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Syllabus: GS Paper – 3 Banking Sector & NBFCs, Monetary Policy, Growth & Development Why in the News? The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the RBI repo rate unchanged in its latest RBI MPC meeting decision, citing a neutral stance. Despite global headwinds like reciprocal tariffs by …
Read MoreIndia’s Role Recognised in Global Food Standards Why in the News ? India’s contribution to global food regulation was lauded during the 88th Codex Executive Committee meeting (CCEXEC 88) held in Rome. India’s long-standing leadership in millet standards and new work proposals for turmeric and broccoli were particularly appreciated, highlighting the country’s role as a …
Read MoreMSMEs: Powering India’s self-reliance and global economic rise Why in the News? India’s MSME sector has emerged as a cornerstone of economic transformation, contributing significantly to GDP, employment, exports, and self-reliance. Its role in powering Atmanirbhar Bharat, enhancing global competitiveness, and expanding manufacturing makes it vital to India’s journey toward becoming a $5 trillion economy …
Read MoreMADE IN CHINA 2025 ALARMS WEST Syllabus: GS- 2: International Relations (India-China, WTO, technology sovereignty) GS- 3: Economy (industrial policy, manufacturing, trade), S&T (AI, EVs, 5G) Focus: The Made in China 2025 (MIC25) initiative marks its 10th anniversary, with global assessments revealing its remarkable achievements in transforming China’s manufacturing landscape. This ambitious plan for China …
Read MoreIndia Plans Trade Retaliation Over US Tariffs Why in the News ? India has formally notified the WTO of its intent to suspend concessions to the US following steep tariffs imposed by Washington on steel and aluminium. The US has rejected India’s notice, claiming the tariffs are national security measures, not safeguards. Background of the …
Read MoreWhy in News? The Lok Sabha passed the Carriage of Goods by Sea Bill, 2024, replacing the 1925 Act to modernize maritime regulations. The Bill simplifies laws, aligns with international standards, and promotes ease of doing business in shipping. About the Purpose and Key Features of the Bill: Lok Sabha passed the Carriage of Goods …
Read MoreWhy in the news? EEPC India urged the government to restore the Interest Equalisation scheme for all exporters and increase MSME benefits. The scheme’s benefits lapsed last month, except for MSMEs, which received an extension for two more months. About EEPC India: Establishment: EEPC India was set up in 1955. Sponsorship: It is sponsored by …
Read MoreSyllabus: GS-2- Bilateral relation of India with its neighbours , Chinese hegemony and impact on balance of power in the world Focus : The article focuses on Chinese President Xi Jinping’s strategic visit to Europe, emphasizing his objectives to prevent the EU from aligning too closely with the U.S., avert a trade standoff, and bolster …
Read MoreIntroduction and Evolution Timeline of the WTO Establishment of GATT and ITO The General Agreement on Tariffs and Trade (GATT) was founded in 1947 as the cornerstone of the multilateral trading system. The foundation of GATT was laid during the Bretton Woods Conference in 1944, alongside the establishment of the International Monetary Fund (IMF) and …
Read MoreRelevance: GS 2 – Bilateral, regional and global groupings and agreements involving India and/or affecting, India’s interests; Effect of policies and politics of developed and developing countries on India’s interests. Why in the news? India should not tailor its ties with Iran to U.S. foreign policy changes. Eight years after concluding the general framework of …
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