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SHOULD THE RUPEE BE LEFT TO DEPRECIATE? Syllabus: GS 3: Banking system Issues related to Banking system Why in the News? The Indian rupee has weakened sharply, touching nearly ₹97 per dollar, amid rising oil prices, speculative capital outflows, and fears of imported inflation following geopolitical tensions in West Asia. INDIA’S EXTERNAL SECTOR MANAGEMENT ● …
Read More16th Finance Commission Tilts Balance Towards Centralisation Concerns Syllabus: GS-2: Centre-State Relations ,Indian Constitution ,Co-operative Federalism ,Constitutional Bodies Why in the News ? The 16th Finance Commission (FC) award has sparked debate for allegedly deviating from the long-standing tradition of impartial fiscal federalism. Experts argue that its recommendations disproportionately favour the Centre over States, weaken …
Read MoreIndia’s GDP Rise: Numbers, Methods, and Misconceptions Why in the News ? The IMF’s 2024 estimates and projections suggest India may surpass Japan to become the world’s fourth largest economy by 2025. This has triggered political claims of success, sparking a deeper debate on how GDP rankings are calculated and interpreted. Understanding GDP Rankings and …
Read MoreGDP Figures Show India is Back on the Road to Growth Why in the News? The latest Indian economic news reveals a promising trajectory for the GDP of India. According to the National Statistics Office (NSO), the India growth rate for FY25 is provisionally estimated at 6.5%. This estimate of India GDP data shows a …
Read MoreWhy in the News? The Finance Ministry calls upon private sector banks to increase lending through schemes like PM SVANidhi and PM Vishwakarma, targeting job creation for artisans and street vendors. Secretary Vivek Joshi leads a review meeting with bank executives to assess the progress of these inclusive initiatives. Source: Samhita About Financial Inclusion Schemes: …
Read MoreWhy in the news? RBI drafts norms for loan aggregators, requiring digital overview of all loan offers to enhance transparency for borrowers. About the Regulatory Framework: The RBI proposes guidelines for banks and NBFCs to ensure loan service providers (LSPs) offer a digital overview of all loan options. The digital view must include lender details, …
Read MoreRelevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? The Reserve Bank of India (RBI) has initiated consultations on regulating payment aggregators conducting face-to-face transactions. Feedback and comments on these consultation papers are invited by the RBI until May 31. About the …
Read MoreWhy in the news? RBI warns against illegal forex trading through unauthorised entities, instructs banks to report to the Enforcement Directorate. source:ET About RBI Alert: Unauthorised Forex Trading The Reserve Bank of India (RBI) has issued a cautionary circular to banks and customers regarding unauthorised entities offering forex trading with promises of high returns. These …
Read MoreWhy in the news? NABARD unveils Climate Strategy 2030 to address India’s green financing needs; DLF pledges sustainable development initiatives. source:slideserve About NABARD’s Green Financing Strategy: NABARD unveils its ‘Climate Strategy 2030’ document on Earth Day to address India’s green financing needs. India requires $170 billion annually to achieve $2.5 trillion by 2030, but current …
Read MoreSyllabus: GS 2: Issues arising out of their Design and Implementation of Policies Bilateral, Regional and Global Agreements involving India and/or affecting India’s interests. GS 3: Taxation and Effects of Liberalization on the Economy, Why in the News? This article is in the news due to recent amendments to the India-Mauritius tax treaty, aimed at …
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