IndiaEconomy Archives - Universal Group Of Institutions

17Jan 2025

Rupee Devaluation: Causes, Impacts, and Policy Challenges

Syllabus: GS-3: Fiscal Policy, Monetary Policy, Capital Market Focus: The Indian rupee has recently experienced sharp devaluation due to rising capital outflows, increasing import costs, and a shift in RBI’s exchange rate policy, raising concerns about inflation, export competitiveness, and economic stability in a global context of financial uncertainties. Understanding Exchange Rate Dynamics: Exchange Rate …

16Jan 2025

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EnergySecurity Geopolitics GlobalEnergy IndiaEconomy IndiaEnergyCrisis OilTradeImpact RussiaOilSanctions USSanctions WorldNews
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US Sanctions Target Russia’s Oil Trade, Impacting India

Why in the news? The US imposed sweeping sanctions on Russia’s oil trade, affecting tankers, companies, and insurance, potentially disrupting India’s crude oil imports. Russia remains India’s largest oil supplier, necessitating alternative arrangements amidst global market instability. About New Sanctions and Targets: The outgoing US administration imposed significant sanctions on Russia’s oil trade, targeting 183 …

10Jan 2025

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EconomicGrowth EconomicResilience GrowthAmidChallenges India2025 IndiaEconomy IndianEconomy SustainableDevelopment
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India’s Economy Set to Grow Amid Key Challenges

Why in the news? The UN’s World Economic Situation and Prospects report highlights India’s projected 6.6% growth in 2025, easing currency pressures, infrastructure-driven expansion, robust exports, and opportunities from untapped critical minerals amid persistent gender disparities. India’s Economic Outlook for 2025: India’s economy is projected to grow by 6% in 2025, driven by robust private …

03Jan 2025

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BankingReforms BorrowersAndLenders CreditRates FinancialRegulations FinancialStability IndiaEconomy RBI SupremeCourt
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Supreme Court Upholds RBI’s Authority on Credit Rates

Why in the news? The Supreme Court ruled that only the Reserve Bank of India can regulate credit card interest rates, overturning a 2008 NCDRC order capping rates, and clarified that high rates aren’t “unfair trade practices” under consumer laws. Key Decision Highlights: The Supreme Court ruled that high interest rates on credit card loans …

27Dec 2024

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EconomicReformer FormerPM IndiaEconomy IndianHistory IndianPolitics Leadership ManmohanSingh Tribute UPSCPreparation VisionaryLeader
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Manmohan Singh, Former PM and Economic Reformer, Dies

Why in the news? Former Indian Prime Minister Dr. Manmohan Singh passed away at 92, remembered for his key economic reforms, leadership, and global influence, especially in U.S.-India relations. Dr. Manmohan Singh: A Visionary Economic Reformer Manmohan Singh, former Prime Minister of India, passed away on December 26, 2024, at the age of 92 at …

26Dec 2024

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ConsumerPriceIndex CPI EconomicPolicy ExpertsInput IndiaEconomy IndianEconomy MoSPI PDS PolicyDevelopment PublicDistributionSystem
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Including PDS Items in CPI: MoSPI Seeks Experts’ Input

Why in the news? The Ministry of Statistics and Programme Implementation seeks expert opinions on how to include free PDS items and social transfers in the new Consumer Price Index (CPI). Challenges in Including PDS Items in CPI: The Ministry of Statistics and Programme Implementation (MoSPI) is addressing how to include PDS items and free …

17Dec 2024

Harnessing India’s Demographic Dividend Crisis

Syllabus: GS 1: Population and associated issues Why in the News? India is at the peak of its demographic advantage with 67.3% of its population in the working age group (15-59 years). However, poor education, health, and nutrition threaten to derail this advantage, raising concerns about a future crisis with a skill-deficient, ageing population. India’s …

16Dec 2024

DRI: India’s Leading Anti-Smuggling and Trade Enforcement Agency

Why in the news? The Directorate of Revenue Intelligence (DRI) recently highlighted its achievements in combating smuggling, including significant contraband seizures and operations targeting illegal wildlife trade, drug trafficking, and customs fraud, reaffirming its role in safeguarding India’s economic and environmental security. Introduction to DRI and its Role: The Directorate of Revenue Intelligence (DRI) is …

07Dec 2024

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EconomicGrowth Economy FinancialNews FinancialStability ForeignExchange ForexReserves GlobalMarkets India IndiaEconomy ReserveBankOfIndia
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India’s Forex Reserves Rise to $658.1 Billion

Why in the news? India’s forex reserves increased by $1.5 billion to $658.1 billion after an eight-week decline, driven by RBI interventions and fluctuating foreign portfolio investments, enhancing economic stability. Forex Reserves Surge After Eight-Week Decline: India’s foreign exchange reserves increased by $1.5 billion, reaching $658.1 billion. The surge follows an eight-week decline in reserves, …

25Nov 2024

Urban Slowdown & Middle-Class Woes : Economic Insights

Syllabus: GS-3: Growth & Development Why in the news? Urban India’s consumption patterns are under scrutiny due to high inflation, shrinking middle-class spending power, and weak performance by FMCG and auto sectors, revealing broader economic challenges. These trends highlight concerns over stagnating growth and disparities in the recovery trajectory across consumer segments. Historical Reflection: Tughlaq …

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