Indian Economy Questions

The two most widely recognized tools used to influence a Nation's Economic activity are Monetary policy and Fiscal policy.

• Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks

• Fiscal policy is the collective term for the taxing and spending actions of governments.

The central government has said that India has emerged as the 3rd largest aviation market in the world with a passenger traffic of over 10 crore reported for 2016-17. This was stated by minister of state for civil aviation Jayant Sinha at a media event on the achievements of the ministry of civil aviation on the completion of three years of the NDA government.

India has been placed in the second spot in the renewable energy country attractiveness index by EY. The UK accountancy firm noted the fast pace of growth in Indian renewable energy in the past three years. Over 10 gigawatt (Gw) of solar power was added between 2015 and 2017 and wind energy capacity grew to 5.4 Gw in 2017-18. This growth is in the context of the government’s ambitious targets — 175 Gw of renewables by 2022, with 40 per cent installed capacity from renewables by 2030 — and the dramatic price falls in photovoltaic technology.

Ramdev promoted Patanjali Ayurveda and Reliance Jio have featured among the top 10 most influential brand in India, according to a study by the global research firm Ipsos.

Home grown Patanjali and Mukesh Ambani’s controlled Reliance Jio have bagged the fourth and ninth position, respectively. Interestingly, Patanjali and Reliance Jio made an impressive entry as they did not figure in the previous edition of the study.

Besides, Google has been ranked at the top slot while Microsoft and Facebook were ranked at number two and three, respectively. State Bank of India (SBI) being the only financial institution that made to the list, moved up four ranks to take the fifth position. E-commerce player Flipkart dropped three spots to take the tenth place while Amazon climbed couple of steps to take the sixth place. Other companies that made to the list include Samsung (7th) and Airtel (8th).