RBI’s Inflation Target
Context: Recently, the Reserve Bank Governor Shaktikanta Das on Thursday emphasised on achieving the four-per cent inflation target for providing the necessary bedrock for sustainable growth. Relevance: GS III: Indian Economy Dimensions of the Article: Monetary Policy Review Understanding Inflation: Definition and Impact Definition of Inflation: Impact of Inflation in India: Causes of Inflation: Methodology […]
Logistics Performance Index LPI Report
Focus: GS III: Indian Economy Why in News? The Gati Shakti, a National Master Plan for multimodal connectivity has significantly contributed to the improvement of India’s rank in World Bank’s Logistics Performance Index Report 2023. About PM Gati Shakti: About Logistics Performance Index (LPI):
RBI Keeps Repo Rate Unchanged
Context: The Reserve Bank of India, in its recently published bi-monthly monetary policy announced to keep the repo rate unchanged at 6.5 percent. Relevance: GS III- Indian Economy Dimensions of the Article: What is the repo rate? Why is the repo rate such a crucial monetary tool? How does the repo rate work? What impact […]
India-China Trade Reach Record Levels
Context: The India and China bilateral trade hits record in 2023, which surpassed the figures in 2022. Relevance: GS-III: Indian Economy (International trade), GS-II: International Relations (India and its Neighbors) Dimensions of the Article: Highlights of the latest data on India-China trade in 2023: Understanding what we import and what we export to China India’s […]
Need to Push Investment in Research and Development
Context: Recently, the Government of India presented the Interim Budget in the Parliament for the year 2024-25. Relevance: GS Paper-3: Indian Economy and issues relating to Planning, Mobilization of Resources; Government Budgeting; Science and Technology- Developments and their Applications and Effects in Everyday Life Dimensions of the Article: Budget: Allocation of funds for R&D: Present […]
Need To Restore WTO’s Authority
Context: Many countries have found an easy way to avoid complying with the WTO panel rulings making the body toothless. Relevance: GS III: Indian Economy Dimensions of the Article: WTO’s dispute settlement mechanism (DSM): World Trade Organization (WTO) Origin of WTO Functions of WTO Subsidies under WTO Amber Box Subsidies: Blue Box Subsidies: Green Box […]
Fiscal Deficit Target for FY25
Context: According to the experts, the Budget 2024-25 lowers fiscal deficit target to boost the investor Confidence. The government has set its fiscal deficit target for FY25 at 5.1% of GDP. Relevance: GS-3 Indian Economy Dimensions of the Article: Fiscal deficit target for FY25: Centre’s fiscal consolidation strategy: What is fiscal deficit? What is […]
Summary of the Interim Union Budget 2024-25
Focus: GS-3 Indian Economy Why in News? Recently, the Finance Minister of India presented the Interim Union Budget for 2024-2025 in Parliament. Key points:
Index of Eight Core Industries Witnesses Positive Growth
Focus: GS III- Indian Economy Why in News? The combined Index of Eight Core Industries (ICI) increased by 3.8per cent (provisional) in December 2023 as compared to the Index of December 2022. About Index of Eight Core Industries: Below image attached Eight Core Industries based on their weightage. Index of Industrial Production (IIP): Significance of IIP:
Drones can Revolutionise the Agriculture Sector
Context: The utilization of drones has the potential to transform the agricultural sector. The government’s focus on precision agriculture indicates that drones are on the verge of becoming a crucial element in farming practices. In Punjab, where drones were previously associated with illicit activities along the border, there is now a shift towards leveraging them […]