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Why in the news? The Union Budget for 2025-26 focuses on growth with increased capital expenditure, but concerns arise over falling tax revenues, AI infrastructure needs, and a shift from fiscal deficit to debt-GDP ratio, reducing transparency. Union Budget 2025-26: Key Takeaways Positive Aspects: GDP Growth Projections: Nominal GDP growth for 2025-26 is estimated at …
Read MoreSyllabus: GS-2: Indian Constitution , Government Policies & Interventions GS-3: Growth & Development ,Planning , Government Budgeting , Fiscal Policy , Inclusive Growth Focus: The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, focuses on India’s fiscal consolidation, tax reforms, and sectoral growth ambitions. However, concerns persist over the feasibility of revenue projections, execution …
Read MoreSyllabus: GS-3: Economics of Animal-Rearing Why in the news? The Ministry of Commerce revised gold import data for April-November 2024, correcting a significant error caused by technical glitches in data migration systems. This revision reduces gold import figures by $12 billion, influencing decisions on import duties and addressing concerns over trade deficits and smuggling. Background …
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