Crop Diversification: Basics Explained

Read:https://www.business-standard.com/article/current-affairs/cultivation-of-maize-mustard-moong-need-to-be-promoted-icar-chief-122081300884_1.html#:~:text=Cultivation%20of%20maize%2C%20mustard%2C%20and,Singh%20on%20Saturday. Cultivation of maize, mustard, and moong(3Ms) needs to be promoted in a big way across the country and this must be accompanied by the adoption of modern technology in the agriculture sector, said the Indian Council of Agricultural Research…

Retail inflation eases to 5-month low of 6.71%: Basics Explained

India’s retail inflation, which is measured by the Consumer Price Index (CPI), eased to a 5-month low 6.71 per cent in the month of July, down from 7.01 per cent in June. Separately, India’s factory output, measured through the Index…

RBI issues strict norms for digital lending space: Basics Explained

The Reserve Bank of India (RBI) released guidelines for the digital lending space in an effort to mitigate the concerns arising from credit delivery through digital lending methods. The guidelines, aimed at curbing rising malpractices in the digital lending ecosystem,…

RBI allows settlement in rupee to settle trade: Basics Explained

The Reserve Bank of India (RBI) has put in place an additional arrangement for invoicing, payment, and settlement of exports/imports in INR and has allowed trade settlements between India and other countries, including Sri Lanka and Russia, in rupees. The…

Surging imports and slowing exports will make current account deficit rise: Basics Explained

Read: https://indianexpress.com/article/opinion/editorials/surging-imports-slowing-exports-deficit-currency-8011041/ The editorial flags India’s merchandise trade deficit to a record high of $25.6 billion in June due to a surge in imports combined with tepid growth in exports. The combination of slowing global growth, which will have adverse…