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13Jan 2025

Gold Import Data Revision: Impact on Budget Policy

Syllabus: 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 …

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04Oct 2024

India’s service exports surge amid goods decline

Syllabus: 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 …

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