Web Directory gma Free Links Directory

UPSC Courses

DNA banner


  • 11 October, 2022

  • 4 Min Read

Doom Loop

Doom Loop

  • There is a chance that the British economy will get stuck in a "doom loop."

What is Doom Loop?

  • The doom loop is a circle of vulnerability where a country's banking system can be badly harmed by price volatility in the sovereign bonds they hold as reserves, leading to a contraction in lending given by the banks.
  • As a result of the domestic economy slowing down as a result of the credit contraction, the price of the sovereign's bond issues continues to decline. This is because the government is being compelled to increase borrowing in order to maintain services during a time when tax revenues are declining.
  • The cycle can also start in the banking industry if a decline in bank lending brought on by issues with liquidity or non-performing loans causes price volatility in government bonds by slowing the economy and undermining trust in sovereign credit.
  • The circle can also be triggered by outside factors like trade tensions or a halt in global economic activity brought on by a natural recession.

Read Also: SC’s Split Verdict on Karnataka Hijab Ban

Source: The economic times

World bank logistic performance index 2023

India is now ranked 38th out of 139 nations in the Logistic Performance Index (LPI) 2023 of the World Bank. From its previous rankings of 44th in 2018 and 54th in 2014, this is a notable improvement. Earlier, the Logistics Ease Across Different States (LEADS) Report 2022 was published by the Ministry of Commerce and Industry. About Logi

Smuggling of Gold

Airports discovered more than 63% of this illegal gold. The Department of Revenue Intelligence recently conducted the Golden Dawn Operation across India, seizing 101.7 kg of illegal gold valued at Rs 51 crore. Despite the fact that India receives a legal import of about 800-1,000 tonnes of gold each year, the illicit market is thought to be

India-Thailand Relations

Both parties expressed satisfaction with the ongoing bilateral defence cooperation at the 8th India-Thailand Defence Dialogue, which was held in Bangkok, Thailand. Cultural ties and mutual cooperation that have been shaped by thousands of years of lasting historical and cultural ties characterise India and Thailand relations. Highlight

Translocation of Elephants

The Kerala government's appeal of the order of the Kerala High Court is rejected by the Supreme Court. The Kerala government's appeal against the Kerala High Court's directive to move Arikomban (Wild Elephant), the "rice tusker" of Munnar, to the Parambikulam tiger reserve was recently dismissed by the Supreme Court.

Global Buddhist Summit

Global Buddhist Summit In order to improve diplomatic and cultural ties with other nations, the Ministry of Culture recently organised the First Global Buddhist Summit 2023 in collaboration with the International Buddhist Confederation (IBC). About the summit "Responses to Contemporary Challenges: Philosophy to Praxis" is


Search By Date

Post Feed

Newsletter Subscription
SMS Alerts

Important Links