Current Affair Category: Indian Economy

January 6, 2025

income inequality in India has reduced in 2022-23/भारत में आय असमानता 2022-23 में कम हो गई है

Why in News ? After worsening in the aftermath of the Covid-19 pandemic in 2020-21, income inequality in India has reduced in 2022-23. Key Points: 1. Post-Pandemic Income Inequality Trends: Income inequality, worsened by the Covid-19 pandemic in 2020-21, has reduced in 2022-23, reflecting effective post-pandemic recovery measures. The Gini index improved from 0.506 in […]



January 6, 2025

Export Inspection Council (EIC):/ निर्यात निरीक्षण परिषद (EIC):

Why in News?  Recently, the EIC initiated a gap assessment study to evaluate the food testing infrastructure for exports, identifying any shortcomings in facilities and processes that may impact the quality assurance of exported goods. About EIC: The Export Inspection Council (EIC) is a statutory body set up by the Government of India under the […]



January 3, 2025

Centre for Monitoring Indian Economy (CMIE)

Centre for Monitoring Indian Economy (CMIE): The Centre for Monitoring Indian Economy (CMIE) is a leading private organization in India that provides independent economic data, analysis, and forecasts. It plays a significant role in tracking employment trends and offering insights into the Indian economy. Key Aspects of CMIE and Employment Data: 1. Employment and Unemployment […]



January 2, 2025

Continuation of Pradhan Mantri Fasal Bima Yojana and Restructured Weather-Based Crop Insurance Scheme/प्रधान मंत्री फसल बीमा योजना और पुनर्निर्मित मौसम आधारित फसल बीमा योजना की निरंतरता:

The Union Cabinet has approved the continuation of Pradhan Mantri Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme (RWBCIS) till 2025-26 with a total budget of ₹69,515.71 crore. Continuation of Pradhan Mantri Fasal Bima Yojana and Restructured Weather-Based Crop Insurance Scheme Approval for continuation: The Union Cabinet has approved the continuation of these […]



January 1, 2025

India’s Coffee Export Growth/ What is Foreign Subsidies Regulation (FSR)?

 India’s coffee exports rose to a record high of $1,146.9 million between April and November in FY24, compared to $803.8 million during the same period last year, registering a 29 per cent rise. Key Points: India’s Coffee Export Growth: India, traditionally a tea exporter, has made significant progress in the global coffee market. Coffee exports […]



December 31, 2024

The Reserve Bank of India (RBI): Financial Stability Report (FSR) Dec 2024/वित्तीय स्थिरता रिपोर्ट (FSR)

The Reserve Bank of India (RBI) released its Financial Stability Report (FSR) for December 2024, providing a comprehensive assessment of the resilience of India’s financial system and identifying potential risks to financial stability. Key Highlights from the Report: Global Economic Outlook: The global economy and financial system exhibit resilience, with near-term risks diminishing. However, medium-term […]



December 28, 2024

Daily Current Affairs UPSC: 28 Dec 2024/What is  Manmohanomics ? Dr. Manmohan Singh’s Economic Philosophy/मनमोहनोमिक्स क्या है? डॉ. मनमोहन सिंह का आर्थिक दर्शन:

What is  Manmohanomics ? Dr. Manmohan Singh’s Economic Philosophy: Manmohanomics refers to the economic philosophy and policies associated with Dr. Manmohan Singh, particularly his approach to liberalizing and reforming the Indian economy. It encapsulates his contributions to economic theory, governance, and policymaking, which emphasized a mix of market-oriented reforms and social equity. Planning vs. Market […]



December 27, 2024

What is Real Effective Exchange Rate ?

 Why in News? As rupee hits new lows, real effective exchange rate soars to an all-time high REER Hits Record High: The Real Effective Exchange Rate (REER) of the Indian rupee reached an all-time high of 108.14 in November 2024, representing a 4.5% increase from the start of the year. The REER measures the rupee’s […]



December 27, 2024

Dr. Manmohan Singh : Life/ History/Legacy/Contributions/डॉ. मनमोहन सिंह : जीवन/इतिहास/विरासत/योगदान

Dr. Manmohan Singh, a prominent Indian economist, academic, and politician, has made significant contributions to India’s political and economic landscape. His tenure as the Finance Minister (1991–1996) and later as the Prime Minister of India (2004–2014) marked transformative phases in the country’s economic and political history. Early Life and Education: Birth: Born on 26 September […]



December 24, 2024

GST Council meeting 2024 : Issues & Challenges/जीएसटी परिषद की बैठक 2024: मुद्दे और चुनौतियाँ

GST Classification and Rate Structure The multiple tax rates applied to similar goods and services have created confusion and inefficiencies in the GST system. Examples: Popcorn is taxed differently based on its preparation and packaging, with rates of 5%, 12%, and 18%. Buns and cream buns are categorized under separate tax rates. Frozen parathas and […]



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Indian Economy | Vaid ICS Institute