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Deputy Speaker Vacancy Raises Constitutional Concerns Why in the News? The Deputy Speaker’s post in Lok Sabha has remained vacant since 2019, raising constitutional and democratic concerns. Despite Article 93 mandating early election, the government has shown reluctance in the election of Deputy Speaker, sparking debates on the erosion of parliamentary norms and Opposition exclusion. …
Read MorePOVERTY DECLINES, GDP GROWTH DRIVES CHANGE Syllabus: GS-3: ● Indian Economy ● Poverty and related issues Why in the News? The recent Household Consumption Expenditure Survey (2022–23) and National Statistical Office (NSO) estimates for 2023–24 indicate a significant reduction in poverty and consumption inequality in India. The poverty rate in India 2022 fell into single …
Read MoreWhy in the news? The prices of vegetarian and non-vegetarian food plates have surged, reaching six and seven-month highs in June, respectively. CRISIL’s food cost tracker highlights significant inflation in key ingredients such as tomato, onion, potato, rice, and pulses, with official food inflation at 8.7% in May. Source: Forbes Key Developments The average cost …
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: Indian Economy and issues relating to Planning, Mobilization of Resources. Effects of Liberalization on the Economy. Why in the News? The Reserve Bank of India (RBI) is unlikely to lower interest rates before October due to persistent high inflation, despite strong economic growth. The RBI’s focus remains on achieving its medium-term inflation …
Read MoreSyllabus: GS-3- Sustainable economic growth , policies and implementation ,Challenges and prospective solutions Focus : The article emphasizes the need for the new government to focus on stimulating consumer demand to sustain India’s economic growth. While public investment and premium consumption have driven recent growth, broad-based demand, particularly in the private sector, remains weak. The …
Read MoreSyllabus: GS-3- Sustainable economic growth , policies and implementation ,Challenges and prospective solutions Focus : The article discusses the necessary steps the incoming Indian government should take to ensure rapid economic growth through sustainable and inclusive development. It emphasizes the need to address agricultural employment, boost consumption, improve infrastructure, enhance manufacturing, and leverage technology while …
Read MoreEconomic reforms refer to the significant policy shifts that a country undergoes to transform its economic structure, usually from a predominantly state-controlled or planned economy to a market-oriented economy. These reforms are typically characterized by liberalization, privatization, deregulation, and globalization. They aim to enhance the efficiency and competitiveness of the economy, attract foreign investment, stimulate …
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 MoreSyllabus: GS 3: Indian Economy and issues . Taxation and Tax reforms Government Budgeting Policy Transformation Why in the News? Recent tax data revealing a surge in personal income tax collections and a decline in corporate tax revenues have sparked discussions on India’s tax system’s fairness and effectiveness. The shift towards greater reliance on personal …
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