Study Blog

  he National Statistical Office (NSO), on May 29, released its provisional estimates of national income for the financial year 2019-20. As per the NSO, real GDP (Gross Domestic Product) in the full fiscal year was estimated to have expanded by 4.2% from a year earlier, the slowest pace of growth in 11 years. And GDP growth for the January-March quarter was pegged at 3.1%. The release also detailed the estimates of the Gross Value Added, or GVA, at basic prices for the four quarters of 2019 as well as the comparable quarterly data for the two preceding years. Interestingly, the GVA numbers for the first three quarters revealed significant revisions from what the NSO had shared back in February, when it had announced estimates for the third quarter. While initial estimates are routinely revised based on the updated availability of information, the extent of these revisions has come into focus since they point to a sharper and more widespread slowdown in economic activity over the co...

  What Is Demand-Pull Inflation? Demand-pull inflation is the upward pressure on prices that follows a shortage in supply. Economists describe it as "too many dollars chasing too few goods." Demand-pull inflation is a tenet of  Keynesian economics  that describes the effects of an imbalance in  aggregate supply  and demand. When the aggregate demand in an economy strongly outweighs the aggregate supply, prices go up. Understanding Demand-Pull Inflation The term demand-pull inflation usually describes a widespread phenomenon. That is, when consumer demand outpaces the available supply of many types of consumer goods, demand-pull inflation sets in, forcing an overall increase in the cost of living. KEY TAKEAWAYS When demand surpasses supply, higher prices are the result. This is demand-pull inflation. A low unemployment rate is unquestionably good in general, but it can cause inflation because more people have more disposable income. Increased government spen...

 1) The governemnt of Odisha and Indian rugby football union signed an agreement to sponsor the Indisna National rugby teams for the next three years (2023) and facilitate high condition training and conditioning of the players. Answer: Odisha 2) Union minister of youth and Sports Kiren reijiju atthended the Youth-20(Y20) summit being held virtually from Oct 15-17 2020 in Riyadh, Saudi Arabia 3) Government appointed J venkatramu as MD CEO of IPPB(indian posts payment bank)? 4)International online shooting championship-Gold- Won by, Vishnu Shivaraj (kerala) 5) First women to join the High Court Judiciary and become a chief Justice of kerala high court- Justice KK Usha. 6) Ministry of Agriculture has launched "Ayushman sahakar" scheme to help cooperatives contribute to creation of healthcare infrastructure in the country under National Cooperative Development corporation which would lend Rs 10,000 crore. 7) Which district has bagged the top position among 30 districts of the co...

  GDP deflator is an often cited term in economic discussion. What does it relate to? Answer: Evaluates inflation iby taking into account the GDP of the country This ratio helps to show the extent to which the increase in gross domestic product has happensed on account of higher prices rather than increase in output. Q1. Govt has announced the National Infrastructure Pipeline (NIP). Government plans to spend Rs 102 lakh crores on infrastructure projects by which year? Answer- 2025 (Energy 24%, Roads- 19%) Q2. Recently DPIIT revised its FDI policy, What was the reason behind it? Answer- To curb the predatory foreign investment DPIIT- Department for Promotion of Industry and Internal Trade, Parent org- Ministry of Commerce and Industry (Foreign direct investment (FDI) in India has increased by 16 per cent year-on-year to USD 27.1 billion during April-August this year. ) In the last five years, Chinese investment in India drastically increased from US, 1.6$ bill...