GS3

G-Sap: Securities Acquisition Plan for Market Boost

The Reserve Bank of India (RBI) has put in place a secondary market Government Security Acquisition Programme (G-SAP) 1.0 for orderly evolution of the yield curve in FY22. Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees). Importance : The …

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Muon G–2

Newly published results of an international experiment hint at the possibility of new physics governing the laws of nature. Important points: The results of the experiment, which studied a subatomic particle called the muon, do not match the predictions of the Standard Model, on which all particle physics is based, …

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Left-Wing Extremism

Recently, a combing operation in the Tekulguda region of Bastar, Chhattisgarh went terribly wrong and resulted in the death of 22 security personnel and many more wounded. This tragic incident is a major setback to India’s internal security (IS) capability at many levels and highlights the challenge that left-wing extremism (LWE) continues …

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G-SEC Acquisition Programme – G-Sap 1.0

The Reserve Bank of India recently announced a Government Security Acquisition Programme, GSAP 1.0. Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees). The first purchase of Rs 25,000 crore is to be made on April 15, 2021. …

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RBI Consumer Confidence Index

The Reserve Bank of India recently released the report of Consumer Confidence Survey. The survey was conducted in major cities of the country over 5,000 respondents. Key Highlights of the survey The Consumer Confidence Index declined from 55.5 points in January 2021 to 53.1 points in March 2021. The Future …

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PLI Scheme for White Goods (Air Conditioners and LED Lights)

The Union Cabinet approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs. 6,238 crore. The PLI Scheme for White Goods shall extend an incentive of 4% to 6% on incremental sales of goods manufactured in India for a …

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Monetary Policy

The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep its short term lending rate or the repo rate unchanged at 4 per cent, in line with market expectations. Announcing the monetary policy, RBI Governor said the central bank will maintain its ‘accommodative stance’ as long as …

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WORLD ECONOMIC OUTLOOK: IMF

The latest edition of the International Monetary Fund’s (IMF) World Economic Outlook has raised its Financial Year (FY) 2021 growth forecast for India to 12.5% from 11.5% estimated earlier in January 2021. Indian economy is expected to grow by 12.5% in 2021 and 6.9% in 2022. In 2020, India’s economy …

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CHENAB BRIDGE

Recently, Indian Railways completed the arch closure of the iconic Chenab Bridge in Jammu & Kashmir. About Chenab Bridge: It is the world’s highest railway bridge and is part of the Udhampur-Srinagar-Baramulla rail link project (USBRL). The Project was declared as a Project of National Importance in March 2002. This …

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