EconomicGrowth Archives - Universal Group Of Institutions

20Feb 2025

UGI USER
Agriculture AgriDevelopment EconomicGrowth FoodSecurity GreenFarming Horticulture NutritionalSecurity RuralIndia SustainableLivelihoods
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Horticulture plays a pivotal role in ensuring nutritional security and sustainable livelihoods in rural India

“Horticulture plays a pivotal role in ensuring nutritional security and sustainable livelihoods in rural India.” Discuss the significance of horticultural development in promoting agricultural advancements and empowering farmers with knowledge and technology. Answer: Horticulture is a cornerstone of India’s agricultural sector, significantly contributing to nutritional security and the sustainable livelihoods of rural communities. The development …

20Feb 2025

India and Qatar Elevate Ties to Strategic Partnership

Why in the News? Qatar’s Amir Sheikh Tamim bin Hamad Al Thani’s visit to India marked a major diplomatic milestone, elevating bilateral ties to a Strategic Partnership. The nations aim to boost trade, energy cooperation, and investment, with Qatar committing $10 billion in India. Recent Developments: The State Visit of Qatar’s Amir, Sheikh Tamim bin …

19Feb 2025

UGI USER
Banking BankingReforms DepositInsurance EconomicGrowth FinanceNews FinancialSecurity GovernmentPolicy IndiaBanking MoneySafety RBI
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Government Plans to Increase Bank Deposit Insurance Coverage

Why in the news? The government is considering raising the deposit insurance limit beyond ₹5 lakh to enhance depositor protection. This follows RBI’s restrictions on New India Co-operative Bank due to governance concerns, highlighting the need for stronger financial security measures. Government’s Plan for Deposit Insurance: The Indian government is considering raising deposit insurance beyond …

19Feb 2025

UGI USER
AgriculturalProtectionism EconomicGrowth Economy FarmersRights GlobalTrade ImportTariffs IndiaExports IndiaTrade TariffImpact TradePolicy
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India’s High Import Tariffs Driven by Agricultural Protectionism

Why in the news? India’s average import tariff (17%) is the highest among BRICS nations and five times that of the U.S. (3.3%), mainly due to high agricultural tariffs. The U.S. is pushing for tariff reductions, impacting trade negotiations. India’s Import Tariff Structure India’s average import tariff in 2023 was 17%, significantly higher than the …

19Feb 2025

India, Qatar to Double Trade to $28BN in Next Five Years

Relevance: GS 2 – Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests Why in the News? India-Qatar Trade Expansion: India and Qatar have agreed to double bilateral trade to approximately $28 billion over the next five years. Diversification Beyond Hydrocarbons: Piyush Goyal emphasized that while India and Qatar share a …

17Feb 2025

India’s Middle Class 2.0: Challenges and Growth

Syllabus: GS-2: Important International Institutions GS-3: Growth & Development Focus: The rise of India’s middle class, driven by private sector growth, especially in IT and banking, has reshaped the employment landscape. However, structural challenges remain, particularly in manufacturing, income inequality, and informal sector jobs, which need to be addressed for inclusive growth. Rise of Private …

15Feb 2025

UGI USER
CurrencyReserves EconomicGrowth ForexMilestone ForexReserves IndiaEconomy IndiaFinance ReserveBankOfIndia
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India’s Forex Reserves Cross $638 Billion, Rise Continues

Why in the news? India’s forex reserves surged by $7.65 billion, reaching $638.26 billion as of February 7, marking the third consecutive week of growth. The increase was driven by foreign currency assets and gold reserves, while SDRs saw a slight decline. Significant Growth in Forex Reserves India’s foreign exchange reserves rose by $7.65 billion, …

14Feb 2025

Income-tax Bill, 2025: Simplifying India’s Direct Tax Framework

Syllabus: GS-3: Mobilization of Resources , Fiscal Policy Focus: The Income-tax Bill, 2025, introduced in the Lok Sabha, aims to replace the Income-tax Act, 1961, by removing outdated provisions, simplifying tax laws, and reducing litigation. It introduces clear tabular formats, eliminates redundant sections, and replaces the ‘Assessment Year’ with ‘Tax Year’, ensuring a more transparent …

14Feb 2025

UGI USER
CurrentAffairs Diplomacy EconomicGrowth GSPaper3 IndiaUSRelations PMUSAVisit StrategicPartnership UPSC2025 UPSCMains UPSCPreparation
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UPSC Paper: GS Paper III -PM’s Visit to USA

Question 4: How does the U.S.-India collaboration in technology and innovation impact India’s goal of becoming a global leader in emerging technologies? Discuss with reference to initiatives like U.S.-India TRUST and INDUS Innovation. UPSC Paper: GS Paper III 🔹 Syllabus Topic: Science and Technology – Developments and their applications and effects in everyday life; Indigenization …

14Feb 2025

UGI USER
CurrentAffairs Diplomacy EconomicGrowth GSPaper3 IndiaUSRelations PMUSAVisit StrategicPartnership UPSC2025 UPSCMains UPSCPreparation
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UPSC Paper: GS Paper III – PM’s Visit to USA

Question 3 :Discuss the significance of the U.S.-India defense partnership in the context of India’s national security and strategic autonomy. How does the new defense framework contribute to India’s self-reliance in defense manufacturing? UPSC Paper: GS Paper III 🔹 Syllabus Topic: Security challenges and their management in border areas; linkages of organized crime with terrorism …

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