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Why in the News? The Union Cabinet approved two ropeway projects under Parvatmala Pariyojana—Govindghat to Hemkund Sahib Ji (12.4 km) and Sonprayag to Kedarnath (12.9 km)—at a cost of ₹6,811 crore, aiming to improve accessibility and boost religious tourism. Highlights of the Project : The Union Cabinet has approved two major ropeway projects under the …
Read MoreWhy in the News? The Indian government released revised GDP estimates, significantly raising past growth figures. The FY24 GDP was revised from 8.2% to 9.2%, indicating stronger private consumption demand. These sharp revisions impact economic analysis and raise credibility concerns. Why Does the Government Revise GDP Estimates? GDP estimates are initially based on limited data …
Read MoreWhy in the News? The Indian government launched the ‘One Nation, One Port Process’ (ONOP) to standardize port operations, reduce inefficiencies, and enhance global trade competitiveness. Other initiatives, including the Sagar Ankalan LPPI Index and MAITRI platform, aim to modernize maritime infrastructure and streamline logistics. Launch of Key Maritime Initiatives: Union Minister Sarbananda Sonowal introduced …
Read More“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 …
Read MoreWhy 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 …
Read MoreWhy 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 …
Read MoreWhy 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 …
Read MoreRelevance: 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 …
Read MoreSyllabus: 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 …
Read MoreWhy 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, …
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