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SYLLABUS: 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 …
Read MoreWhy 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 …
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