Govt. considering congestion surcharge The government is mulling over a proposal to impose a surcharge on airlines for operating flights during peak hours to enhance airport capacity and to avoid flight delays, according to Airports Authority of India (AAI) chairman Guruprasad Mohapatra. What is the present position? Currently, landing fees paid by airlines are determined … Continued
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Why is there a row over Ayushman Bharat rates? (Relevant for GS Prelims, GS Mains Paper III; Economics) Why are hospitals displeased? Ayushman Bharat, the world’s largest health insurance scheme aimed at covering 50 crore Indians, is facing teething troubles. In May, the government published the rates that insurance companies would pay hospitals for the … Continued
The Nivati-Medha break water harbour in the Konkan region of Maharashtra is being considered under “12 Champion Sectors initiative” of the Ministry of Commerce. In the absence of such a harbour the financial condition of fishermen in the area is deteriorating as they are totally dependent on the vagaries of the sea. Building of the … Continued
Currency derivatives are considered to be one of the best options to manage any risk against foreign currency exchange rate volatility. Here is a low-down on this hedging instrument: What are currency derivatives? Currency derivatives are exchange-based futures and options contracts that allow one to hedge against currency movements. Simply put, one can use a … Continued
The Reserve Bank of India’s Deputy Governor in charge of monetary policy, Viral Acharya, recently surprised many with his candid remarks that reforms of public sector banks have taken a back seat. In the RBI’s biannual Financial Stability Report, released at the end of June, he said: “…governance reforms and market capital-raising appear to have … Continued
The Budget for 2018-19 announced that MSPs would henceforth be fixed at 1½ times of the production costs for crops as a “pre-determined principle”. The Centre has announced steep hikes in the minimum support prices (MSPs) for most crops planted in the current kharif season. This was based on a new formula, which pays farmers … Continued
Giving a major boost for the farmers’ income, the Cabinet Committee on Economic Affairs has approved the increase in the Minimum Support Prices (MSPs) for all kharif crops for 2018-19 Season. The Minimum Support Prices (MSPs) for all kharif crops of 2018-19 season have been increased as follows: Commodity Variety MSPfor 2017-18Season … Continued
The Cabinet Committee on Economic Affairs has approved the proposal for expanding the scope of Higher Education Financing Agency (HEFA) by enhancing its capital base to Rs. 10,000 crore and tasking it to mobilise Rs. 1,00,000 crore for Revitalizing Infrastructure and Systems in Education (RISE) by 2022. Details: In order to expand this facility to … Continued
What’s happening to the rupee? The rupee last week fell to an all-time low of 69.09 against the U.S dollar. The currency has fallen about 7.5% since the beginning of the year, making it the worst-performing currency in Asia. The fall has raised fears of a repeat of the currency crisis of 2013 when the … Continued
What is it? The increase in minimum support prices (MSPs) for paddy (per quintal), the crop most planted by farmers, in the 2018-19 rain-fed kharif season, from Rs 1,550 in the previous season. Why is it important? The Cabinet Committee on Economic Affairs approved a hike in MSP—the price at which the government buys from … Continued