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GST 2.0: Reforming India’s Tax Regime for Competitiveness Syllabus: GS Paper – 3 Growth & DevelopmentConstitutional Bodies Why in the News ? On India’s 79th Independence Day, Prime Minister Narendra Modi announced GST 2.0, a next-generation reform focused on rate rationalization, simplification, compliance ease, and transparency. This aims to strengthen economic growth, reduce distortions, support …
Read MoreSyllabus: GS Paper – 2 Government Policies & Interventions GS Paper – 3 Inclusive GrowthGrowth & Development Why in the News ? August 2025 marks 20 years of MGNREGA, India’s landmark rural employment guarantee programme. Despite administrative challenges, wage stagnation, and reduced budgetary support, the scheme remains vital to rural livelihoods, poverty alleviation, and infrastructure …
Read MoreSyllabus: 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 MoreBeyond Repair: Recognising Informal Knowledge and Right to Remember in India’s Repair Ecosystem Syllabus: GS 2 ● Right to repair ● Electronics manufacturing Why in the News? India’s steps toward a formal “Right to Repair” and the launch of a repair portal are timely, but incomplete without acknowledging the informal, tacit knowledge that powers the …
Read MoreIndia’s Economic Health amid Global Comparison Debate Why in the News? Former U.S. President Donald Trump labelled India’s economy as “dead,” sparking debate. Despite being the fastest-growing major economy, India faces internal challenges in growth quality, manufacturing, inequality, and trade competitiveness, as highlighted by comparative IMF GDP data. Global GDP Comparison: India’s GDP grew from …
Read MoreIndia to Launch New GDP and CPI Series Why in News ? The Ministry of Statistics and Programme Implementation (MoSPI) will release a new GDP series with 2022–23 as the base year in February 2026, alongside updated IIP and CPI indices. It is also launching surveys on tourism expenditure and services. These updates aim to …
Read More5 Economic Time Bombs Ticking in India Right Now India is celebrated as the world’s fastest-growing major economy. The headlines showcase soaring stock markets, gleaming expressways, and record-breaking IPOs. Yet, beneath this surface lies a more complex reality—spiraling prices, job insecurity, and widening inequality that millions of Indians face daily. In the growing divide between …
Read MoreINDIA’S SERVICES PMI RISES TO 10-MONTH HIGH IN JUNE Why in the News? PMI Surge: India’s Services PMI, also known as the business activity index, rose to 60.4 in June, up from 58.8 in May, marking a ten-month high according to the latest S&P Global PMI survey conducted in collaboration with HSBC India. Domestic boost: …
Read MoreSURJIT BHALLA TO CHAIR TECHNICAL EXPERT GROUP ON HOUSEHOLD INCOME SURVEY Why in the News? First-ever survey: The National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), is set to conduct the first All-India Household Income Survey (IHS) tentatively scheduled for 2026 to estimate income distribution. Guidance group: A Technical Expert …
Read MoreIndia Reassesses US Market Strategy Amid China Tariffs: Implications for Indian Politics and Economy Why in the News? The US’s fresh tariff tweak on Chinese imports, including a proposed 55% levy, is prompting Indian policymakers to recalculate India’s export competitiveness. With India negotiating lower tariffs and China leveraging rare earth dominance, trade dynamics are rapidly …
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