Current Affair Category: Indian Economy

Why in News?   The Reserve Bank of India (RBI), India’s central bank, has made a significant monetary policy decision. The cut in the repo rate by 25 basis points (0.25%) and the reduction of the growth projection from 6.7% to 6.5% signal a shift in the economic outlook. Why Important For UPSC? Prelims : Repo  […]

Why in News ? The Union Cabinet  has recently approved the “Modernisation of Command Area Development and Water Management (MCADWM)” sub-scheme under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). This initiative reflects the government’s ongoing commitment to improving water management and supporting farmers, especially those with small landholdings, amid challenges like water scarcity and climate […]

Why in News? The Pradhan Mantri MUDRA Yojana (PMMY) completed 10 years since its inception, and Prime Minister Narendra Modi interacted with beneficiaries to celebrate this milestone. He highlighted the success of the scheme in empowering marginalized individuals through financial inclusion and entrepreneurship support. Key Points from the News Achievements of PMMY: 52 crore loans […]

Why in News?  The approval of the Vibrant Villages Programme-II (VVP-II) by the Union Cabinet on April 4, 2025, marks a significant step in India’s efforts to strengthen its border areas. this initiative builds on the earlier Vibrant Villages Programme-I (VVP-I), focusing on comprehensive development of villages along international land borders (excluding northern borders covered […]

Why in News? US President Donald Trump recently announced the imposition of ‘reciprocal tariffs’ on imports from various countries, including India, as a measure to address trade imbalances. Unveiled on April 2, 2025, and set to take effect in phases starting April 5, 2025, this policy has triggered widespread global attention. The announcement has raised […]

Why in News ?  Rajya Sabha has passed the Protection of Interests in Aircraft Objects Bill, 2025, which seeks to provide legal clarity on disputes between airlines and lessors regarding aircraft and engines. The Bill implements provisions of the Cape Town Convention, addressing challenges airlines like SpiceJet and Go First have faced in repossessing leased […]

Why in News ?  Foreign Portfolio Investors (FPIs) have been heavily selling Indian stocks, yet they have invested $6 billion (Rs 51,370 crore) into Fully Accessible Route (FAR) bonds since January 2024. In March alone, they invested Rs 29,044 crore in Indian bonds. This shift is linked to India’s inclusion in the JP Morgan Emerging […]

The Yamuna Expressway Industrial Development Authority (YEIDA) is a government organization established under the Uttar Pradesh Industrial Development Act, 1976. It oversees the planning, development, and management of industrial and urban areas along the Yamuna Expressway. Key Features and Objectives: Primary Focus: Developing industrial hubs, commercial spaces, residential areas, and infrastructural facilities along the Yamuna […]

Why in News ? The Indian government has proposed abolishing the 6% Equalisation Levy (EL) on digital advertisements, effective April 1, 2025, as part of amendments to the Finance Bill, 2025. This move aims to address US concerns about India’s high tariff policies and improve trade relations. It also aligns with global efforts to develop […]

Why in News ? The Government of India, as announced on March 25, 2025, has decided to end the medium-term (5-7 years) and long-term (12-15 years) deposit options under the Gold Monetisation Scheme (GMS). This scheme was initially launched in November 2015 to encourage people to deposit their idle gold in banks for productive use. […]