economic policy Archives - Universal Group Of Institutions
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20May 2025

Supreme Court Strikes Down Retrospective Environmental Clearances

Supreme Court Strikes Down Retrospective Environmental Clearances Why in the News? The Supreme Court recently invalidated the Centre’s 2017 notification and 2021 SOP allowing post-facto environmental clearances for projects that began without prior approval, citing violation of constitutional rights and environmental laws. Background on Centre’s Notification and SOP In 2017, MoEFCC allowed a one-time, six-month …

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20May 2025

Core Inflation Trends Shape RBI’s Rate Cut Decisions

Core Inflation Trends Shape RBI’s Rate Cut Decisions Why in the News? Core inflation, excluding volatile food and fuel prices, is rising while food inflation falls. This reversal influences the Reserve Bank of India’s approach to monetary policy and potential interest rate cuts. Inflation Trends and RBI’s Focus: Inflation was mainly driven by food prices …

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15May 2025

U.S. Budget Deficit Concerns Replace Tariff Worries

U.S. Budget Deficit Concerns Replace Tariff Worries Why in News ? Amid easing tariff tensions, the U.S. is witnessing renewed anxiety over its soaring fiscal deficit and debt burden, with projections showing rising deficits and strained revenue, triggering debates around tax cuts, spending reductions, and a looming debt ceiling crisis. Rising Fiscal Deficit and Debt …

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14May 2025

India Plans Retaliatory Tariffs on U.S. Imports

India Plans Retaliatory Tariffs on U.S. Imports Why in the News ? India has notified the World Trade Organization (WTO) of its plan to impose retaliatory tariffs on $7.6 billion worth of U.S. imports. This move comes in response to the U.S. imposing 25% duties on steel and aluminium imports. Background of the Tariff Dispute …

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05Apr 2025

US Tariffs on Uninhabited Islands Raise Eyebrows

Why in the News ? The US imposed a 10% tariff on imports from Australia-governed Heard and McDonald Islands, which have no trade activity. Experts are puzzled, calling it symbolic or erroneous, given the islands’ ecological value and status as a protected nature reserve. Background and Geopolitical Context: The US President recently imposed a 10% …

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22Mar 2025

Trump Pushes for Weaker Dollar to Cut Trade Deficit

Why in the News ? Donald Trump argues that the strong U.S. dollar worsens trade deficits and shifts manufacturing abroad. There is speculation about a “Mar-a-Lago Accord”, similar to the 1985 Plaza Accord, to devalue the dollar and boost U.S. exports. Trump’s Concerns Over the Strong Dollar: Donald Trump has long argued that the overvalued …

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21Feb 2025

Balancing Consumption and Investment for Sustainable Economic Growth

Syllabus: GS-2: Inclusive Growth , Growth & Development , Government Policies & Interventions GS-3: Conservation Focus: Recent economic data and policy discussions have highlighted concerns about India’s consumption-driven growth model. Experts emphasize the need for higher investment in infrastructure, manufacturing, and innovation to achieve long-term economic expansion, learning from China’s investment-led growth strategy. Understanding Economic …

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19Dec 2024

High Cost Of Financing: Why the Gold Bond Scheme Could End

Why in the news? Government Review: Sovereign Gold Bond (SGB) Scheme may be discontinued due to high fiscal financing costs. Policy Alignment: Budget 2024-25 reduced gold import duty, achieving the objective of boosting gold demand, initially addressed by SGBs. Market Adjustment: No SGB issuances have been made in the current financial year despite budget allocation …

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