Indian Economy Archives

20May 2025

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Supreme Court Strikes Down Retrospective Environmental Clearances

Supreme Court Strikes Down Retrospective Environmental Clearances Why in the News? The Supreme Court recently invalidated the Centre’s 2017 notification and 2021 SOP allowing post-facto environmental clearances for projects that began without prior approval, citing violation of constitutional rights and environmental laws. Background on Centre’s Notification and SOP In 2017, MoEFCC allowed a one-time, six-month …

20May 2025

Core Inflation Trends Shape RBI’s Rate Cut Decisions

Core Inflation Trends Shape RBI’s Rate Cut Decisions Why in the News? Core inflation, excluding volatile food and fuel prices, is rising while food inflation falls. This reversal influences the Reserve Bank of India’s approach to monetary policy and potential interest rate cuts. Inflation Trends and RBI’s Focus: Inflation was mainly driven by food prices …

14May 2025

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economic policy India-US Trade Indian Economy International Trade Retaliatory Tariffs trade war U.S. Imports WTO Disputes
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India Plans Retaliatory Tariffs on U.S. Imports

India Plans Retaliatory Tariffs on U.S. Imports Why in the News ? India has notified the World Trade Organization (WTO) of its plan to impose retaliatory tariffs on $7.6 billion worth of U.S. imports. This move comes in response to the U.S. imposing 25% duties on steel and aluminium imports. Background of the Tariff Dispute …

06May 2025

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Bank of England BIS Central Bank Strategy Foreign Exchange Reserves Gold Repatriation Indian Economy RBI Gold Reserves
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RBI Increases Gold Reserves, Repatriates from Abroad

RBI Increases Gold Reserves, Repatriates from Abroad Why in the News ? The Reserve Bank of India (RBI) added 57.49 tonnes of gold to its foreign exchange reserves in FY 2025 and repatriated 38.64 tonnes from the Bank of England and BIS, boosting domestic holdings amid rising gold prices. About Growth in RBI’s Gold Reserves …

05May 2025

States Demand Larger Share in Divisible Tax Pool

Syllabus: GS-2: Centre-State Relations GS-3: Fiscal Policy , Government Budgeting Focus: Several states have urged the 16th Finance Commission to increase their share of the divisible tax pool, citing concerns over shrinking allocations due to cesses and surcharges. This demand raises critical issues of fiscal autonomy, inter-state inequality, and governance reforms at the state and …

28Apr 2025

India Lifts 17 Crore People Out of Poverty

India Lifts 17 Crore People Out of Poverty Why in the News ? According to the World Bank’s Spring 2025 Poverty and Equity report, India has lifted over 17.1 crore people out of extreme poverty in the past decade, with major contributions from five states and notable improvements in rural and urban poverty rates. Major …

28Apr 2025

Govt Empowers I4C to Combat Money Laundering

Govt Empowers I4C to Combat Money Laundering Why in the News ? The Indian government has authorised the Indian Cyber Crime Coordination Centre (I4C) to share and receive information with the Enforcement Directorate under PMLA. This aims to strengthen efforts in tracing money trails and tackling rising cyberfraud cases. I4C Brought Under PMLA Framework: On …

17Apr 2025

Guidelines Issued for Critical Mineral Excellence Centres

Why in the News ? The Ministry of Mines has released guidelines to establish Centres of Excellence under the National Critical Mineral Mission, aiming to boost research and technology in critical minerals essential for clean energy, mobility, electronics, defence, and space sectors. Strengthening Critical Mineral Research: The Ministry of Mines has issued fresh guidelines for …

17Apr 2025

India’s First Hydrogen-Powered Sea Vessel Launched

Why in the News ? Union Minister Jitendra Singh praised India’s first indigenous hydrogen-powered sea vessel as a landmark public-private collaboration. The project reflects India’s push for self-reliance in clean energy technology, supported by CSIR’s New Millennium Indian Technology Leadership Initiative (NMITLI). Historic Milestone in Marine Innovation: India unveiled its first indigenously developed hydrogen-powered …

17Apr 2025

India-Uzbekistan Joint Military Exercise DUSTLIK-6 Begins

Why in the News ? The 6th India-Uzbekistan joint military exercise ‘DUSTLIK-6’ has begun at Pune’s Foreign Training Node. This annual event strengthens defence ties and focuses on sharing tactics for joint sub-conventional operations. The exercise will continue until April 28, 2025. Participating Forces: The Indian contingent includes 60 personnel from the JAT Regiment and …

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