Context State Bank of India (SBI), India’s largest commercial bank, recently raised the marginal cost of funds-based lending rates (MCLR) for the first time in three years, signalling that the…

Context The Finance Minister has said the government cannot bring down taxes - and thus oil prices - because it has to pay for oil bonds issued by the UPA.…

Context Recently, the Centre has said it will stop the purchase of excess parboiled rice, of which Telangana is a major producer. About parboiled rice The dictionary meaning of ‘parboil’…

Indigenous Intelligent Transportation Systems (ITS) Context An indigenous Onboard Driver Assistance and Warning System – ODAWS, Bus Signal Priority System and Common SMart iot Connectiv (CoSMiC) software have been launched…

National Time Release Study 2022 Context Recently, the Central Board of Indirect Taxes and Customs (CBIC), presented a set of Time Release Studies (TRS) conducted by the department. About National…

Context It’s rare for any country that is the largest producer and exporter of a product to experience domestic shortages of the same product — so much so as to…

Context While retaining the reverse repo rate at 3.35 per cent, the Reserve Bank of India (RBI) introduced the Standing Deposit Facility (SDF), an additional tool for absorbing liquidity, at an interest rate…

Context The Union Cabinet approved the creation of the National Land Monetisation Corporation (NLMC), the Special Purpose Vehicle (SPV) that Finance Minister had announced in the Union Budget 2021-22, to…

What are WPI and CPI inflation rates? Context Any inflation rate essentially tells us the rate at which prices have been rising in an economy. As such, an inflation rate is expressed…