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A CENTRAL BANK MUST NOT OVERREACH Syllabus: GS-3: Indian economy and issues Financing Why in the News? The Reserve Bank of India (RBI) announced a proposal to compensate victims of small-value cyber fraud using its Depositor Education and Awareness Fund, raising concerns over mandate overreach, institutional boundaries, and central bank accountability. CENTRAL BANK INDEPENDENCE ● …
Read MoreBASE YEAR REVISION OF KEY ECONOMIC INDICATORS Why in the News? Official Decision: Ministry of Statistics and Programme Implementation decided to revise GDP, CPI and IIP base years through a comprehensive statistical exercise. Release Timeline: New series timelines announced for GDP, CPI and IIP during February–May 2026. Global Alignment: Revision aligned with IMF’s SDDS standards …
Read MoreWhy in the News ? Union Minister Amit Shah launched Bharat Taxi, India’s first cooperative-based ride-hailing platform, aiming to empower drivers through ownership, zero commission, and enhanced social security, marking a major step in cooperative-led digital innovation and environmental democracy. Bharat Taxi: A Cooperative Alternative to Aggregators Bharat Taxi is India’s first ride-hailing platform owned …
Read MoreTHE BUDGET AND THE IMPERATIVE OF FISCAL CONSOLIDATION Syllabus: GS Paper – 3: Planning, Mobilization of Resources, Fiscal Policy WHY IN THE NEWS? The Union Budget 2026–27 was presented amid ambitious Viksit Bharat goals, slowing fiscal consolidation, cautious revenue projections, and new Finance Commission recommendations. While capital expenditure and technology-led growth received emphasis, concerns persist …
Read MoreIndia’s Orange Economy: Creativity Emerges as a New Growth Engine The Orange Economy, recently highlighted by Narendra Modi, refers to the creative economy—economic activities rooted in creativity, culture, ideas, and intellectual property. Unlike traditional industries driven by physical capital, the Orange Economy generates value through content creation and innovation. It includes sectors such as films, …
Read MoreBudget 2026–27: Betting Big on Industrial Growth While Walking the Tightrope of Fiscal Prudence Syllabus GS 3 ● Budget ● Industrial growth Why in the News Budget 2026–27 prioritises manufacturing-led growth, strategic industrial policy, MSME strengthening and infrastructure expansion while adhering to fiscal consolidation. It attempts to future-proof India against geopolitical disruptions, tariff wars and …
Read MoreIndia’s Tourism Growth Challenge Syllabus GS 3: Tourism Why in the News? Recently, India recorded only 5.6 million foreign tourist arrivals till August 2025, reflecting structural and perception challenges that limit the country’s tourism potential compared to regional competitors like Singapore and Thailand. Introduction India possesses unmatched natural beauty, ancient civilisation, and cultural depth, yet …
Read MoreIndia–EU Conclude Historic Comprehensive Free Trade Agreement Why in the News ? After negotiations spanning nearly two decades, India and the European Union have finalised their largest-ever Free Trade Agreement (FTA), covering goods, services, and strategic issues, significantly reshaping trade flows, market access, and geopolitical partnerships amid global economic uncertainty. Key Features and Economic …
Read MoreUN REPORT PEGS INDIA’S ECONOMIC GROWTH AT 7.4% IN 2025 Why in the News? UN projection: The United Nations has estimated India’s economic growth at 7.4% in calendar year 2025, considering environmental impact assessments in economic planning. Upward revision: The estimate marks a sharp upward revision from the UN’s earlier 6.3% forecast (September 2025), with …
Read MoreGOVT PEGS REAL GDP GROWTH AT 7.4% AMID TARIFF CONCERNS Why in the News? Official estimate: The Ministry of Statistics and Programme Implementation released the First Advance Estimates (FAE), pegging real GDP growth at 7.4% for FY 2025–26. Growth slowdown signal: Despite strong Q1 (7.8%) and Q2 (8.2%) performance, growth is expected to moderate in …
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