06May 2024

MSMES IMPACTED BY NEW TAX CLAUSE, FACING CANCELLATIONS AND COMPETITION

Why 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. …

06May 2024

“THE INDEPENDENT ROLE OF CENTRAL BANKS IN INDIA AND THE U.S”

Syllabus: 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 …

04May 2024

“MARCH MINING OUTPUT GROWTH SLOWS TO 1.2%, SIGNALLING IIP IMPACT.”

Why 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 …

03May 2024

APRIL PMI SIGNALS SECOND-BEST GAIN IN MANUFACTURING SECTOR IN 42 MONTHS

Why 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 …

29Apr 2024

UGI USER
agriculture news crop support export policy farmer protest govt policy India Economy Maharashtra agriculture MSP onion farmers onion prices
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CENTRE ATTEMPTS TO SOOTHE MAHARASHTRA ONION FARMERS

Why in the news? Centre’s announcement of onion export allowances amidst criticism from Maharashtra farmers and opposition leaders sparks controversy and debate. Centre’s announcement of onion export allowances amidst criticism from Maharashtra farmers and opposition leaders sparks controversy and debate. source:medium About Centre’s Response to Criticism: Amid backlash from Opposition leaders and Maharashtra onion farmers over …

27Apr 2024

INDIA’S CHANGING SOCIO-ECONOMIC LANDSCAPE

Syllabus: Inclusive Growth and issues arising from it. Indian Economy and issues relating to Mobilization of Resources, Growth and Development. Focus: This article discusses the changing dynamics of wealth distribution in India, highlighting the decline of the expropriate-and-redistribute model and the need for new approaches to address income and wealth inequality. Source: Business Today Introduction: …

24Apr 2024

RBI OFFICIALS WARN OF INFLATION RISKS DUE TO EXTREME WEATHER AND GEOPOLITICAL TENSIONS.

Why in the news? Climate risks to inflation highlighted by RBI officials amidst extreme weather events and geopolitical tensions. source:worldnews About the Climate Risk and WMO’s Alert: RBI officials, including Deputy Governor Michael D. Patra, warn of inflation risks due to extreme weather events and geopolitical tensions. They highlight the World Meteorological Organization’s (WMO) red …

24Apr 2024

APRIL FLASH PMI INDICATES ACCELERATED GROWTH IN ECONOMIC OUTPUT.

Why in the news? April Flash PMI indicates rapid economic growth, with manufacturing and services sectors at highest levels in 14 years. source:eduprep About the April Flash PMI Indicates Acceleration in Economic Output: Combined output from India’s manufacturing and services sectors is projected to have grown at the quickest pace in nearly 14 years in …

22Apr 2024

DIRECT TAX COLLECTION SURPASSES 2023-24 TARGET, LED BY INCOME TAX.

Why in the news? Net direct tax collections exceed 2023-24 target, driven by personal income tax surge; corporate tax contribution declines. About the Growth in Tax Kitty: India’s net direct tax collections rose by 17.7% in 2023-24, reaching ₹19.58 lakh crore. This surpassed both the Budget estimates and revised estimates by 7.4% and ₹73,000 crore …

22Apr 2024

NAVIGATING THE COMPLEXITIES : IRAN-ISRAEL RELATIONS

Syllabus: GS 2: India and its Neighborhood- Relations. Effect of Policies and Politics of Developed and Developing Countries on India’s interests, Indian Diaspora. Why in the News? Following the Israeli airstrike on its consulate in Damascus, Iran swiftly promised retaliation, escalating tensions in the region. Iran deployed a combination of attack drones, cruise missiles, and …

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