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Why in the news? New Zealand’s government plans to introduce legislation to lift the ban on offshore petroleum exploration, aiming to stimulate investment in the country’s oil and gas sector. The proposed bill seeks to overturn the ban implemented in 2018, except for exploration in the energy-rich Taranaki region, signaling a shift in New Zealand’s …
Read MoreSyllabus: GS-3-Budget from new government , Interim budget , Vote on account ,Implications for people and government. Focus: The article outlines the expected approach of the NDA 3.0 government in its first budget, emphasizing policy continuity, fiscal correction, and growth support through capital expenditure. Revenue mobilization strategies, social security agenda, and structural reforms are highlighted …
Read MoreSyllabus: GS-3- Start up ecosystem in India, employment issues and growth of economy Focus : The article focuses on the need for India to strengthen its start up ecosystem through self-regulation, enhanced domestic funding, updated educational curricula, gender inclusivity, and supportive government policies. By addressing these key areas, India aims to become a global leader …
Read MoreSyllabus: GS-2: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Why in the news? Decline in agricultural imports by 8% in 2023-24. Government liberalizes pulses at zero duty to control inflation. Need for integrating trade policy with MSP highlighted. source:slideshare Focus: Effective trade policies, particularly import liberalization, need to …
Read MoreSyllabus: GS-3- RBI and its functions , Monetary policy of India Focus : The article focuses on the Reserve Bank of India’s record surplus transfer of ₹2.11 lakh crore to the Union Government for 2023-24. This substantial financial boost provides the new government with significant fiscal flexibility, enabling increased capital spending, bridging fiscal deficits, and …
Read MoreSyllabus: GS 2: Bilateral, Regional and Global Groupings and Agreements involving India and/or affecting India’s interests. Effect of Policies and Politics of Developed and Developing Countries on India’s interests, Indian Diaspora. Why in the News? This article is in the news because the expiration of the U.S. Generalised System of Preferences (GSP) programme in 2020 …
Read MoreWhy in the news? India’s wholesale price inflation hit a 13-month high of 1.26% in April, up from 0.53% in March. The increase was driven by a surge in food prices and a 1.4% rise in fuel and power prices after 11 months of deflation. Prices of primary food articles rose to 7.74% in April, …
Read MoreThe Vital Role of Infrastructure in Economic Development Infrastructure represents the fundamental physical systems and facilities that underpin the functioning of a society, including its economy. Renowned economist Dr. V.K.R.V. Rao emphasizes the continuous relationship between infrastructure and development, suggesting that infrastructure is not just a prerequisite for economic growth but a concurrent element that …
Read MoreMeaning of Central Bank A central bank is the primary financial institution of a country responsible for managing the nation’s monetary policy and regulating its banking system. Unlike commercial banks, a central bank has the exclusive authority to expand the nation’s monetary base. Central banks worldwide are tasked with ensuring the stability of the financial …
Read MoreIntroduction The concept of progress within the realm of economics has undergone significant evolution over time. Initially, the term “progress” was predominantly used to describe advancements in the economic sector. This term broadly encapsulated improvements in the economic conditions of a country or region, without much differentiation in the nuances of economic change. However, as …
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