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INDEX OF SERVICES PRODUCTION (ISP): INDIA’S NEW MEASURE OF SERVICES SECTOR Why in the News? Statistical Milestone: The Ministry of Statistics and Programme Implementation (MoSPI) released the trial and inaugural Index of Services Production (ISP), introducing India’s first high-frequency index to measure services sector performance. Strong Growth: In April 2026, 14 out of 19 service …
Read MoreIMF LOWERS GLOBAL GROWTH FORECAST TO 3%; INDIA’S TO 6.4% Why in the News? IMF Outlook Update: The International Monetary Fund lowered its 2026 global growth forecast to 3.0% and marginally reduced India’s GDP growth forecast for FY2026–27 from 6.5% to 6.4%. Reason: The revision reflects heightened uncertainty due to West Asia tensions, elevated energy …
Read MoreFOUR CHALLENGES THAT DEMAND ATTENTION IN INDIA’S FTAs Why in the News? India–Oman Comprehensive Economic Partnership Agreement (CEPA) came into effect on 1 June, expanding India’s network of Free Trade Agreements (FTAs) and enhancing international trade opportunities. India currently has 15 FTAs covering 27 countries, while 9 additional trade agreements with 42 countries are under …
Read MoreGREATER TRANSPARENCY IN INDIA’S BANKING SYSTEM Syllabus: GS 3: Banking system Issues related to Banking system Why in the News? The Reserve Bank of India (RBI) released draft amendments to Basel III Pillar 3 disclosure norms to enhance transparency, strengthen market discipline, and align Indian banking disclosures with global regulatory standards. BASEL III FRAMEWORK ● …
Read MoreRupee Slide and Fragile Five: Economic Warning Signs Syllabus: GS-2: Fiscal Policy , Monetary Policy, Capital Market Why in the News ? The Indian rupee recently hit an all-time low of ₹95.33 per US dollar, marking a 12% depreciation over the past year. This sharp fall has raised concerns about a return to the “Fragile …
Read MoreFicci Opposes Extended Audit Restrictions in Proposed Law Why in the News ? Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the government to drop a proposed audit rule change under the Companies Act amendment, citing higher costs, reduced efficiency, and potential decline in service quality for corporates. FICCI’s Concerns Over Proposed …
Read MoreDeregulation in focus, the bet is on entrepreneurs Why in the News? The deregulation reforms aim to free Indian industry from unnecessary, time-consuming, and complex regulatory procedures. It seeks to promote a trust-based regulatory framework instead of excessive compliance burdens. The initiative is designed to prepare India for the Free Trade Agreements (FTAs) currently under …
Read MoreRupee Weakens Past 94 Amid Oil Price Surge Why in the News ? The Indian rupee has depreciated beyond ₹94 per U.S. dollar, marking its fourth consecutive fall, due to rising crude oil prices, global uncertainty, and capital outflows, despite intervention by the Reserve Bank of India. Recent Trends in Rupee Depreciation: Exchange Rate Fall: …
Read MoreRBI Holds Repo Rate Steady Amid Global Risks Why in the News ? The Reserve Bank of India Monetary Policy Committee (MPC) has kept the repo rate unchanged at 5.25%, citing global uncertainties, inflation risks, and supply disruptions, while maintaining a neutral stance to balance growth and price stability. Key Decisions of Monetary Policy Committee: …
Read MoreINDIA SLIPS TO SIXTH LARGEST ECONOMY Why in the News? Global ranking shift: International Monetary Fund data shows India slipped to sixth-largest economy in 2026 behind UK and Japan. Economic reassessment: GDP revision and rupee depreciation reduced India’s GDP in dollar terms, affecting its global ranking. Reasons behind India’s decline in global GDP ranking GDP …
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