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Syllabus: GS-3: Economics of Animal-Rearing Why in the news? The Ministry of Commerce revised gold import data for April-November 2024, correcting a significant error caused by technical glitches in data migration systems. This revision reduces gold import figures by $12 billion, influencing decisions on import duties and addressing concerns over trade deficits and smuggling. Background …
Read MoreSyllabus: GS-1: Important Personalities GS-2: Government Policies & Interventions Focus: Dr. Manmohan Singh, former Prime Minister of India, remains a key figure in India’s economic transformation, particularly for his role in liberalizing the economy in the 1990s. His legacy is often revisited due to his visionary ideas on economic reforms, inequality, and public policy. Early …
Read MoreSyllabus: Event of Current Importance Why in the News? Dr. Manmohan Singh, India’s former Prime Minister, and a key architect of economic liberalization, passed away at the age of 92. Known for his groundbreaking reforms in 1991 and his role in shaping India’s foreign policy, Dr. Singh’s contributions have left an indelible mark on India’s …
Read MoreSyllabus: GS-2: Government Policies & Interventions Focus: The growing trend of populist welfare schemes across Indian states is raising concerns about fiscal sustainability. As parties compete to offer financial handouts, it strains state budgets, undermines long-term economic growth, and hampers the development of essential infrastructure and services, prompting calls for policy reforms. Introduction: The Growing …
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