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Syllabus: GS-3- Free and Fair Trade , WTO , Implications and Challenges for India , Related Solutions Focus : The article focuses on India’s counterproductive trade policy barriers, particularly high tariffs on electronic components and textiles, and the need for a strategic overhaul. It highlights the Confederation of Indian Industry’s recommendations for reducing tariffs, encouraging …
Read MoreSyllabus: GS-3- Sustainable economic growth , policies and implementation ,Challenges and prospective solutions Focus : The article discusses the necessary steps the incoming Indian government should take to ensure rapid economic growth through sustainable and inclusive development. It emphasizes the need to address agricultural employment, boost consumption, improve infrastructure, enhance manufacturing, and leverage technology while …
Read MoreWhy in the news? India’s manufacturing sector growth eased in May for the second consecutive month but remained in expansion mode, with the HSBC India Manufacturing PMI falling from 58.8 in April to 57.5, signaling a slower but substantial improvement. Global sales surged to the strongest level in over 13 years, indicating robust demand, despite …
Read MoreIntroduction The Finance Commission in India is a constitutional body responsible for allocating financial resources between the central government and the States. It promotes fiscal stability, fiscal autonomy for States, and the equalization of public services. Established under Article 280 of the Indian Constitution, it operates on a five-year cycle, impacting fiscal relations significantly and …
Read MoreWhy in the news? The Centre of Indian Trade Unions (CITU) is questioning the delay in publishing the All India Consumer Price Index for Industrial Workers (AICPI-IW) for February and March. CITU is urging the Labour Ministry to release the AICPI-IW data promptly, as it’s crucial for regulating wages and policy formulations. Source:KeyDiffer About All …
Read MoreLand reforms represent a fundamental shift in the governance and utilization of land, aimed at benefiting the broader community and fostering a more equitable and productive agricultural sector. These reforms are multifaceted, targeting the redistribution of land, legalizing tenancy, empowering marginalized groups, and enhancing agricultural productivity. Definition and Purpose Land reforms encompass a broad spectrum …
Read MoreSYLLABUS: GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Focus: The recent changes to the definition of Micro, Small, and Medium Enterprises (MSMEs) in India have sparked a critical debate on the fairness and effectiveness of this classification. The recent changes to the definition of Micro, Small, …
Read MoreWhy in the news? RBI raises concerns over alleged unethical practices in asset reconstruction companies (ARCs). ARCs urged to prioritise governance and ethical conduct. Conference organised in Mumbai to address these issues. source:scribd About Asset Reconstruction Company (ARC): Specialised financial institution acquiring and managing distressed assets like NPAs. Banks offload troubled loans to ARCs at …
Read MoreWhy in the news? Only 17% of cases under the Insolvency and Bankruptcy Code (IBC) yielded a resolution plan. Post-National Company Law Tribunal (NCLT) admission, the majority of cases were withdrawn. Liquidation for 960 corporate debtors was completed, but creditors realised only 4% of their total admitted claims. source:slideshare About The Insolvency and Bankruptcy Code …
Read MoreWhy in the news? India’s wholesale price inflation hit a 13-month high of 1.26% in April, up from 0.53% in March. The increase was driven by a surge in food prices and a 1.4% rise in fuel and power prices after 11 months of deflation. Prices of primary food articles rose to 7.74% in April, …
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