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RETAIL INFLATION CROSSES RBI’S UPPER COMFORT LIMIT WHY IN THE NEWS ? India’s retail inflation increased to 1% in October 2026, exceeding the RBI’s upper tolerance limit of 6% for the first time in two years. Rising food and fuel prices, along with increasing costs across several sectors, have intensified concerns over household budgets and …
Read MoreTHREE KEY LESSONS FROM INDIA’S DEMONETIZATION EXPERIENCE WHY IN THE NEWS ? Historical Context: November 2016 marked the announcement of demonetization, when the government withdrew ₹500 and ₹1,000 currency notes, accounting for nearly 86% of currency in circulation. Policy Reflection: A decade later, the episode offers important lessons regarding policymaking, institutional autonomy and economic formalisation …
Read MoreINDIA ACHIEVES REMARKABLE PROGRESS IN POVERTY REDUCTION WHY IN THE NEWS ? World Bank Report: The World Bank’s October 2026 Poverty and Equity Brief highlighted India’s significant progress in reducing monetary and multidimensional poverty. Key Finding: Extreme poverty declined from 27.1% in 2011 to 2.6% in 2023, lifting millions out of poverty through economic growth, …
Read MoreGST COLLECTIONS RISE 23% AMID STRONG ECONOMIC ACTIVITY WHY IN THJE NEWS ? Strong Growth: India’s gross GST collections increased by nearly 23% year-on-year, crossing ₹2.31 lakh crore in October. Economic Momentum: Robust domestic economic activity and higher import-related tax revenues contributed to the significant rise. Revenue Performance: The increase reflects improved tax mobilisation and …
Read MoreSUBOPTIMAL OUTCOMES: SOCIAL SECURITY CONCERNS OF UNORGANISED SECTOR WORKERS REMAIN Syllabus: GS-3: Indian Economy and issues related to planning and mobilisation of resources. Employment and Development Why in the News? The Union Labour Ministry has constituted the National Social Security Boards for Unorganised Workers and Gig and Platform Workers, one year after implementation of the …
Read MoreThe Geography and Economy of Punjab’s Long Drug Crisis Syllabus: GS – 2 – Drug crisis , International issues Focus : Punjab’s drug crisis illustrates the intersection of geography, organised crime, unemployment, public health and internal security. Its proximity to the Golden Crescent, cross-border drone smuggling, pharmaceutical drug diversion and alleged institutional nexuses have complicated …
Read MoreINDIA-NEW ZEALAND TRADE TIES SET TO SCALE NEW HEIGHTS Why in the News? The India–New Zealand Free Trade Agreement (FTA) has entered into force, opening new avenues for trade, investment and economic cooperation between the two countries. The agreement builds on longstanding bilateral relations, characterised by shared interests in cricket, cultural exchanges and strong people-to-people …
Read MoreRBI MPC DIVIDED OVER SPREADING INFLATIONARY PRESSURES WHY IN NEWS ? The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has revealed differences among members over whether inflation is becoming widespread and persistent. Minutes of its October meeting highlighted concerns over rising consumer prices, future interest rate hikes, and implications for monetary policy and …
Read MoreUPI MERCHANT DISCOUNT RATE: SUPREME COURT SCRUTINY AND THE REGULATION OF DIGITAL PAYMENTS Why in the News? The Supreme Court has questioned the legal basis for introducing a 0.4% Merchant Discount Rate (MDR) on specified high-value UPI Person-to-Merchant transactions. The Court has sought an explanation from the Centre on the legal character of the charge …
Read MoreINDIA’S INDUSTRIAL GROWTH: IIP ACCELERATION AND THE STRENGTHENING OF MANUFACTURING Why in the News? India’s Index of Industrial Production (IIP) growth accelerated to 8% in August 2026, up from 7.35% in July, making it the second-highest growth rate since the new IIP series began in April 2024. The expansion was supported by strong performances in …
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