two Naval Offshore Patrol Vessels (NOPVs) from Pipavav, Gujarat as part of a five-ship project for the Indian Navy. These are first warships to be launched by a private sector… (135 more words) …

  • Sep 6, 2017
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    Geological Survey of India (GSI) discovered the millions of tons of precious metals deep under the ocean surrounding peninsular India. Prospect of finding previously untapped resources in barely-exploited territory hold tremendous potential.

    Exclusive Economic Zone of India

    Exclusive Economic Zone of India

    Exclusive Economic Zone… (249 more words) …

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    Unless the world stops burning fossil fuels that are fueling global warming, irreversible changes in the Arctic could have disastrous effects for the people that live there and for the rest of the planet, researchers warned.

    Animals affected due to Global Warming

    Animals affected due to… (225 more words) …

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    Installing ATMs in rural areas is unviable for banks due to the lower number of accounts, low volume of transactions, low value of transactions, and high cost of setting up an ATM. Micro ATMs provide a one-stop solution bringing secure… (233 more words) …

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    Commerce and Industry Minister Nirmala Sitharaman and Bhutan’s Economic Affairs Minister Tengye Lyonpo Lekey Dorji signed the Bilateral trade agreement in New Delhi to improve ease of doing trade.

    Image fo Nirmala Sitharaman

    Image fo Nirmala Sitharaman

    Image fo Nirmala Sitharaman

    Aims of Agreement… (212 more words) …

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    Smooth-coated otter (Lutrogale perspicillata) was sighted for the first time in the mangrove forest near the Krishna wildlife sanctuary (KWS) in Krishna district, Andhra Pradesh. The presence of otter is a key indicator to the increase of the mangrove cover… (140 more words) …

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    Union ministry has launched the regional air connectivity scheme known as UDAN (Ude Desh ka Aam Naagrik) to increase affordability of flying. Union Civil Aviation Minister Ashok Gajapathi Raju launched this scheme in New Delhi. In January, 2017 this scheme… (349 more words) …

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    Prime Minister Narendra Modi inaugurated three hydroelectric projects (HEPs) with a generating capacity of 1,732 MW in Himachal Pradesh. These 3 power projects use generating equipment supplied and commissioned by state owned Bharat Heavy Electricals Limited (BHEL).

    Prime Minister Narendra Modi

    Prime Minister Narendra… (222 more words) …