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Why in the news? India VIX, known as the fear index, surged by 24% to close at 26.75. During intraday trade, the index spiked by 51% to reach 31.71, indicating heightened market volatility. This increase followed the Lok Sabha election results, which showed fewer seats than expected for the Bharatiya Janata Party (BJP). About India …
Read MoreIntroduction A cooperative is a self-reliant, democratically governed business or organization where people voluntarily come together to meet common economic, social, and cultural needs. It’s based on principles like equality, equity, and solidarity. Gandhi saw cooperation as a way to empower people and decentralize power. Cooperative members value honesty, openness, social responsibility, and care for …
Read MoreWhy in the news? The Reserve Bank of India’s Monetary Policy Committee is likely to maintain the repo rate at 6.5% due to persistent food inflation, signaling a cautious approach to monetary policy. Expectations suggest the MPC will keep the monetary policy stance unchanged, focusing on managing inflation and supporting economic growth amid uncertainties. About …
Read MoreSyllabus: GS 2: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Economic Growth and Development. Why in the News? India’s economy has surpassed growth expectations, achieving an 8.2% increase in GDP for 2023-24. This performance exceeds previous estimates and highlights the resilience of India’s economic framework despite challenges in …
Read MoreWhy in the news? India’s real Gross Domestic Product (GDP) for FY24 grew by a faster-than-expected 8.2%, exceeding the initial projection of 7.3% by the National Statistical Office (NSO). Nominal GDP witnessed a growth rate of 9.6% in FY24, with real Gross Value Added (GVA) expanding by 7.2%. The significant growth in the manufacturing sector …
Read MoreWhy in the news? Bank credit growth in FY25 is projected to slow to 14% from 16% in FY24. The slowdown is attributed to a high base effect, revised risk weights, and a deceleration in GDP growth, according to CRISIL Ratings. source:medium About Credit Growth: Credit growth is the expansion of loans to individuals or …
Read MoreSyllabus: GS-3- RBI and its functions , Monetary policy of India Focus : The article focuses on the Reserve Bank of India’s record surplus transfer of ₹2.11 lakh crore to the Union Government for 2023-24. This substantial financial boost provides the new government with significant fiscal flexibility, enabling increased capital spending, bridging fiscal deficits, and …
Read MoreSyllabus: GS-3: Economic Development Why in the news? Despite India’s booming economy, foreign investors shy away due to high valuations and volatile market conditions, favoring cheaper emerging markets. Domestic investors, supported by SIPs and market resilience, drive Indian stock market stability amidst foreign withdrawals. source:studycafe Focus: Despite India’s booming stock market and favorable investment conditions, …
Read MoreEconomic reforms refer to the significant policy shifts that a country undergoes to transform its economic structure, usually from a predominantly state-controlled or planned economy to a market-oriented economy. These reforms are typically characterized by liberalization, privatization, deregulation, and globalization. They aim to enhance the efficiency and competitiveness of the economy, attract foreign investment, stimulate …
Read MoreThe service sector encompasses a wide array of services including insurance, real estate, professional services, financial services, trade, hotels, transportation, communication, storage, broadcasting services, public administration, defense, and more. It’s the sector’s diversity and broad reach that make it essential to the global economy, offering employment opportunities, fostering innovation, and facilitating trade and commerce across …
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