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Relevance: GS – 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? The Reserve Bank of India (RBI) has retrieved approximately 130 metric tonnes of gold previously held in safe custody with the Bank of England over the last two-and-a-half years. This strategic shift …
Read MoreWhy in the news? The Supreme Court ruled that states have the authority to tax industrial alcohol, overturning previous rulings and clarifying the federal balance between Centre and state powers. About the SC Ruling on Taxing Industrial Alcohol: A nine-judge Bench of the Supreme Court ruled 8:1 that states can tax industrial alcohol, not just …
Read MoreWhy in the news? The RBI keeps the interest rate at 6.5% but shifts to a “neutral” stance, indicating potential rate cuts amid balanced inflation and growth parameters. RBI Maintains Interest Rate Current Rate: The Reserve Bank of India (RBI) has kept the benchmark interest rate at 6.5% for the tenth consecutive monetary policy review. …
Read MoreSyllabus: GS-2: Human ResourceGovernment Policies & Interventions GS- 3: Skill DevelopmentGrowth & Development Focus: India’s focus on plugging the global skill gap has gained momentum through government-to-government agreements, enabling skilled migration. With countries like Israel, Japan, and Germany facing workforce shortages due to ageing populations, India is leveraging its vast human capital to meet global …
Read MoreSyllabus: GS 3: Indian Economy Why in the News? Despite heavy rains that caused supply disruptions and disruption in some sectors like paint and beverages, strong rural demand could keep utilities businesses running smoothly at the second half of the financial year. Introduction Consumer goods companies experienced steady growth in the September quarter, driven by …
Read MoreWhy in the news? The ongoing Iran-Israel war is disrupting supply chains, increasing freight costs, and negatively impacting exports, posing significant challenges for India’s micro, small, and medium enterprises (MSMEs). Impact of West Asia Conflict on Indian MSMEs: The escalating conflict between Iran and Israel poses challenges for India’s micro, small, and medium enterprises (MSMEs), …
Read MoreSyllabus: GS-3: Planning ,Government Budgeting, Fiscal Policy ,Monetary Policy Focus: India’s services exports are on track to temporarily exceed goods exports, marking a significant shift in the country’s export landscape. This trend highlights the resilience and growth potential of the Indian services sector amidst global economic challenges. Current Export Trends: India’s goods exports fell in …
Read MoreMake in India has completed 10 years since its launch in 2014! 🇮🇳✨ In this video, we explore the successes, challenges, and the future of this ambitious initiative aimed at transforming India into a global manufacturing hub. From the mobile manufacturing boom to the rise in defence exports and the growth of renewable energy, India …
Read MoreWhy in the news? The Union government’s increasing use of cess, reducing the share of divisible taxes to states, has sparked concerns over federalism and financial fairness for state governments. Cess as a Tool to Centralise Revenue: Cess is a specific tax imposed for a designated purpose but not shared with state governments. The Modi …
Read MoreWhy in the News? The Periodic Labour Force Survey (PLFS) from July 2023 to June 2024 shows that India’s unemployment rate (UR) remains unchanged at 3.2%, similar to the previous year. Despite a slight increase in agricultural workforce participation, manufacturing employment shows no growth. Workforce Participation Increases: The Labour Force Participation Rate (LFPR) rose in …
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