Economy: GK, General Studies and Current Affairs

Manoj Kumar Nambiar elected as new chairman of Microfinance Institutions Network

Manoj Kumar Nambiar, MD of Arohan Financial Services (AFS), has been elected as new chairman of Microfinance Institutions Network (MFIN). The MFIN is an industry association consists of 56 NBFC-MFIs (Non Banking Financial Company-Micro Finance Institutions) and 40 associates including Banks, SFBs (Small Finance Banks ) and NBFCs. It is also the Self-Regulatory Organization (SRO) ..

Short Note : Economic Survey of India

The Economic Survey of India will be tabled in the Parliament today by the Chief Economic Advisor to the Government of India, Krishnamurthy Subramanian. Dr. Subramanian is a former associate professor at the Indian School of Business and one of his doctoral thesis advisors was Raghuram Rajan, the former Governor of Reserve Bank of India. ..

SBI signs MoU with NIIF to boost capital availability for infrastructure projects

The State Bank of India (SBI) and National Investment and Infrastructure Fund (NIIF) have inked a memorandum of understanding (MoU) to boost the availability of capital for infrastructure projects. The scope of the MoU includes equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets. The objective of this initiative ..

Short Note – Privatization in India

Privatization can be described as the transfer of state-owned enterprises (SOEs) to the private owners. SOEs in India include various public sector undertakings (PSUs), State enterprises and banks. It has been described by most economists as the need of the hour and has become a common economic policy tool around the globe. However, the increasing ..

Update – Performance of Eight Core Industries (May, 2019)

In a report released by the Ministry of Commerce & Industry, the Eight Core Industries Index (ICI) of the Indian Economy has registered a significant improvement of 5.1% in May 2019. However, this is lesser than April 2019 in which a significant revision of coal, cement, crude oil, steel, and electricity production improved its growth ..