🅾️What are the fundamentals of an economy?- Click here
🅾️🔰G= C+I+G+(X-M)-> C= will not rise to prepandemic level if govt doesnt help- even the growth we see now is because of base effect- i.e. Coming from negatives( because of last year lockdown) to positive- feels like a big growth but in reality it isnt- why?- it is still less when you compare it to pre pandemic levels.
🅾️So what is the article suggesting here? - increase the expenditure on I component not C. Because investment will create assets
✅The article also talks about Efficiency- ICOR- i.e. how much additional capital is required to produce one extra unit of the goods/ services. so naturally if this ratio is higher, it means one is wasting money- so review of the existing projects is good, but also focus on banking sector so that they exhibit more care while giving loans.
🅾️What are the fundamentals of an economy?- Click here
🅾️🔰G= C+I+G+(X-M)-> C= will not rise to prepandemic level if govt doesnt help- even the growth we see now is because of base effect- i.e. Coming from negatives( because of last year lockdown) to positive- feels like a big growth but in reality it isnt- why?- it is still less when you compare it to pre pandemic levels.
🅾️So what is the article suggesting here? - increase the expenditure on I component not C. Because investment will create assets
✅The article also talks about Efficiency- ICOR- i.e. how much additional capital is required to produce one extra unit of the goods/ services. so naturally if this ratio is higher, it means one is wasting money- so review of the existing projects is good, but also focus on banking sector so that they exhibit more care while giving loans.
Telegram has exploded as a hub for cybercriminals looking to buy, sell and share stolen data and hacking tools, new research shows, as the messaging app emerges as an alternative to the dark web.An investigation by cyber intelligence group Cyberint, together with the Financial Times, found a ballooning network of hackers sharing data leaks on the popular messaging platform, sometimes in channels with tens of thousands of subscribers, lured by its ease of use and light-touch moderation.
Traders also expressed uncertainty about the situation with China Evergrande, as the indebted property company has not provided clarification about a key interest payment.In economic news, the Commerce Department reported an unexpected increase in U.S. new home sales in August.Crude oil prices climbed Friday and front-month WTI oil futures contracts saw gains for a fifth straight week amid tighter supplies. West Texas Intermediate Crude oil futures for November rose $0.68 or 0.9 percent at 73.98 a barrel. WTI Crude futures gained 2.8 percent for the week.
UPSC Highlights issue explainer by Vikas kanukollu from ru
