Economy

IMF raises India GDP forecast by 20 bps to 7% for FY25

Context: The International Monetary Fund (IMF) revised upward its projections for India’s GDP growth in the fiscal year 2024-25 (FY25)...

Doubling of Return on Foreign Currency Asset

Context: RBI said with interest rates rising in the US and other developed countries amid high inflation, the return, or...

Exports Stay in the Green Amid Logistics Challenges

Context: India’s exports saw gains in four of the top five destinations with a 6% increase to the US, 14%...

Dynamics of the Gig Economy

Context: Karnataka Platform-based Gig Workers (Social Security and Welfare) Bill, 2024 does not adequately address employment relationships in gig work,...

India’s Manufacturing Sector

Context: India’s urbanisation will move millions of agricultural workers to cities. Failure to create low-skilled jobs could strain governance, while...

Finalisation of New Producer Price Index (PPI) Model

Context:  Department for Promotion of Industry and Internal Trade (DPIIT) announced the finalisation of a new Producer Price Index PPI...

Digital Bharat Nidhi (DNB)

Context: The Department of Telecommunications (DoT) released draft rules to operationalise the Digital Bharat Nidhi, it would replace the erstwhile...

MEITY to Seek More Funds for Semiconductor Mission

Context: Ministry of Electronics and Information Technology (MeitY) is seeking additional funding from the Finance Ministry to further support semiconductor...

Balance of Payment

Context:RBI showed that India’s current account registered a surplus of 0.6% of GDP during the fourth quarter (Jan-Mar) of the...

Liquefied Natural Gas (LNG)

Liquefied Natural Gas (LNG)

Context: India’s liquefied natural gas (LNG) imports touched a near four-year high as gas-based power output jumps amid severe heatwave. ...

Advisory Committee on National Account Statistics

Advisory Committee on National Account Statistics

Context: The Union government recently reconstituted the Advisory Committee on National Accounts Statistics chaired by Bishwabnath Goldar.   About the...

86th Session of the Executive Committee of Codex Alimentarius Commission

Context: India’s Participation in the 86th Session of the Executive Committee of Codex Alimentarius Commission, which was held at the...

Draft Foreign Exchange Management Regulations, 2024

Context: Reserve Bank of India (RBI) introduced Draft Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2024 ...

Government plans a PLI scheme to boost critical mineral recycling and support the circular economy

Government plans a PLI scheme to boost critical mineral recycling and support the circular economy

Context: The Ministry of Mines is in the early stages of developing a Production Linked Incentive (PLI) program aimed at...

RBI’s surplus transfer to the Government

RBI’s surplus transfer to the Government

Context : RBI announced last month that it is transferring a sizable dividend to the government, significantly more than what...

Project Nexus

Project Nexus

Context: India’s Unified Payments Interface (UPI) and Fast Payments Systems (FPSs) of Malaysia, the Philippines, Singapore and Thailand will be...

Petrodollar

Petrodollar

Context: With the The 50-year-old petrodollar agreement between the US and Saudi Arabia expired commentators predicted the end of the...

Government to Amend MSME Development Act, 2006

Government to Amend MSME Development Act, 2006

Context: Ministry of Micro, Small, and Medium Enterprises (MSME) to amend MSME Development Act, 2006. More on News: The aim...

Currency Swap Arrangement

Currency Swap Arrangement

Context: The Reserve Bank of India (RBI) has decided to put in place a revised Framework on Currency Swap Arrangement...

Financial Action Task Force (FATF)

Financial Action Task Force (FATF)

Context: The Financial Action Task Force (FATF) said that India’s anti-money laundering and counter-terrorist financing (AML/CFT) regime is achieving “good...

53rd Goods and Services Tax (GST) Council Meeting

53rd Goods and Services Tax (GST) Council Meeting

Context: The GST Council convened after nearly nine months and deliberated on clarifications, tweaks, forbearances, and procedural changes based on...

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