GSP
Posted in Economy Concepts World Affairs

Generalised System of Preferences (GSP)

Donald Trump has raised the issue of high tax by India on certain American products and has threatened to slap with reciprocal tax if voted to power in the 2024 presidential elections.

Posted in Economy Concepts World Affairs

India – ASEAN: Free Trade Agreement

India and the ASEAN countries reached an agreement on Monday to review their free trade pact for goods by 2025.

SWIFT Payment System
Posted in Economy Economy Concepts

SWIFT Payment System

Major defence deals with Russia have been delayed as Russia being shut out of the global SWIFT system for money transfers.

Posted in Economy Economy Concepts Economy Institutions

Credit Ratings

Moody’s Investors Service has reaffirmed India’s rating as a long-term local and foreign-currency issuer at Baa3.

Federal Funds Rate
Posted in Economy Concepts Economy

Federal Funds Rate

Federal Open Market Committee meeting was determined to raise the targeted federal funds rate to a range of 5.25% to 5.5%.

Retail Inflation
Posted in Economy Economy Concepts

Retail Inflation & Monetary Policy Committee

India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India (RBI) in July, owing to a broad-based uptick in food prices.

Geographical Indication (GI) tag
Posted in Economy Concepts Economy

Geographical Indication (GI) tag

Seven products across India [Rajasthan (4), Goa (2), Uttar Pradesh (1)] were given the Geographical Indication (GI) tag recently.

Fiscal Deficit
Posted in Economy Economy Concepts

Fiscal Deficit

Centre’s fiscal deficit at the end of the first quarter was 25.3% of the full-year target.

Finance Minister urged public sector banks to ensure the fair and transparent identification of non-performing assets (NPAs).
Posted in Economy Concepts

Non-Performing Assets (NPA)

Finance Minister urged public sector banks to ensure the fair and transparent identification of non-performing assets (NPAs).

Friend shoring
Posted in Economy Concepts

Friend-shoring and FDI

Finance Minister cited that Friend shoring of FDI is leading to a fragmentation in FDI flows across the globe.

Dark Pattern
Posted in Economy Economy Concepts

Dark Patterns

Department of Consumer Affairs and Advertising Standards Council of India (ASCI) recently came up with guidelines for ‘dark patterns’.

Internationalisation of rupee
Posted in Economy Economy Concepts

Internationalisation of the rupee & Triffin Dilemma

RBI-appointed working group recommended various measures to accelerate the pace of internationalisation of the rupee.