About Index of Eight Core Industries
Context: The combined Index of Eight Core Industries (ICI) increased by 5.2 per cent (provisional) in March, 2024 as compared to the Index in March, 2023. The production of Cement, Coal, Electricity, Natural Gas, Steel and Crude Oil recorded positive growth in March 2024. Relevance: GS III- Indian Economy About Index of Eight Core Industries: Released by: The […]
Rupee Depreciation Against US Dollar
Context: Between April-end 2014 and the present, the Indian rupee has depreciated by 27.6% against the US dollar, from Rs 60.34 to Rs 83.38. This depreciation is slightly higher than the 26.5% witnessed from April-end 2004 to April-end 2014, during which the rupee fell from 44.37 to 60.34 against the dollar. Relevance: GS III: Indian […]
Critical Minerals
Context: The ‘Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities’ commenced at the India Habitat Centre, New Delhi. Relevance: GS III- Indian Economy Dimensions of the Article: What are Critical Minerals? Why is this resource critical? What is China ‘threat’? What are countries around the world doing about it?
Nasscom Releases Patenting Trends in India
Context: Nasscom recently unveiled the Patenting Trends in India report on World Intellectual Property Day. Relevance: GS III: Indian Economy Dimensions of the Article: World Intellectual Property Day Historical Background: Patenting Trends in India Report Trends: Key Areas: Artificial Intelligence (AI): -Source: The Hindu
Remission of Duties and Taxes on Exported Products Scheme
Context: The government is setting up a system to verify that only taxes paid on materials used (input duties) are refunded under the RoDTEP scheme. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Taxation) Dimensions of the Article: Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme Features of RoDTEP Scheme RoDTEP Benefits
Declining Household Savings Sparks Debate in India
Context: The recent decline in household savings, driven by a significant reduction in net financial savings, has become a central topic of debate in India. Relevance: GS III: Indian Economy Dimensions of the Article: Interpreting Lower Financial Savings Net Financial Savings of Household: Gross Financial Savings: Household Borrowing: Factors Reducing Household Net Financial Savings: Implication […]
India’s Pulses Imports Surge 84% in FY 2024
Context: India’s imports of pulses surged by 84% in fiscal 2024, reaching a six-year high. This significant increase is attributed to lower domestic production and the government’s decision to waive import duties on red lentils and yellow peas. Relevance: GS III: Indian Economy Dimensions of the Article: Current Status of Pulses in India Overview: Imports […]
Bitcoin Halving: An Overview
Context: The cryptocurrency community is gearing up for the upcoming Bitcoin halving event, which is likely to be held this weekend. Relevance: GS III: Indian Economy Dimensions of the Article: Bitcoin Halving: An Overview How Does Bitcoin Halving Occur? Blockchain Technology and Mining: Halving Mechanism: Impact on the Crypto Market: Scarcity and Price Pressure: Potential […]
Global Financial Stability Report 2024
Context: The International Monetary Fund (IMF) has released the Global Financial Stability Report 2024, focusing on ‘The Last Mile: Financial Vulnerabilities and Risks.’ The report cautions about the risks to the global financial system stemming from persistent high inflation, escalating lending in the unregulated credit market, and growing cyber-attacks targeting financial institutions. Relevance: GS III: […]
Tamil Nadu’s Economic Transformation Driven by Diversification and Industrialization
Context: Tamil Nadu’s economic landscape is experiencing a substantial transformation, transitioning from its traditional agricultural base to a more diversified and industrialized economy. This shift is primarily attributed to the rise of cluster capitalists and ‘entrepreneurs from below,’ who are spearheading growth across various industry sectors. Relevance: GS III: Indian Economy Dimensions of the Article: […]