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Defence exports hit new record of ₹23622 crore in 2024-25

Background Context Relevance : GS 2 (Governance, International Relations ) Key Highlights of the 2024-25 Defence Export Growth Strategic Implications  Enhancing India’s Global Defence Footprint Boosting Self-Reliance and Atmanirbhar Bharat Economic and Employment Benefits Technology Advancement and Innovation Challenges & Way Forward Global Competition & Geopolitics Regulatory and Policy Bottlenecks Need for Higher Private Sector Participation […]

House Standing Committee concerned over vacancies in nuclear and research projects

The Parliamentary Standing Committee has raised concerns over significant vacancies in India’s premier nuclear and research institutions, potentially impacting the country’s scientific and energy ambitions. Relevance : GS 2(Governance) ,GS 3(Research , Development) Key Findings from the Parliamentary Standing Committee Report Related Developments Government’s ₹20,000 Crore Push for Small Modular Reactors (SMRs) Previous Concerns Over India’s Scientific […]

Non-performing assets of banks at multi-year low

Context : The Banking Regulation Bill and financial reforms have led to record-low NPAs, high PSB profits, and expanded financial inclusion. Relevance : GS 2(Governance) ,GS 3(Economy ) Banking Regulation Bill: Key Amendments Non-Performing Assets (NPAs) at Multi-Year Low Record Profitability of Public Sector Banks (PSBs) Government Stance on Wilful Defaulters Debt Waivers and Alternative Support for […]

Panel seeks comprehensive review of GST framework

Context : The PAC has urged the Finance Ministry to simplify the GST regime by eliminating unnecessary compliance burdens, improving the refund mechanism, and leveraging AI for better revenue forecasting. Key recommendations focus on easing MSME compliance, ensuring fair penalties, and streamlining the GST portal for user-friendliness. Relevance : GS 2 (Governance & Transparency) ,GS 3 (Indian Economy & Taxation) Need […]

The role of communities in conserving water

Context : Community-led water conservation is vital for sustainable management, yet policies often limit their decision-making role. Strengthening traditional practices, integrating ecological perspectives, and ensuring climate resilience can enhance water governance. Relevance : GS 1(Society ) ,GS 2(Governance) ,GS 3(Environment ) Importance of Community Participation in Water Conservation Addressing Vulnerability in Water Policies Overcoming Fragmentation in Water […]

Social protection coverage doubled to 48.8% in 2024

Overview of Social Protection Expansion Relevance : GS 2(Governance ,Social Issues, Welfare Schemes) Historical Context & Challenges 1. Evolution of Social Protection in India 2. Gaps in Coverage Before 2021 Implications and Future Prospects 1. Strengthening Universal Social Security 2. Economic and Social Impact 3. Challenges and Policy Recommendations

Evolution of BHIM and Digital Payments in India

Introduction Bharat Interface for Money (BHIM) 3.0, launched by NPCI BHIM Services Ltd. (NBSL), introduces advanced features to enhance user experience and financial planning. The key highlight is its ability to track shared expenses, making digital transactions more transparent and user-friendly. Relevance : GS 2(Governance, Digital India, and Financial Inclusion) , GS 3(Indian Economy, Fintech, and Cybersecurity) Evolution of BHIM and Digital […]