How independent is the Reserve Bank of India (RBI)? Is the independence of the RBI waning recently? In India, even though the RBI Act 1934 allows government control, the convention is that the RBI is allowed autonomy to do what it wants. However, recently there are many media reports about … [Read more...] about Is RBI’s Independence Waning?
UPSC Mains General Studies Paper 3 (GS3)
What is meant by Minimum Support Price or MSP? MSP is the minimum price which the government pays for the farmers’ produce at the time of procurement. It is aimed at saving the crops from price fluctuations in the market. The MSP fixed by the government is considered as being remunerative for … [Read more...] about Minimum Support Price (MSP) – Explained with Video
Poverty is a multidimensional concept. Poverty is a state or condition in which a person lacks the resources for a minimum standard of living. Traditionally, the term poverty refers to lacking enough resources to provide the basic necessities of life - food, clean water, shelter and clothing. … [Read more...] about Poverty – Dimensions and Challenges Explained
Please find the questions in the General Studies Paper 3 (GS3) of UPSC 2020 Civil Services Mains Examination (written). UPSC conducted the General Studies Paper 3 as part of the Civil Services Main Exam 2020 on 10-01-2021. There were 20 questions. 10 questions were of 10 marks each, while the … [Read more...] about GS Paper 3 UPSC 2020 (Mains) – Question Paper and Analysis
Everything you need to know about the Foreign Trade of India. Foreign Trade (International Trade) is all about Exports and Imports. What is the total value of India's exports and imports? Which is higher - exports or imports? What are the main export items? What are the main import items? … [Read more...] about Foreign Trade of India: Concepts of International Trade
Foreign Direct Investment (FDI) is considered as a significant source of non-debt financial resource for economic development. A non-resident entity can invest in India except in those sectors/activities which are prohibited. A person resident outside India may hold a foreign investment in any … [Read more...] about Foreign Direct Investment (FDI) in India: Definition and Statistics
To understand the money supply in the economy RBI uses monetary aggregates like M0, M1, M2, M3 etc. The money supply is the total value of money available in an economy at a point of time. In India, Reserve Bank of India (RBI), measures the money supply and publishes it on a weekly or … [Read more...] about Monetary Aggregates: Understand the Monetary Statistics M0, M1, M2, M3 etc
One Health concept is being recognized as an effective way to fight health issues at the human-animal-environment interface, including zoonotic diseases. ‘One Health’ was proposed as a concept to foster such interdisciplinary collaboration. It is adopted by the international agencies charged with … [Read more...] about One Health Concept: Why is it in news now?
Atmanirbhar Bharat Abhiyan (Self-reliant India Mission) is a campaign launched by the Central Government of India which included an Rs.20 lakh crore economic stimulus package and a number of reform proposals. As part of the relief measures in the aftermath of COVID-19, the Prime Minister announced … [Read more...] about Atmanirbhar Bharat Abhiyan – Explained in Layman’s terms
Operation Twist is an unconventional monetary policy of the Central Bank. Recently, the Reserve Bank of India tried 'Operation Twist' in India. Originally, 'Operation Twist' was the name given to the US Federal Reserve monetary policy operation. This operation involved the purchase and sale of … [Read more...] about Operation Twist – 7 Key Points to Understand