Economy

It is a project to provide the clean energy in eastern part of the country. The gas pipeline will pass through 50 district in the state of Uttar Pradesh, Bihar, Jharkhand, Odisha and West Bengal. It is a two phased Project which was launched in 2016 also known as Jagdishpur-Haldia and Bokaro dharma natural gas … Read more

Positives: Low Import Bill Low pressure on Current account deficit. Ease in the balance of Payment. Ease of pressure on Inflation. Low price for consumer if the lower price effect pass on and High revenue for centre and states if the effect doesn’t pass on to the consumer. Money saved can be utilised for social … Read more

Reasons are as follows: Low expenditure per GDP in the Higher education as compared to other countries. Low investment in Research and development sector by the Government and the private Industries. Lack of autonomy and excessive government regulation Curriculum are anachronistic in nature. Lack of diversity in terms of course offered. Limited investment from High … Read more

SHAKTI: Coal linkage policy named SHAKTI or the Scheme to Harness and Allocate Koyla (Coal) Transparently in India. Salient Features of the policy   This policy will award fuel supply agreements to coal plants already holding letters of assurance (LoAs). It is issued to new consumers on being approved by the appropriate authority, based on … Read more

InVITS:  An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. InvITs work like mutual funds or real estate investment trusts (REITs) in features. InvITs can be treated as the … Read more

Differentiated banks are banking institutions licensed by the RBI to provide specific banking services and products.It is a system refers to the system of different licenses for different sub components of the banking sector such as Limited Banking License, Commercial Banking License etc. A differentiated license will allow a bank to offer products only in … Read more

Causes of Yes Bank crisis: Loan spree In the last five years, Yes Bank went on a loaning spree. Its total advances rose by 334% between FY14 and FY19, the highest rise among comparable banks in the period. Bad loans multiply Many borrowers started defaulting. The bank’s Gross NPA% (loans overdue for >90 days) zoomed … Read more

NABH NIRMAN: The government is augmenting the airport capacity of various airports as part of NABH (NextGen Airports for BHarat) Nirman initiative.The government in February announced a new initiative — NABH Nirman— under which it proposes to expand airport capacity in the country by more than five times to handle a billion trips a year.The … Read more

Recently a moratorium was put on withdrawal limit upto 50,000 by RBI circular. This lead to panic among the YES bank consumers which led to fall in the share price. RBi came up with restructuring scheme. SBI will invest in 49% stake and other private investors have also invested in the bank. Even though the … Read more

National gas grid intends to create network of pipeline infrastructure to connect gas sources to major demand centres, develop city gas distribution network and remove regional imbalance in access to natural gas. The objective is to create interconnected network of pipelines to make supply of natural gas to domestic, industrial or commercial premises and CNG … Read more