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Syllabus: 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 …
Read MoreRelevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? The current discourse suggests that Pakistan has lower unemployment rates than India with assertions that a staggering 300 million individuals have exited India’s labor force, alongside youth unemployment figures peaking at 45 percent. …
Read MoreSalient Features of Indian Economy Strengths of Indian Economy Mixed Nature of Economy India’s economy is a blend of socialism and capitalism, integrating the efficiency and innovation of the private sector with the social welfare objectives of the public sector. This system has evolved significantly since the economic liberalization of the 1990s, which reduced government …
Read MoreWhy in the news? “India’s mining output growth slows to 1.2% in March, hinting at potential slowdown in overall industrial production.” source:TH About the Slowing Growth Trends: India’s mining output growth dropped to a 19-month low of 1.2% in March, down from 8% in February. This decline, signalling potential slowdown in overall industrial output, is …
Read MoreWhy in the news? April Flash PMI indicates rapid economic growth, with manufacturing and services sectors at highest levels in 14 years. source:eduprep About the April Flash PMI Indicates Acceleration in Economic Output: Combined output from India’s manufacturing and services sectors is projected to have grown at the quickest pace in nearly 14 years in …
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