India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
THREE KEY LESSONS FROM INDIA’S DEMONETIZATION EXPERIENCE WHY IN THE NEWS ? Historical Context: November 2016 marked the announcement of demonetization, when the government withdrew ₹500 and ₹1,000 currency notes, accounting for nearly 86% of currency in circulation. Policy Reflection: A decade later, the episode offers important lessons regarding policymaking, institutional autonomy and economic formalisation …
Read MoreFlexible Inflation Targeting Needs Careful Future Calibration Syllabus: GS Paper – 3 Monetary Policy Growth & Development , Fiscal Policy Why in the News ? India’s Flexible Inflation Targeting (FIT) framework, which mandates maintaining 4% inflation with a ±2% band, is due for review in March 2026. The RBI’s new discussion paper raises key questions …
Read MoreWhy in the News? The RBI’s latest report on the Quality of Public Expenditure (QPE) Index highlights improved fiscal management in India. It assesses capital and revenue spending trends since 1991, showing better public expenditure quality, especially with a focus on capital investment post-COVID-19. Context & Background: The Reserve Bank of India (RBI) has developed …
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 …
Read More
