Current Affair Category: Indian Economy

Introduction The recent Union Cabinet approval marks a significant milestone in the progression of the Sixteenth Finance Commission. The Commission’s pivotal task revolves around formulating a comprehensive revenue-sharing formula between the Central government and the States. Commencing its operations from April 1, 2026, this pivotal period holds crucial implications for India’s fiscal landscape. Unveiling the […]

Introduction The Indian government is gearing up to fortify its energy sustainability with a strategic move—mandating the blending of compressed biogas (CBG) with natural gas. This progressive initiative aims to significantly diminish the nation’s dependence on natural gas imports while concurrently reducing emissions. Phased Implementation Initial Phase (April 2025) Commencing the mandatory blending at a […]

Introduction: Prime Minister Modi’s recent declaration to extend the Pradhan Mantri Garib Kalyan Ann Yojna for another five years has sparked discussions regarding India’s economic trajectory. While aiming for a $5 trillion GDP by 2028, concerns persist about hunger, wealth disparity, and societal inclusivity. This article examines India’s economic aspirations in comparison to Japan’s challenges, […]

                  Core Concept: Globally, the lion’s share of energy stems from fossil fuels, while renewable sources contribute a mere fraction. India grapples with a twofold challenge: catering to burgeoning energy needs while fostering sustainable development, its energy supply per capita trailing the global average. Imperative of Electricity […]

Introduction The Reserve Bank of India (RBI) has made a significant alteration in the financial landscape by augmenting the cost of funds for both banks and non-banking financial companies (NBFCs). This adjustment comes in the form of an amplified risk weight assigned to certain loans. Unveiling the Change Recently, the RBI has chosen to heighten […]

Introduction: Anticipation surrounds the imminent inauguration of India’s pioneering infrastructure marvel, the new Pamban Bridge, scheduled to be unveiled by the Prime Minister within the next few months. Bridge Overview: The groundbreaking bridge links Rameswaram on Pamban Island to Mandapam on the Tamil Nadu mainland, boasting several significant advancements over its predecessor, the iconic 1914 […]

Introduction: The Vadhavan Port Project Ltd. (VPPL) is set to embark on a monumental undertaking with the initiation of the construction process for the ambitious ₹76,220 crore Vadhavan Port. In the coming months, public hearings will mark a crucial phase in this colossal project. Overview of Vadhavan Port: Project Scope: The Vadhavan Port is a […]

Introduction The National Mineral Development Corporation (NMDC) Ltd., a prominent player in India’s mineral industry, is set to embark on a new venture in gold mining. This expansion comes through its subsidiary, Legacy Iron Ore Ltd., situated in Western Australia. This move marks a significant diversification in NMDC’s mineral portfolio. About the National Mineral Development […]

Introduction In the realm of online commerce, Payment Aggregators (PAs) and Cross Border transactions (CB) play pivotal roles in facilitating seamless payment processes. This article provides insights into their functions, regulations, and distinctions. Payment Aggregator (PA): Streamlining Payment Processes Definition and Function A Payment Aggregator, also known as a merchant aggregator, is a third-party service […]

Introduction: The Food Safety and Standards Authority of India (FSSAI) has taken a significant stride towards ensuring food safety and accessibility, particularly for visually impaired individuals, by recommending the incorporation of QR codes on food products. This move holds great significance in a country with one of the world’s largest markets for packaged foods and […]