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Flexible Inflation Targeting Needs Careful Future Calibration Syllabus: GS Paper – 3 Monetary Policy Growth & Development , Fiscal Policy Why in the News ? India’s Flexible Inflation Targeting (FIT) framework, which mandates maintaining 4% inflation with a ±2% band, is due for review in March 2026. The RBI’s new discussion paper raises key questions …
Read MoreUnderstanding Public Finance Public finance is a crucial branch of economics that deals with the assessment of government revenue and expenditures. It aims at modifying these financial activities to achieve desirable outcomes and avoid adverse effects. This field covers the management of public money, including aspects such as the money a government receives, spends, borrows, …
Read MoreIntroduction The Context of Independence In 1947, when the British colonial rule came to an end in India, the nation was left to chart its own course toward development and prosperity. The end of colonialism brought about a sense of freedom and autonomy; however, it also unveiled the multitude of challenges that lay ahead for …
Read MoreWhy in the news? Climate risks to inflation highlighted by RBI officials amidst extreme weather events and geopolitical tensions. source:worldnews About the Climate Risk and WMO’s Alert: RBI officials, including Deputy Governor Michael D. Patra, warn of inflation risks due to extreme weather events and geopolitical tensions. They highlight the World Meteorological Organization’s (WMO) red …
Read MoreRelevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? Investment in energy transition is driving India towards a green and sustainable future. Female empowerment initiatives and Digital public infrastructure development is playing a key role in India’s progress. India’s development showcases the …
Read MoreSyllabus: GS 3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Inclusive Growth and issues arising from it. Focus: The article discusses the current state of the Indian economy, highlighting its robust growth, challenges, and the need for sustainable and inclusive development. With recent economic data releases showing promising …
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