Discrepancies in the Estimation of GDP Growth Rate

By Aspire IAS

12 June 2019

GDP is the sum total of the value of the goods and services that are produced in an economy in a year. It is an important indicator of the economic health of a country. It is an economic indicator based on the computation of the production data in the country. The growth rate over the years is used to determine the trend of economic growth, thus accurate estimation of GDP growth gives us a clear picture of the outcome that is generated over the year.

Think big

By Aspire IAS

28 September 2018

This includes white goods such as air-conditioners, refrigerators and washing machines as well as nonessential items such as gems, travel bags and aviation turbine fuel (ATF).

Unemployment among educated youth at 16% : Study

By Aspire IAS

26 September 2018

A new study released by Azim Premji University’s Centre for Sustainable Employment named the ‘State of Working India 2018’ confirms the spectre of jobless growth.

Do Mudra loans have credit risks?

By Aspire IAS

23 September 2018

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans upto 10 lakh to the non-corporate, non-farm small/micro enterprises.

SEBI eases KYC norms for Foreign Portfolio Investors

By Aspire IAS

22 September 2018

The market regulator relaxed the norms after considering the interim recommendations of the SEBI working group under the Chairmanship of Harun R Khan, a former deputy governor of the Reserve Bank of India.

Rationalisation of CS schemes mooted:

By Aspire IAS

20 September 2018

Several Centrally Sponsored Schemes (CSS) are just boutique in nature with dubious outcomes, the 15th Finance Commission of the Union Government has noted while calling for urgent rationalisation of the CSSs.

Ten years on, in uncharted waters

By Aspire IAS

19 September 2018

The East Asian crisis of 1997 caused a rethink on full capital account convertibility and fixed exchange rates.The Internet bubble and bust of the early 2000s led many to question the impact of new technology on long-term productivity growth.

'Machines will rule workplace by 2025'

By Aspire IAS

18 September 2018

“The Future of Jobs 2018” report by WEF predicts that the rise of robotics will result in machines performing more tasks on the job than humans by 2025. It also estimates that while that trend could displace 75 million jobs globally by 2022, it’ll create 133 million new positions.

Human Development Index (HDI)

By Aspire IAS

15 September 2018

HDI was released by the United Nations Development Programme with the findings indicating a glaring inequality in the country though “millions have been lifted out of poverty”.

Cabinet clears new procurement policy:

By Aspire IAS

13 September 2018

The Cabinet has given approval to the new procurement policy which will ensure that the farmers get the minimum support price (MSP) at a time when the market prices fall below the benchmark prices set by the government.

Avoidable Suspense

By Aspire IAS

12 September 2018

On 10th April 2018, the market watchdog, SEBI asked category II and III FPIs (not well-regulated in their countries of origin) to conform to a higher degree of KYC norms in order to curb round tripping of illicit money and strengthen anti-money laundering measures.

India’s GDP growth rate : Consumption led growth

By Aspire IAS

11 September 2018

GDP growth rate for the first quarter (April – June) of fiscal year 2018-19 came at 8.2 per cent. A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy?

Post office solutions:

By Aspire IAS

08 September 2018

The India Post Payments Bank (IPPB), a financial service provider that will operate under the country’s age-old postal department. IPPB is a payment bank and as per the RBI’s regulations the Payment banks cannot accept Term deposits, they can accept demand deposits only. The new India Post Payments Bank can hasten financial inclusion, but detailing is key.

Steps to stop the rot:

By Aspire IAS

06 September 2018

In other parts of the world, grain is stored in silos (a tall tower or pit on a farm used to store grain). Here, stored grain is kept dry and aired so as to prevent fungal and insect attacks.

Reserve bank tightens ombudsman scheme

By Aspire IAS

04 September 2018

Banking Ombudsman is a quasi judicial authority functioning under India’s Banking Ombudsman Scheme 2006, and the authority was created pursuant to a decision made by the Government of India to enable resolution of complaints of customers of banks relating to certain services rendered by the banks.

Why is a Public Credit Registry important?

By Aspire IAS

03 September 2018

Recently, RBI Deputy Governor made a case for setting up a Public Credit Registry (PCR), incorporating unique identifiers: Aadhaar for individual borrowers and Corporate Identification Number for firms.

India post payment Bank

By Aspire IAS

01 September 2018

India Post Payments Bank (IPPB) has been launched. It will focus on providing banking and financial services to people in rural areas, by leveraging the reach of 1.55 lakh post office branches. The government aims to link all the 1.55 lakh post offices to the India Post Payments Bank system by 31 December, 2018.

Over 99% Of demonetised notes were returned: RBI

By Aspire IAS

30 August 2018

The Reserve Bank of India’s annual report for 2017-18 said more than 99% of the Rs. 500 and Rs. 1,000 notes withdrawn from circulation in November 2016 had been returned to the central bank.

Economy has come a long way: Jaitley

By Aspire IAS

27 August 2018

Finace minister Arun jaitley cited the report given by International Monetary Fund (IMF) report on India in 2018. He said India had improvements in indicators such as inflation, fiscal deficit, current account deficit, infrastructure, power sector, and allocation of natural resources.

Strengthening federal link

By Aspire IAS

24 August 2018

The State Finance Commission (SFC) is a unique institution created by the 73rd and 74th Constitutional Amendments (CAs) to rationalise and systematise State/sub-State-level fiscal relations in India.

Finmin to PSB CEOs: check NPA frauds or face action

By Aspire IAS

23 August 2018

In a stern warning to bankers, the finance ministry has asked chief executives of public sector banks (PSBs) to check all NPA accounts exceeding Rupees 50 crore for fraud, else face criminal conspiracy charges, according to official sources.

What does the falling rupee mean for you and economy?

By Aspire IAS

22 August 2018

With the rupee recently weakening past ?70 to a dollar and hovering about that level since, concerns over the impact of the devaluation on economic indicators are intensifying.

Strong wage policies needed to promote inclusive growth in India

By Aspire IAS

21 August 2018

The International Labour Organisation (ILO) on released a report titled ‘India Wage Report: Wage policies for decent work and inclusive growth’.

‘Proxy job data being cited doesn’t provide an accurate picture’

By Aspire IAS

18 August 2018

Unemployment and underemployment are growing. The small producers and the informal sector have done poorly over the last two years, and both agricultural and manufacturing have been performing poorly.

Growth vs development and its concern to the Indian

By Aspire IAS

14 August 2018

The overall GDP, after several quarters of low growth, there has been a strong pick-up in the last quarter of 2017-18. If this momentum is maintained, the growth rate (2018-19) will certainly be above 7%.

The Andhra Pradesh government has announced Mukhya Mantri Yuva Nestam scheme to provide unemployment allowance

By Aspire IAS

09 August 2018

The Andhra Pradesh government has announced Mukhya Mantri Yuva Nestam scheme to provide unemployment allowance of Rs 1000 per month to the unemployed youth (between 22-35 years of age) through DBT using Aadhar.

What is GST ?

By Aspire IAS

08 August 2018

Goods and Services Tax (GST) is an indirect tax levied in india on the supply of goods and services. GST is levied at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer. The tax came into effect from July 1, 2017 through the implementation of one hundred and first amendment of the constitution of india by the Indian government. The tax replaced existing multiple cascading taxes levied by the central a

World Bank has launched the world’s first public bond created and managed using only blockchain

By Aspire IAS

07 August 2018

The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”

U.S.-China trade war can make Indian products competitive, says CII report

By Aspire IAS

06 August 2018

With the U.S. imposing an additional 25% duty on imports worth $34 billion from China, certain Indian products may become more competitive. India can focus on several goods for expanding its exports to the U.S. and China after the increase in duties by both countries on imports from each other.

TRAI calls for zero telecom equipment imports by 2022

By Aspire IAS

04 August 2018

Telecom Regulatory Authority of India (TRAI) has called for imposition of import duties on telecom products outside the ambit of the Information Technology Agreement (ITA-1) and incentivising their local design and manufacturing with an aim to eliminate India’s dependence on imported telecom gear by 2022.

Discounting logic

By Aspire IAS

03 August 2018

The process of putting together a regulatory framework for electronic commerce in the country is finally speeding up.