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10Oct 2024

Festive Season Boosts India’s Consumption Recovery Prospects

Why in the news? India’s private consumption shows signs of recovery, with increased spending expected during the festive season. However, long-term trends in key indicators remain below five-year averages. Overview of Consumption Patterns: Recent Trends: Private final consumption expenditure (PFCE) showed a significant turnaround in April-June 2024, growing by 12.4% in nominal terms, positively impacting …

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04Oct 2024

India’s economic growth amidst global and domestic challenges

Syllabus: GS 3: Indian Economy and Issues related to Planning and Growth. Changes in Industrial Policy And Effect on Industrial growth Why in the News? India’s GDP growth projection for 2024-25 is now clouded by uncertainties arising from global conflicts, climate impacts, and ongoing domestic civil unrest, which have all contributed to a less favourable …

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01Oct 2024

ED’s Money Laundering Probes: Challenges and Insights Revealed

Why in the news? The Financial Action Task Force’s report highlights the Enforcement Directorate’s operations, revealing challenges in prosecution rates and the need for enhanced investigative capacity in India. Key Insights on ED’s Money Laundering Investigations: Investigation Sources and Trends: The Enforcement Directorate (ED) investigates money laundering based on various leads, with 47% of cases …

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01Oct 2024

Core Sector Declines Amid Improving Fiscal Deficit in India

Why in the news? Recent data reveals India’s core sector contracted significantly in August, while the fiscal deficit showed improvement, highlighting mixed signals for the economy’s health and performance. Highlights about the Mixed Economic Signals for India: Core Sector Performance: In August, India’s core sector output fell by6%, showing a significant decline from the previous …

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01Oct 2024

FDI Trends in India

Syllabus: GS 2: Government Policies and intetventions GS 3: Liberalization Why in the News? Recently, Chief Justice D.Y. Chandrachud stressed the importance of rule of law as the regional office of the Permanent Court of Arbitration was set up in New Delhi to boost investor confidence. Introduction Regional office of the Hague Permanent Court of …

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24Sep 2024

EPFO Records 20 Lakh New Members in July 2024

Why in the news? EPFO added a record-breaking 19.94 lakh net members in July 2024, reflecting significant job growth and increasing  female participation in India’s formal employment sector. Record EPFO Member Additions in July 2024: Net Additions: EPFO added 19.94 lakh members in July 2024, the highest since April 2018. Growth: This represents a 6.3% …

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30Aug 2024

RATING AGENCY MOODY’S REVISED INDIA’S GDP GROWTH FOR THE YEAR 2024

Why in the news? Moody’s recently revised its growth estimate for India for the year 2024 to 7%, the rate of growth could be even higher in case of increased private consumption rates. About India’s GDP Growth Forecast:About India’s GDP Growth Forecast: Revised Forecasts: Moody has also adjusted upward the GDP growth of India in …

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