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Why in the news? The upcoming Union Budget for FY2025-26 highlights newly launched schemes with significant funding and others with reduced allocations. Key sectors like AI, renewable energy, and electric mobility are expected to receive substantial financial support in the budget. Recently Launched Schemes (2024-25 Allocations): Solar Rooftop Installation Scheme: ₹6,250 crore for promoting solar …
Read MoreSyllabus: GS-3: Growth & Development , Fiscal Policy Focus: The Indian government faces an economic slowdown, with private consumption and investment stagnating despite efforts like capital expenditure. The upcoming 2025 Budget is seen as a crucial opportunity to shift fiscal priorities toward social welfare and employment generation to stimulate economic recovery. Understanding the Growth Decline: …
Read MoreSyllabus: GS-3: Fiscal Policy, Monetary Policy, Capital Market Focus: The Indian rupee has recently experienced sharp devaluation due to rising capital outflows, increasing import costs, and a shift in RBI’s exchange rate policy, raising concerns about inflation, export competitiveness, and economic stability in a global context of financial uncertainties. Understanding Exchange Rate Dynamics: Exchange Rate …
Read MoreSyllabus: GS-3: Economics of Animal-Rearing Why in the news? The Ministry of Commerce revised gold import data for April-November 2024, correcting a significant error caused by technical glitches in data migration systems. This revision reduces gold import figures by $12 billion, influencing decisions on import duties and addressing concerns over trade deficits and smuggling. Background …
Read MoreExplore the journey of agriculture in India, from its historical roots to its role as the backbone of the economy. 🌾 Dive into key milestones, major challenges, and future opportunities shaping this critical sector. Download our comprehensive PDF notes for an in-depth analysis and stay informed with the latest insights. 📚 👉 Click here to …
Read MoreWhy in the news? The UN’s World Economic Situation and Prospects report highlights India’s projected 6.6% growth in 2025, easing currency pressures, infrastructure-driven expansion, robust exports, and opportunities from untapped critical minerals amid persistent gender disparities. India’s Economic Outlook for 2025: India’s economy is projected to grow by 6% in 2025, driven by robust private …
Read MoreWhy in the News? Reports highlight: In 2023, alarming reports from Jharkhand and Odisha revealed that many households were removed from the Public Distribution System (PDS). State-wide issue: Bihar also faces PDS struggles, particularly among marginalized communities like the Musahars, exacerbated by the COVID-19 supply crisis. Challenges with PDS Access and Quality Exclusion of households: …
Read MoreSource: GS-2: Government Policies & Interventions GS-3: Growth & Development Focus: The Indian government has released the First Advance Estimates for 2024-25, showing a slowing GDP growth rate. Real GDP growth has declined to 4.8% CAGR since FY20, highlighting challenges like weak private consumption, sluggish investments, and negative net exports that hinder India’s economic progress. …
Read MoreWhy in the news? The Income Tax Department has extended the Vivad Se Vishwas scheme deadline to January 31, 2025, allowing taxpayers more time to settle tax disputes and avoid penalties under the scheme. Income Tax Department Extends ‘Vivad Se Vishwas’ Scheme Deadline: Extension of Deadline: The Income Tax Department has extended the deadline for …
Read MoreSyllabus: GS 3: Indian economy Why in the News? Recently, the Indian textile industry has recorded impressive growth, with exports increasing by 36.65% in four years, driven by diversity, quality improvements and increasing global demand. Introduction India’s textile sector has shown impressive strength, growing 36.65% in the last four years. Despite global economic challenges, it …
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