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IMF Cuts Global Growth Forecast, Raises India Outlook Why in the News ? The International Monetary Fund (IMF) has revised down global growth projections for 2026 due to the West Asia conflict, while slightly raising India’s growth forecast, highlighting resilience despite global uncertainties and rising energy prices. This revision comes amid growing concerns about balancing …
Read MoreWorld Bank Raises India Growth Forecast to 6.6% Why in the News ? The World Bank has revised India’s GDP growth forecast upward to 6.6% for FY 2026, citing strong domestic demand, private consumption, and trade agreements. India continues to be the primary growth engine of South Asia despite global economic uncertainties. India’s Growth Outlook …
Read MoreRBI Holds Repo Rate Amid Growth And Inflation Concerns Why in the News ? The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25%, while revising GDP growth downward to 6.9% for FY27. The decision reflects rising risks from global conflicts, oil prices, and inflation uncertainties. Key Monetary Policy Decisions: The …
Read MoreWest Asia War Raises Inflation Risks Globally Why in the News ? The ongoing West Asia conflict, particularly the US-Iran tensions, has triggered a surge in crude oil prices, raising concerns about inflation in India. Alongside a possible El Niño, these factors may disrupt economic stability and policy decisions. Key Drivers of Rising Inflation The …
Read MoreIBC Amendment 2026 Passed to Strengthen Insolvency Framework Why in the News ? Parliament has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, aiming to resolve procedural delays, enhance transparency, and strengthen the insolvency framework. The reforms seek to improve resolution efficiency, creditor recovery, and overall financial system stability. Key Features and Amendments in …
Read MoreA REVISION OF GDP AND ITS IMPLICATIONS Why in the News? India has released a revised GDP series with 2022–23 as the new base year, replacing the earlier 2011–12 base year series. The revision reduces the estimated absolute size of GDP and alters the sectoral composition of production in the economy. While the correction in …
Read MoreRising Subsidy Culture Threatens India’s Fiscal Sustainability Syllabus: GS-2: Fiscal Policy , Monetary Policy, Mobilization of Resources Why in the News ? The 16th Finance Commission (FC) and a recent Asian Development Bank (ADB) study have raised concerns about the rapid growth of subsidies and unconditional transfers in India. These expenditures are expanding faster than …
Read MoreFiscal Federalism Debate Over States’ Share in Taxes Why in the News ? The Union government accepted the Sixteenth Finance Commission (FC16) recommendation retaining States’ share at 41% of the divisible tax pool. However, concerns have emerged as the divisible pool’s share in total tax revenues has declined, raising debates about Centre–State fiscal relations and …
Read MoreCabinet Amends FDI Rules on Bordering Countries Investments Why in the News ? The Union Cabinet has amended the 2020 foreign direct investment (FDI) guidelines under Press Note 3, allowing limited investments from countries sharing a land border with India without prior approval if the beneficial ownership is non-controlling and up to 10%, streamlining the …
Read MoreGovernment Prioritises Natural Gas Allocation Using Essential Commodities Act Why in the News ? The Ministry of Petroleum and Natural Gas (MoPNG) has invoked the Essential Commodities Act, 1955 to prioritise the allocation of natural gas to key sectors such as PNG, CNG, LPG production, and fertiliser plants, introducing a tiered supply framework to ensure …
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