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Syllabus: GS-2: Government Policies & Interventions GS-3: Growth & Development , India and its Neighbourhood , Bilateral Groupings & Agreements , Inclusive Growth Focus: Switzerland has suspended the MFN clause in its DTAA with India, resulting in higher taxes on dividend payments from Swiss entities to Indian investors starting January 2025. This change follows a …
Read MoreWhy in the news? The Directorate of Revenue Intelligence (DRI) recently highlighted its achievements in combating smuggling, including significant contraband seizures and operations targeting illegal wildlife trade, drug trafficking, and customs fraud, reaffirming its role in safeguarding India’s economic and environmental security. Introduction to DRI and its Role: The Directorate of Revenue Intelligence (DRI) is …
Read MoreSyllabus: GS-2: Post-independence Consolidation of India Focus: Arvind Panagariya’s The Nehru Development Model critiques Jawaharlal Nehru’s economic vision and its long-term impacts on India’s growth. Panagariya argues that Nehru’s policies, rooted in socialism and heavy industry, stunted the country’s economic potential. His focus on state-led development, nationalization, and central planning hindered India’s progress in crucial …
Read MoreWhy in the news? The rupee hit an all-time low of ₹84.852 against the dollar amid expectations of rate cuts under new RBI Governor Sanjay Malhotra, raising concerns about further depreciation. Impact of RBI Leadership Change on Markets: The bond and forex markets reacted differently to the appointment of Sanjay Malhotra as the new RBI …
Read MoreSyllabus: GS-2: Centre-State Relations, Indian Constitution , Co-operative Federalism , Constitutional Bodies. Focus: The Sixteenth Finance Commission, chaired by Arvind Panagariya, is addressing fiscal challenges in India, focusing on equitable resource distribution between States and the Union. Its recommendations will impact the financial autonomy of States like Tamil Nadu and influence the country’s economic trajectory. …
Read MoreWhy in the news? November 2024 GST collections rose 8.5% YoY to ₹1.82 trillion, reflecting festive-driven demand. However, collections were slightly below October’s ₹1.87 trillion, highlighting uneven regional performance and potential economic recovery concerns for upcoming months. About the GST Collections in November 2024: GST collections for November 2024 reached ₹1.82 trillion, an 5% year-on-year …
Read MoreSyllabus: GS-2: Poverty ,Government Policies & Interventions ,Issues Relating to Development , GS-3: EmploymentGrowth & Development Focus; The deletion of over 10 crore MGNREGA workers in four years has raised concerns about transparency and accountability. A significant surge in deletions during 2022-23 coincides with the introduction of Aadhaar-based payment systems (ABPS), highlighting procedural gaps and …
Read MoreWhy in the News? Union Ministers launched the World Bank report focused on aligning skill education with job opportunities, aiming to empower youth in six Indian states and drive economic growth. About the Launch of “Jobs at Your Doorstep” Report: Union Ministers Dharmendra Pradhan and Mansukh Mandaviya unveiled the World Bank report titled Jobs at …
Read MoreWhy in the news? RBI has rolled out new guidelines requiring FPIs to seek government approval if their stake in Indian companies exceeds 10%, amid increased scrutiny of foreign investments. About the New RBI Rules for FPI and FDI Classification: The Reserve Bank of India (RBI) introduced updated rules to guide foreign portfolio investors (FPIs) …
Read MoreSyllabus: GS-2: Government Policies & Interventions GS-3: Inclusive GrowthGrowth & Development Focus: Recent reports highlight the paradox of stagnant rural wages despite significant GDP growth in India. While the economy expands, real wages for rural workers have declined, raising concerns about the sustainability of rural livelihoods and the effectiveness of policies aimed at improving economic …
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