Economy

RBI is leveraging AI to crack down on ‘mule bank accounts’

Context: The Reserve Bank of India (RBI) is leveraging artificial intelligence (AI) to combat the growing issue of “mule” bank...

Decoupling Economic Growth from Emissions: India’s Path to Sustainability

Context: India’s rapid economic growth over the past decades has been accompanied by increasing greenhouse gas (GHG) emissions. However, the...

India’s Manufacturing Transformation: The Role of the PLI Scheme

Context: India’s journey to becoming a global manufacturing powerhouse is gaining momentum, thanks to strategic policy initiatives like the Production-Linked...

PLI Scheme for Semiconductors

Context: Launched in December 2021 with an allocation of ₹76,000 crore (~US$ 10 billion), the Production Linked Incentive (PLI) scheme...

Bitcoin Crosses $100K: A Historic Milestone in Cryptocurrency

Context: Bitcoin has reached a historic price of $100,000, marking a significant moment for the cryptocurrency market. This surge reflects...

FII Outflow from India

Context: Foreign investors are currently shifting capital away from India, redirecting it towards markets such as China, South Korea, Japan,...

Tax Simplification and Rationalisation

Tax Simplification and Rationalisation

Context: The Indian government has set up a committee, led by V.K. Gupta, Chief Commissioner of Income Tax, to review...

The Middle-Income Trap

The Middle-Income Trap

Context: The World Development Report 2024, authored by the World Bank, highlights a critical challenge facing many economies i.e. the...

UNDP to Work with NITI Aayog on Sustainable Development

UNDP to Work with NITI Aayog on Sustainable Development

Context-UNDP to Work with NITI Aayog The United Nations Development Programme (UNDP) is set to collaborate with India’s NITI Aayog...

Tax Devolution

Tax Devolution

Context: The central government has released Rs 1.78 trillion to states in tax devolution, including an advance instalment of Rs...

Risks and Challenges for India

Context: The Finance Ministry’s latest review of the Indian economy showed optimism that India could achieve the Economic Survey’s projected...

Textile Industry Struggling to Perform Better

Textile Industry Struggling to Perform Better

Context: According to the Union Minister for Textiles the Indian textile and apparel sector is targeting $350 billion annually by...

European Union’s Carbon Tax

European Union’s Carbon Tax

Context: India’s Finance Minister recently criticised the European Union’s Carbon Border Adjustment Mechanism (CBAM) as “unilateral and arbitrary,” asserting that...

Brazil Passes ‘Fuel of the Future’ law to boost Sustainable Aviation

Brazil Passes ‘Fuel of the Future’ law to boost Sustainable Aviation

Context: Brazil has approved the “Fuel of the Future” law, which promotes the production and use of Sustainable Aviation Fuels...

RBI Maintains Status Quo on Interest Rate MPC

Context: The Reserve Bank of India’s Monetary Policy Committee (MPC) convened from October 7 to 9, 2024, to review the...