Current Affair Category: Indian Economy

Why In News ? Surging U.S. dollar spurs jump in corporate forex hedging. What is Corporate Forex Hedging? Corporate Forex Hedging refers to the strategies and techniques used by companies to protect themselves against risks arising from fluctuations in foreign exchange (forex) rates. Companies engaged in international trade, investments, or operations often encounter forex risks […]

Beggar-thy-Neighbour Policies: An Overview Beggar-thy-neighbour policies refer to protectionist measures that benefit one country at the expense of others. A common form of this is the imposition of tariffs and quotas on foreign goods. Governments and central banks may also engage in these policies through currency devaluation to boost exports and limit imports. Origins of […]

Why in News? The establishment of a Makhana Board in Bihar was announced in the Union Budget 2025-26 by Finance Minister Nirmala Sitharaman. This initiative is aimed at promoting the production, processing, and export of makhana (fox nuts), a key agricultural product of Bihar, especially in the Mithila region. The creation of the Makhana Board […]

Tax Cut to Boost Economy: The Centre’s decision to reduce the income tax burden aims to stimulate economic growth by increasing demand, savings, and investments while addressing public concerns. Addressing Public Angst: The tax cuts are a response to observed public discontent and an effort to revitalize weakening growth engines. All Engines of Growth to […]

Public Sector Banks will develop a ‘Grameen Credit Score’ framework to empower self-help groups (SHGs) and rural borrowers About Grameen Credit Score: Objective and Purpose: Main Objective: To simplify access to financial services and loans for rural borrowers. Empowerment of Self-Help Groups (SHGs): The system aims to help self-help groups (SHGs) and rural borrowers, who […]

 Why in news ? The Household Consumption Expenditure Survey (HCES) 2023-24, released by the Ministry of Statistics and Programme Implementation (MoSPI), provides critical insights into the consumption patterns, inequality, and urban-rural differences in India. Below are the highlights of the findings: Key Trends Average Monthly Per Capita Consumption Expenditure (MPCE): Rural India: ₹4,122 (without imputed […]

Why in news ? The government introduced the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), announced in the FY25 Budget. Objective: To provide credit guarantee coverage for loans up to ₹100 crore to eligible MSMEs for procuring equipment and machinery. Guarantee Coverage: The scheme offers 60% guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC) to Member Lending Institutions […]

Key findings: Rise in Female-Headed Enterprises The percentage of proprietary units headed by women in unincorporated, non-agricultural enterprises increased to 26.2% in 2023-24 from 22.9% in 2022-23. Highest Female-Headed Enterprises by State: West Bengal: 36.4% Karnataka: 35.2% Telangana: 34.1% Gujarat: 32.2% Female Workers in the Sector Share of Female Workers: Women comprised 28.1% of total workers in the unincorporated […]

Why in News ?  the terms was recently used regarding the   Jammu & Kashmir ‘s  recent step towards fiscal prudence. What is Fiscal Austerity? Fiscal austerity refers to the economic policies adopted by governments to reduce budget deficits and debt levels, primarily by cutting public spending, increasing taxes, or a combination of both. It is […]

Why in news ? The terms was recently used in an article that discusses about fiscal condition of Delhi Government & challenges. Eg-the GFD-GSDP ratio was within the Fiscal Responsibility Legislation (FRL) limit of 3%. GFD (Gross Fiscal Deficit): Definition: The Gross Fiscal Deficit is the total amount of government borrowing required to meet its […]