Current Affair Category: Indian Economy

21st livestock census-2024:  The Ministry of Fisheries, Animal Husbandry and Dairying, has launched the 21st Livestock Census in New Delhi. What is the livestock census all about? Conducted every five years, the census carries out a headcount of the number of domesticated animals, poultry, and stray animals in the country. The census takes into account […]

The Global Sovereign Debt Roundtable (GSDR) is an initiative led by the International Monetary Fund (IMF), World Bank, and the G20 to address global debt issues affecting low- and middle-income countries. Launched in early 2023, the GSDR aims to streamline and improve the process of restructuring sovereign debt for countries in financial distress, especially as […]

The Currency Composition of Official Foreign Exchange Reserves (COFER) is a statistical database maintained by the International Monetary Fund (IMF) that tracks the currency composition of countries’ foreign exchange reserves. These reserves are assets held by central banks and monetary authorities in different currencies, used to support the national currency and meet international payment obligations. […]

A “wave of sovereign defaults” occurs when multiple countries, often emerging or developing economies, are unable to meet their debt obligations within a short period. This trend usually emerges from shared economic challenges, such as global recessions, commodity price shocks, or rising interest rates, which simultaneously weaken the economic stability of vulnerable countries. In recent […]

Consumer-based inflation, often referred to as retail inflation, measures the change in the overall price level of a basket of goods and services that households typically consume. In India, retail inflation is most commonly represented by the Consumer Price Index (CPI). It reflects the rise in the cost of living and directly impacts consumers by […]

Maharashtra economically better off, but lags behind in social measures: The State is among the top 10 in per capita income; it ranks last among all the States in the share of wasted children: Maharashtra is economically better off than many other States and it weathered the pandemic well. However, its performance on various social […]

Key points of Fitch Ratings report. The share of Indian banks’ borrowings will continue to rise gradually within their overall funding mix if they struggle to attract sufficient fresh deposits to support loan growth. At the same time, a sustained capital-market performance could accelerate the shift of retail savings to investments (in the stock markets). […]

The Loan-to-Deposit Ratio (LDR) is a financial metric used by banks to assess their liquidity and financial health. It represents the ratio of a bank’s total loans to its total deposits. The LDR is a measure of how effectively a bank is utilizing its deposits to lend and generate income. Formula: Loan-to-Deposit Ratio (LDR)=Total LoansTotal Deposits×100\text{Loan-to-Deposit Ratio (LDR)} = […]

E-Shram: One Stop Solution’ Union Labour Minister has recently  launched the upgraded ‘e-Shram: One- stop solution’ portal, which will provide seamless access to the government’s different social security schemes, including health, pension and food, to over 300 million workers from the unorganised sector. “Every day, around 60,000 to 90,000 workers are joining the e-Shram platform. […]

R-star (r)**, also known as the natural rate of interest or equilibrium real interest rate, is the theoretical interest rate at which an economy operates at its full potential without causing inflation or deflation. It is the rate that neither stimulates nor restricts economic growth, providing a balance between economic output and inflationary pressures. In […]