Current Affair Category: Indian Economy

Examining the Controversy Surrounding India’s Electronics Manufacturing Initiative: Introduction: A recent dispute between former RBI governor Raghuram Rajan and Minister of State for Electronics Rajeev Chandrasekhar has cast a spotlight on the efficacy of a crucial Central government initiative aimed at strengthening the electronics manufacturing sector in India. The crux of the disagreement revolves around […]

Source: The Hindu        Introduction: NITI Aayog, the premier policy think tank of the Government of India, recently released its eagerly anticipated report, titled ‘National Multidimensional Poverty Index: A Progress Review 2023.’ This report brings to light the remarkable strides made by India in addressing multidimensional poverty, showcasing the efforts to uplift millions from deprivation […]

Source: The Indian Express  Introduction The Indian banking sector has experienced a notable turnaround in its non-performing assets (NPA) ratio, reflecting an overall improvement in its financial health. After grappling with the highest NPA ratio among emerging economies just a few years ago, Indian banks have made significant progress in reducing bad loans. Understanding Bad […]

The introduction of Time-of-Day Tariff: A game changer for electricity consumers and the power sector Introduction: The Ministry of Power has recently implemented Time-of-Day (ToD) tariff for electricity, a significant change in the power sector. This article aims to explore the concept of ToD tariff, its impact on consumers, and its importance for the power […]

Introduction: India is actively exploring the possibility of developing salt cavern-based strategic oil reserves in Rajasthan, which would mark a significant shift from the existing rock cavern-based storage facilities. This feasibility study conducted by Engineers India (EIL) aims to increase the country’s storage capacity and bolster its energy security measures. If successful, the implementation of […]

Reserve Bank of India’s draft master directions on cyber resilience and digital payment security controls for payment system operators (PSOs) Introduction The Reserve Bank of India (RBI) has released a draft of the Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators (PSOs). These directions aim to provide regulatory guidelines […]

Introduction: The S&P Global India Manufacturing PMI reached a 31-month high in May, indicating a significant upswing in business activity. The rise in the Purchasing Managers’ Index (PMI) reflects strong growth in both the manufacturing and service sectors, suggesting an overall positive outlook for the Indian economy. This article examines the key insights from the […]

Introduction: India, despite its rapid economic growth and global influence, faces a grave challenge: being at the top of the Global Slavery Index 2023, with an estimated 11 million people trapped in modern slavery. The Walk Free Foundation’s report sheds light on the urgent need for comprehensive measures to combat this issue. This article aims […]

Introduction: India’s National Statistical Office (NSO) has recently released provisional national income data, revealing that the country’s GDP growth in the January to March 2023 quarter reached 6.1%. This growth rate stands out as the fastest among major economies, indicating better prospects for the current year compared to previous expectations. Despite challenges posed by the […]