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Why in the news? The Ministry of Mines is developing a Production Linked Incentive (PLI) scheme to enhance the recycling of critical minerals in India. This initiative aims to stimulate domestic supply chains and address the lackluster response to recent auctions of critical mineral source: BS Key Points : The PLI scheme targets e-waste recycling …
Read MoreSyllabus: GS-3- GDP growth rate , economic and overall development , Monetary policy and Credit growth , Bond market Focus: This article explores the implications of the inclusion of Indian government bonds in the JP Morgan Bond Index. It discusses the potential benefits, including increased foreign investment, enhanced market liquidity, and lower yields. It also …
Read MoreSyllabus: GS-3- GDP growth rate , economic and overall development , GST, GST Council Focus : The article focuses on the transformative impact of GST on India’s tax landscape, its achievements, unique credentials, and the critical need for further policy reforms to address existing challenges and support India’s economic growth and development. Source – FE …
Read MoreSYLLABUS: GS 2: Functions and responsibilities of the Union and the States, issues and challenges pertaining to the federal structure, devolution of powers and finances up to local levels and challenges therein. Focus: The GST Council must not lose sight of broader reforms. The Goods and Services Tax (GST) Council was convened last week for …
Read MoreWhy in the news? India’s current account balance registered a surplus of $5.7 billion in Q4 FY24, amounting to 0.6% of GDP, marking a significant turnaround from previous deficits. This shift was primarily driven by a reduced merchandise trade deficit, which narrowed to $50.9 billion from $69.9 billion in Q3 FY24. Source:Oliveboard Key Highlights India …
Read MoreWhy in the news? The Commerce and Industry Ministry restricted gold jewelry and parts imports with immediate effect. Imports from the UAE under the Free Trade Agreement (FTA) are exempted. Notification issued by the Directorate General of Foreign Trade (DGFT). About Free trade agreements (FTAs): Free trade agreements (FTAs) reduce barriers to imports and exports. …
Read MoreWhy in the news? Crisil predicts ARCs will see a recovery rate increase to 16-18% by March 2025 due to improved residential real estate conditions. Recovery driven by demand, price appreciation, and regulatory amendments aiding resolution of stressed real estate projects. source:geeksforgeeks About Asset Reconstruction Companies (ARCs): Specialized financial institutions purchasing bank bad debts to …
Read MoreSyllabus: GS-3: Indian Economy Why in the news? India’s recent election results, where the ruling government faced voter backlash despite strong economic growth, have sparked widespread analysis and debate. This unexpected outcome challenges conventional wisdom about the relationship between economic performance and electoral success, highlighting deeper issues within the economy and governance. source:goodreturns Economic Puzzle …
Read MoreSyllabus: GS-3- Sustainable economic growth , policies and implementation ,Challenges and prospective solutions Focus : The article emphasizes that the mandate from the 2024 elections centers on prioritizing economic governance over ideological pursuits. It highlights the necessity for the new government to focus on economic growth, job creation, and reducing regional disparities. The coalition dynamics …
Read MoreSyllabus: GS-3- Sustainable economic growth , policies and implementation ,Challenges and prospective solutions Focus : The article emphasizes the need for the new government to focus on stimulating consumer demand to sustain India’s economic growth. While public investment and premium consumption have driven recent growth, broad-based demand, particularly in the private sector, remains weak. The …
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