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CBDT Strengthens Crypto Tax Reporting Through OECD Framework Alignment Why in the News ? The Central Board of Direct Taxes (CBDT) has issued a comprehensive Guidance Note on crypto-asset reporting, aligning India’s tax framework with the OECD’s Crypto-Asset Reporting Framework (CARF). The move aims to improve tax compliance, curb evasion, and enable automatic exchange of …
Read MoreTO FIX UNEMPLOYMENT, FIX THE ECONOMY FIRST Syllabus: GS 3: Inclusive Growth Economic and Social Reforms Why in the News? India continues to face the challenge of high youth unemployment, jobless growth, and the emerging impact of Artificial Intelligence (AI) on employment. The debate has shifted beyond education and skill development to the need for …
Read MoreRising Inflation Reflects Supply Shocks And Cost Pressures Nationwide Why in the News ? India has witnessed a sharp rise in Wholesale Price Index (WPI) inflation, driven mainly by higher crude oil prices influenced by strategic competition between major economies including US and China, and food supply disruptions caused by weak monsoon conditions. The trend …
Read MoreINDIA’S TRADE DEFICIT WIDENS SHARPLY IN JUNE 2026 Why in the News? Trade Deficit Rise: India’s trade deficit surged over fourfold to $15.3 billion in June 2026, mainly due to a sharp rise in imports of crude oil, gold, and electronics, reflecting growing economic interdependence with major suppliers including US and China. Export Growth: Despite …
Read MoreLok Sabha Passes Manipur GST Reform Bill Why in the News ? The Lok Sabha has passed the Manipur Goods and Services Tax (Second Amendment) Bill, 2025, replacing an existing Ordinance. The session saw repeated disruptions as the Opposition demanded a debate on the ongoing Special Intensive Revision (SIR) of electoral rolls across several States. …
Read MoreINDIA’S IT DREAM IS AT A CROSSROADS Why in the news? The Indian IT sector’s journey is not coming to an end — it is undergoing a transformation. ● This period of change may bring challenges and discomfort, but it also holds the potential for meaningful progress. ● However, the once-bright dream of the IT …
Read MoreUnderstand contractionary fiscal policy—how governments use spending cuts and tax hikes to control inflation and manage the economy. Explore its objectives, real-world applications, and impact on aggregate demand for UPSC GS3 Economics.
Read MoreIndia’s Role in New World Order Syllabus GS 2: India and its neighbourhood Why in the News? Recently, debates have intensified over the changing global economic order, driven by the U.S.-China rivalry, new trade ecosystems, and rising populist-autocracies, creating opportunities for India to reshape global economic and strategic frameworks. Introduction Recently, the global economic order …
Read MoreAnalyze major issues in APMC markets—middlemen, market fees, poor infrastructure, and limited farmer access—impacting farm incomes and rural development. Essential for UPSC GS Paper 3, this topic covers the intersection of agricultural policy, economics, and farmer welfare.
Read MoreFood security is achieved when everyone has consistent access to sufficient, nutritious food through availability, access, utilisation, and stability. Understanding these key pillars is crucial for GS Paper 3 (Economy) in UPSC preparation.
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