Forwarded from CSE Prelims 2021
🛑Capital Conservation Buffer🛑
✅ Why was in the news?
As per the notification issued in January 2019 RBI decided to defer the implementation of the last tranche of 0.625 per cent of CCB from March 31, 2019 to March 31, 2020.
✅ What is capital conservation buffer (CCB)?
CCB is a relatively new concept, introduced under the international Basel III norms. The concept says that during good times, banks must build up a capital buffer that can be drawn from when there is stress.
In India, the minimum capital requirement is 9 per cent.
The CCB would be 2.5 percentage points over and above the minimum capital requirement
✅ Why is it important?
In simple terms, this is savings for the future as this capital can be drawn when a bank is incurring losses.
Since it is a buffer, or extra capital, banks’ minimum capital is not violated.
The CCB is being implemented in a phased manner of 0.625 per cent per year from January 1, 2016.
The final phase is now delayed by a year, till March 31, 2020.
✅ Why was the CCB introduced?
India follows the international Basel III norms, and the CCB is an integral part of those norms.
After the credit crisis of 2008 the CCB concept gained attention, when large banks witnessed their capital eroding at a fast phase.
The CCB was aimed to cover for their losses on risky investments.
The Basel Committee on Banking Supervision released its capital buffer norms wherein two kinds of structures were introduced — one, the CCB, and the other was countercyclical capital buffers.
The Reserve Bank of India (RBI) has decided to implement both.
✅ Is there a penalty if a country fails to implement CCB norms in its entirety?
Basel norms are a standard set of rules, and it is left to the individual country to implement the norms at a pace that is suitable to it.
However there won’t be any penalty for not attaining CCB norms.
However, in a connected world, the sooner a bank become international norm compliant, the better it is poised to raise funds and expand operations overseas.
#Economics #Banking #Prelims
#Facts_for_prelims
✅ Why was in the news?
As per the notification issued in January 2019 RBI decided to defer the implementation of the last tranche of 0.625 per cent of CCB from March 31, 2019 to March 31, 2020.
✅ What is capital conservation buffer (CCB)?
CCB is a relatively new concept, introduced under the international Basel III norms. The concept says that during good times, banks must build up a capital buffer that can be drawn from when there is stress.
In India, the minimum capital requirement is 9 per cent.
The CCB would be 2.5 percentage points over and above the minimum capital requirement
✅ Why is it important?
In simple terms, this is savings for the future as this capital can be drawn when a bank is incurring losses.
Since it is a buffer, or extra capital, banks’ minimum capital is not violated.
The CCB is being implemented in a phased manner of 0.625 per cent per year from January 1, 2016.
The final phase is now delayed by a year, till March 31, 2020.
✅ Why was the CCB introduced?
India follows the international Basel III norms, and the CCB is an integral part of those norms.
After the credit crisis of 2008 the CCB concept gained attention, when large banks witnessed their capital eroding at a fast phase.
The CCB was aimed to cover for their losses on risky investments.
The Basel Committee on Banking Supervision released its capital buffer norms wherein two kinds of structures were introduced — one, the CCB, and the other was countercyclical capital buffers.
The Reserve Bank of India (RBI) has decided to implement both.
✅ Is there a penalty if a country fails to implement CCB norms in its entirety?
Basel norms are a standard set of rules, and it is left to the individual country to implement the norms at a pace that is suitable to it.
However there won’t be any penalty for not attaining CCB norms.
However, in a connected world, the sooner a bank become international norm compliant, the better it is poised to raise funds and expand operations overseas.
#Economics #Banking #Prelims
#Facts_for_prelims
#GS_2 #GS_3
#Health #Corona_Virus #nCoV
#Economics
Read the effect of this Global Health Outbreak on global economy. This can also be quoted as the negative effect of Globalization that how this Global outbreak spreads rapidly due to increased contact
#Health #Corona_Virus #nCoV
#Economics
Read the effect of this Global Health Outbreak on global economy. This can also be quoted as the negative effect of Globalization that how this Global outbreak spreads rapidly due to increased contact
Many aspirants asked me about sources of #Economics. From my side, I would suggest Mrunal Patel lectures with SriRam IAS Notes. That will be more than sufficient. Apart from this you can refer some websites viz.
https://www.investopedia.com/
https://vikaspedia.in
https://www.indianeconomy.net/
Budget speech is a must listen. Read the gist of Budget and Economic Survey of any coaching institutes.
UPSC asks Questions from Economics, that demands conceptual clarity as well as grip on Current Affairs.
I made a 10-page notes which contains all the keywords of concept. You too, should keep your notes as concise as possible, because lengthy notes are difficult to revise.
Apart from this, you must attempt the previous year questions, that will give you better insight about what to read and what not to read. I upload MCQs on @mcqs4prelims.
That's all from my side for Economics.
Happy Reading.
📩 @prep4upscbot.
https://www.investopedia.com/
https://vikaspedia.in
https://www.indianeconomy.net/
Budget speech is a must listen. Read the gist of Budget and Economic Survey of any coaching institutes.
UPSC asks Questions from Economics, that demands conceptual clarity as well as grip on Current Affairs.
I made a 10-page notes which contains all the keywords of concept. You too, should keep your notes as concise as possible, because lengthy notes are difficult to revise.
Apart from this, you must attempt the previous year questions, that will give you better insight about what to read and what not to read. I upload MCQs on @mcqs4prelims.
That's all from my side for Economics.
Happy Reading.
📩 @prep4upscbot.
PREP 4 UPSC
Many aspirants asked me about sources of #Economics. From my side, I would suggest Mrunal Patel lectures with SriRam IAS Notes. That will be more than sufficient. Apart from this you can refer some websites viz. https://www.investopedia.com/ https://vikaspedia.in…
ECO-500 MCQ VIVEK SINGH(1).pdf
4.7 MB
For #Economics MCQs, You may refer this for practice, this PDF contains 500 MCQs with detailed notes and explanations including conceptual and current affairs both.
Thanks to Vivek Singh sir for this compilation.
Thanks to Vivek Singh sir for this compilation.
Forwarded from PREP 4 UPSC
Many aspirants asked me about sources of #Economics. From my side, I would suggest Mrunal Patel lectures with SriRam IAS Notes. That will be more than sufficient. Apart from this you can refer some websites viz.
https://www.investopedia.com/
https://vikaspedia.in
https://www.indianeconomy.net/
Budget speech is a must listen. Read the gist of Budget and Economic Survey of any coaching institutes.
UPSC asks Questions from Economics, that demands conceptual clarity as well as grip on Current Affairs.
I made a 10-page notes which contains all the keywords of concept. You too, should keep your notes as concise as possible, because lengthy notes are difficult to revise.
Apart from this, you must attempt the previous year questions, that will give you better insight about what to read and what not to read. I upload MCQs on @mcqs4prelims.
That's all from my side for Economics.
Happy Reading.
📩 @prep4upscbot.
https://www.investopedia.com/
https://vikaspedia.in
https://www.indianeconomy.net/
Budget speech is a must listen. Read the gist of Budget and Economic Survey of any coaching institutes.
UPSC asks Questions from Economics, that demands conceptual clarity as well as grip on Current Affairs.
I made a 10-page notes which contains all the keywords of concept. You too, should keep your notes as concise as possible, because lengthy notes are difficult to revise.
Apart from this, you must attempt the previous year questions, that will give you better insight about what to read and what not to read. I upload MCQs on @mcqs4prelims.
That's all from my side for Economics.
Happy Reading.
📩 @prep4upscbot.
Forwarded from PREP 4 UPSC
ECO-500 MCQ VIVEK SINGH(1).pdf
4.7 MB
For #Economics MCQs, You may refer this for practice, this PDF contains 500 MCQs with detailed notes and explanations including conceptual and current affairs both.
Thanks to Vivek Singh sir for this compilation.
Thanks to Vivek Singh sir for this compilation.
👍1
#GS_3
#Economics #GDP #Reforms
🔹Read about Economic situation and ways to improve it.
🔹What is deregulation, trade-offs, strategic funding?
@prep4upsc
#Economics #GDP #Reforms
🔹Read about Economic situation and ways to improve it.
🔹What is deregulation, trade-offs, strategic funding?
@prep4upsc
👍1
#GS_3
#Economics
✅ The rupee is under pressure. In the last one year, it depreciated by over 10%. Many editorials have been written for it.
✅ As per article, the rupee is falling on account of two factors. The first is the widening current account deficit, mainly owing to the rise in the price of oil triggered by the Ukraine war. And the second is capital outflows, driven by a strengthening dollar on the back of aggressive rate hikes by the U.S. Federal Reserve.
✅ Deepened financial globalisation and the continuing hegemony of the dollar is a major issue of geoeconomics. What steps should be taken by Indian Govt to internationalise Rupee to tackle this issue?
✅ Read about taper tantrum, real effective exchange rate (REER).
🔗➖ @prep4upsc
#Economics
✅ The rupee is under pressure. In the last one year, it depreciated by over 10%. Many editorials have been written for it.
✅ As per article, the rupee is falling on account of two factors. The first is the widening current account deficit, mainly owing to the rise in the price of oil triggered by the Ukraine war. And the second is capital outflows, driven by a strengthening dollar on the back of aggressive rate hikes by the U.S. Federal Reserve.
✅ Deepened financial globalisation and the continuing hegemony of the dollar is a major issue of geoeconomics. What steps should be taken by Indian Govt to internationalise Rupee to tackle this issue?
✅ Read about taper tantrum, real effective exchange rate (REER).
🔗➖ @prep4upsc
❤2👍2🔥1👏1🤩1
#GS_3 #Economics
In a changing world, read that what should be the priorities of the businesses.
Keywords
✅ G-20
✅ B20 Global Institute
✅ Global South
✅ Jan Dhan Yojana
✅ World Trade Organisation
🔗 @prep4upsc
In a changing world, read that what should be the priorities of the businesses.
Keywords
✅ G-20
✅ B20 Global Institute
✅ Global South
✅ Jan Dhan Yojana
✅ World Trade Organisation
🔗 @prep4upsc
#GS_3 #Economics #Environment
✅ PM E-DRIVE scheme (replaced FAME II)
✅ Role of Private sector in e-bus push
✅ FAME I India scheme (2015-2019)
✅ FAME II India scheme (2019-2024)
✅ Battery as a Service (BaaS)
✅ National Electric Mobility Mission Plan
@prep4upsc
Read about
✅ PM E-DRIVE scheme (replaced FAME II)
✅ Role of Private sector in e-bus push
✅ FAME I India scheme (2015-2019)
✅ FAME II India scheme (2019-2024)
✅ Battery as a Service (BaaS)
✅ National Electric Mobility Mission Plan
@prep4upsc
❤1
#GS_3 #Economics #Environment
✅ Anusandhan National Research Foundation
✅ BioE3 policy
✅ Academia-industry partnership for the bioeconomy
✅ National Mission on Edible Oils-Oil Palm
✅ No Deforestation, No Peat, No Exploitation Policy
@prep4upsc
Read about
✅ Anusandhan National Research Foundation
✅ BioE3 policy
✅ Academia-industry partnership for the bioeconomy
✅ National Mission on Edible Oils-Oil Palm
✅ No Deforestation, No Peat, No Exploitation Policy
@prep4upsc
❤1