Current Affair Category: Indian Economy

India’s top 1 per cent income and wealth shares have reached historical highs and are among the very highest in the world. What report suggests? It suggests raising phenomenally large tax revenues while leaving 99.96 per cent of the adults unaffected by the tax. Outlining a baseline scenario, the report said, a 2 per cent […]

Why in News ? According to the United Nations Convention on Combating Desertification (UNCCD) , about half of the world’s rangelands are degraded and need policy interventions, and communities depending on them need focused support. Key points of the report: Nearly 50% of the world’s rangelands can be considered “degraded” and are facing a “silent […]

Despite of facing various economic/trade restrictions due to war against Ukraine  , the Russian economy is doing fairly well. Factors Contributing to Russia’s Resilience: High Energy Prices: Global oil and gas prices surged after the war began, boosting Russia’s export revenue despite some discounts on its oil. Pivot to New Markets: Russia has redirected energy […]

Why in News?  The Chief Economic Adviser V Anantha Nageswaran has recently said that \the country needs further capital market reform 2.0 to meet the growing needs of the economy. He said that India will be entering into the JP Morgan government bond index. We have to deal with that and subsequently, starting in January […]

Why in news ? Bank, the central bank of Norway, has excluded Adani Ports and Special Economic Zone (APSEZ) from its Government Pension Fund Global, over the ‘unacceptable risk’ the company contributes to human rights violations during the times of war and conflicts. The Norwegian Government Pension Fund Global GPFG is one of the world’s […]

Black money is essentially money that evades the formal financial system. Here’s a breakdown of its characteristics, sources, and how governments tackle it: What is Black Money? Black money refers to income that goes unreported and untaxed. It can come from two main sources: Illegal Activities: This includes money earned through crimes like drug trafficking, […]

Why in News? India VIX, which is an indicator of the market’s expectation of volatility over the near term, surged past the 21 mark . The rise shows that fear among traders or market participants on the expected volatility is more now, as compared to 15 days earlier. Currently, the fear among the market players […]

To take ahead the ‘LiFE’ – ‘Lifestyle for Environment’ movement announced by the Hon’ble Prime Minister in 2021, the Ministry of Environment, Forest and Climate Change has introduced two pioneering initiatives that indicate the country’s pro-active approach to climate change, sustainability and promotion eco-conscious practices. These initiatives, the Green Credit Program (GCP) and the Ecomark […]

Private Final Consumption Expenditure (PFCE) refers to the spending by households and non-profit institutions serving households (NPISHs) on goods and services. It’s a crucial component in calculating a country’s Gross Domestic Product (GDP). PFCE: Households: This includes spending by individuals and families on things like food, clothing, housing, transportation, entertainment, and healthcare. Non-Profit Institutions Serving […]

Why in news? The term bank run was in news recently. What is Bank run?A bank run happens when a large number of depositors withdraw their money from a bank at the same time because they fear the bank is going bust (failing). It’s a self-fulfilling prophecy in a way, as the mass withdrawal can […]