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29Apr 2024

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 …

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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: …

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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 …

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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 …

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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 …

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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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18Apr 2024

‘FY24: NEW PRIVATE INVESTMENTS DIP 15%; STATES LEAD CAPEX RISE’:

Why in the news? FY24 witnesses 15.3% dip in new private investments; States lead capital expenditure rise, Maharashtra tops new project acquisition. Source:slideshare About the Investment Trends in FY24: New private sector investment plans declined by 15.3% in 2023-24, while foreign investors reduced new outlays by nearly a third, resulting in a 5% drop in …

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16Apr 2024

IRAN-ISRAEL TENSIONS MAY IMPACT INDIA’S OIL TRADE ADVERSELY.

Why in the news? Iran-Israel conflict escalation raises concerns over oil prices, supply disruptions; India’s heavy import dependence amplifies economic impact. source:scribd About the Geopolitical Impact on Oil Trade: Escalation in Iran-Israel conflict may elevate crude oil prices due to increased risk premiums and concerns over supply disruptions in West Asia. India, as the world’s …

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13Apr 2024

FEB SAW 5.7% INDUSTRIAL OUTPUT GROWTH BUT 3-MONTH LOW IN PRODUCTION.

Why in the news? Industrial output surged 5.7% in February, led by growth in mining and electricity, with uneven consumption patterns. source:scribd About Recovery in Output: India’s industrial output growth reached a four-month high of 5.7% in February, up from January’s 4.1%, driven by an 8% increase in mining and a 7.5% surge in electricity …

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08Apr 2024

UNNECESSARILY COMPLEX’ GST NEEDS URGENT REFORM: KELKAR

Why in the news? Vijay Kelkar calls for urgent GST reform, advocating a single 12% rate and equitable revenue sharing with local governments. source:slideserve About the Proposal for Single GST Rate: Advocates adoption of a single GST rate of 12%, shared equally among all tiers of government, to streamline tax structure. Highlights success of countries …

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