Current Affair Category: Indian Economy

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 […]

Interest rate cut at this stage will be ‘very premature, very risky’: RBI Governor Das Earlier this month, the RBI’s newly reconstituted Monetary Policy Committee (MPC) left the repo rate – the key policy rate – steady at 6.5 per cent for 20 consecutive months as inflation continues to remain a sore point. At a […]

Weighted Average Lending Rate (WALR):   The Reserve Bank of India (RBI) has barred Asirvad Micro Finance Ltd, Arohan Financial Services Ltd, DMI Finance and Navi Finserv from sanctioning and disbursing loans for violation of multiple rules, including excessive pricing of loans. The ban on these non-bank finance companies (NBFCs) will come into effect from […]

The Nobel laureates in the economic sciences have demonstrated the importance of societal institutions for a country’s prosperity. Societies with a poor rule of law and exploitative institutions do not generate growth or change for the better. Where does India fit into this understanding? The Royal Swedish Academy of Sciences on Monday awarded the Sveriges […]

Banks are likely to deliver a softer growth in the quarter ended September 2024, led by slower credit growth and moderation in net interest margins (NIM). Net interest margin are expected to decline by 2-10 basis points sequentially given pressure on cost of funds resulting from repricing of deposits. “Banks are expected to deliver yet […]

Why in News ?  The Bureau of Indian Standards (BIS) has begun the process of formulating a National Agriculture Code (NAC), on the lines of the existing National Building Code and National Electrical Code. What is the National Agriculture Code? The BIS is the national body which sets standards for different products across various economic […]