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INTER-STATE RIVALRY THAT IS FUELLING INDIA’S GROWTH Why in the News? Google recently announced plans to set up its largest Artificial Intelligence (AI) data centre outside California in Andhra Pradesh. The announcement was welcomed by Andhra Pradesh Chief Minister N. Chandrababu Naidu, who hailed it as a major investment win for the State. The move …
Read MoreGST 2.0 AND YOUTHFUL INDIA’S ECONOMIC FUTURE Syllabus: GS-3: ● Indian economy ● Taxation and reforms Why in the News? India has unveiled GST 2.0, a significant reform aimed at simplifying tax rates, easing burdens on essentials, and exempting critical services such as insurance. This step seeks to strengthen household purchasing power, boost consumption, empower …
Read MoreWhy in the news? The RBI’s Monetary Policy Committee (MPC) decided to keep the repo rate at 6.5%, marking the eighth consecutive hold. Focus:The decision aims to combat high inflation while supporting economic growth. source:scribd About Repo Rate: Definition: Interest rate at which the central bank lends to commercial banks for short periods. Purpose: Control …
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