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Why in the news? Knight Frank survey reports India’s 13.3 million sq. ft. of ‘ghost shopping infrastructure’ across 29 cities, leading to $798 million loss. About Extent of Ghost Shopping Infrastructure in India: Survey Findings: Knight Frank India’s survey reveals India has 13.3 million square feet of ‘ghost shopping infrastructure’ across 29 cities. This led …
Read MoreConcept of Income Income represents the financial inflow that an individual, business, or any entity receives over a period, primarily as a compensation for providing labor, services, or products. This concept is pivotal in both personal finance and the broader economy, influencing decisions ranging from individual spending and savings to government tax policies and economic …
Read MoreDifference Between Economy and Economics Economy The term economy encompasses the collective activities of individuals and institutions in a specific region or country as they engage in the production, distribution, exchange, and consumption of goods and services. These activities are fundamentally social in nature and involve the processes of buying, selling, or bartering. The economy …
Read MoreWhy in the news? April’s services PMI eased to 60.8 from 61.2 in March, indicating a slight slowdown in expansion, driven by strong new orders. Overview of April’s Services Sector Performance: The HSBC India Services Business Activity Index dipped slightly from 61.2 in March to 60.8 in April, indicating a moderation in the pace of …
Read MoreSyllabus: GS-III: Indian Economy Why in the news? Inequality debate intensifies in India over Congress manifesto, sparking controversy about wealth redistribution and tax reforms. source:reddit Introduction: Debate Triggered by Congress Manifesto Congress manifesto release prompts economic redistribution discourse. PM Modiaccuses Congress of advocating wealth redistribution. Global context underscores the urgency of addressing economic inequality. Understanding the …
Read MoreWhy in the news? India advises ADB to maintain focus on poverty reduction while fostering sustainable growth, emphasising its critical role. About India’s Call to Asian Development Bank (ADB): Focus on Poverty Reduction: India emphasised the importance of not overlooking the ongoing efforts to reduce poverty while promoting sustainable growth. Intervention at ADB Meeting: During …
Read MoreWhy in the news? MSMEs face challenges due to new tax clauses, leading to cancellations, competition, and calls for reevaluation of payment timelines. source:slideshare Key Points:Criticism and Impact Punjab BJP General Secretary Rakesh Rathore condemned Channi’s remarks, citing disrespect for security forces. Competition between registered and unregistered MSMEs emerged, with smaller entities deregistering to survive. …
Read MoreSyllabus: GS-3-Role of monetary authority and related institutions , RBI and its effectiveness Focus : Top of Form The article explores the unique challenges faced by central banks in democracies like India and the US, emphasizing the importance of maintaining their independence amidst political pressures. It examines the implications of political interference on monetary policy …
Read MoreWhy in the news? “India’s mining output growth slows to 1.2% in March, hinting at potential slowdown in overall industrial production.” source:TH About the Slowing Growth Trends: India’s mining output growth dropped to a 19-month low of 1.2% in March, down from 8% in February. This decline, signalling potential slowdown in overall industrial output, is …
Read MoreWhy in the news? India’s manufacturing sector records strong performance in April, with robust domestic demand driving growth, according to HSBC’s PMI survey. source:researchgate About Manufacturing Activity : HSBC India Manufacturing PMI indicates slight easing in April but remains at 58.8, marking the second-best improvement in 42 months. New orders surge at the second-fastest pace …
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