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CALL OF DUTY: INDIA NEEDS TO ENHANCE ITS COMPETITIVENESS Syllabus: GS 3: Effect of liberalization on the economy. Economic Competitiveness. Why in the News? India’s growing focus on productivity, global competitiveness, and economic resilience has gained renewed importance amid global geopolitical disruptions, particularly after the Iran-U.S. conflict and release of the State of India’s Competitiveness …
Read MoreDeregulation in focus, the bet is on entrepreneurs Why in the News? The deregulation reforms aim to free Indian industry from unnecessary, time-consuming, and complex regulatory procedures. It seeks to promote a trust-based regulatory framework instead of excessive compliance burdens. The initiative is designed to prepare India for the Free Trade Agreements (FTAs) currently under …
Read MoreIBC Amendment 2026 Passed to Strengthen Insolvency Framework Why in the News ? Parliament has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, aiming to resolve procedural delays, enhance transparency, and strengthen the insolvency framework. The reforms seek to improve resolution efficiency, creditor recovery, and overall financial system stability. Key Features and Amendments in …
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 MoreWhy in the News ? NITI Aayog and NCAER launched the States Economic Forum Portal, providing 30 years of state-wise data on social, economic, and fiscal indicators. The portal aims to enhance evidence-based policymaking, benchmarking states, and fostering healthy competition. About the NITI-NCAER States Economic Forum Portal: The NITI-NCAER States Economic Forum Portal was launched …
Read MoreWhy in the News ? The Parliament has completed the Union Budget 2025-26 process with the Rajya Sabha returning the Finance Bill 2025 to the Lok Sabha, including 35 amendments. This marks the conclusion of the annual budgetary exercise for the upcoming fiscal year. About the Parliamentary Approval of Union Budget 2025-26: The Parliament has …
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 mandate for a new economic approach has become pressing following recent electoral outcomes signalling discontent with economic conditions, particularly unemployment and inflation. These challenges underscore the need for strategic …
Read MoreRelevance: GS 2 – Bilateral, regional and global groupings and agreements involving India and/or affecting, India’s interests Why in the news? India withdrew from the Regional Comprehensive Economic Partnership (RCEP) negotiations in 2019. It took nearly two years for India to restart free trade negotiations with trading partners. Agreements with India and other countries The …
Read MoreSyllabus: GS 3 : Government budgeting Focus: India’s CAD has seen a notable decline, dropping from 2% of the GDP in Q3 2022-23 to a mere 1.2% in Q4 2023-24. Source: IE Significance: CAD serves as a pivotal indicator, reflecting a country’s external economic balance. A higher CAD often triggers concerns about potential rupee depreciation. …
Read MoreWhy in the news ? UNCTAD report reveals India’s growing trade reliance on China and the EU amidst global geopolitical shifts. About the Rising Reliance on China and EU: UNCTAD report highlights India’s increasing trade dependence on China and the European Union. Despite efforts to reduce reliance through schemes like PLI and QCOs, India’s dependence …
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