Economy

One Nation, One Ration Card’ program implemented across the country: Basics Explained

Recently Assam has operationalized the ration card portability service and with this, the Centre’s ‘One Nation, One Ration Card‘(ONORC) program is implemented across the country, making food security portable throughout the…

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India’s emerging twin deficit problem: Fiscal Deficit and Current Account Deficit

Read:https://indianexpress.com/article/explained/everyday-explainers/indias-emerging-twin-deficit-problem-explained-7982895/ The above article talks about the emerging challenge faced by the Indian economy due to the emerging fiscal deficit and current account deficit. The main points raised in the…

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India’s merchandise trade widens: Basics Explained

India’s merchandise trade deficit expanded to its highest-ever mark of $24.29 billion in May, driven by a surge in gold imports, adding to the already-high energy import bill amid the…

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The 12th Ministerial Conference of the World Trade Organization: Basics Explained

The 12th Ministerial Conference of the World Trade Organization on June 17, agreed to a series of deals relating to the temporary waivers on Covid-19 vaccines, a moratorium on e-commerce…

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At $83.57 billion, FDI inflow in FY22: Basics Explained

India attracted total foreign direct investments (FDI) inflow of $83.57 billion in the financial year 2021-22, up by 1.95 percent on the year (2020-21, the inflows were $81.97 billion ),…

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RBI Gold Purchase;Forex Reserve:Basics Explained

Article:As FPI exits hit forex reserves, RBI stepped up gold purchases | Business News,The Indian Express India’s gold holdings have gone up to 760.42 tonnes, with the Reserve Bank of…

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Rbi Hikes Interest Rate: Basics Explained

The Reserve Bank of India (RBI) raised the repo rate – at which it lends money to commercial banks – by 40 basis points to 4.4%. The RBI also announced…

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In March 2022, India completed 12 successive months of double-digit wholesale price inflation (WPI inflation). This is the sixth occasion when inflation has remained over  10% for a year or…

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India’s wholesale price inflation escalates to 14.55% in March: Basics Explained

India’s March 2022 wholesale inflation to a 4-month high level primarily due to rise in prices of crude petroleum and natural gas, mineral oils, basic metals, etc., due to disruption…

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RBI: Repo rate unchanged

In the first monetary policy of the new financial year, The Reserve Bank of India (RBI) kept the repo rate unchanged at 4 percent and the reverse repo rate at…

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