Current Affair Category: Indian Economy

Why in News ? The Reserve Bank of India’s (RBI) outstanding net forward sales of the dollar have surged to $67.93 billion as of December 31, 2024, as the central bank intensified its efforts to stabilise the rupee. This marks a significant increase in outstanding forward dollar sales of $14.58 billion just three months ago […]

The Yogi government  has presented the budget for the financial year 2025-26. The budget amounts to ₹8,08,736.06 crore, marking a 9.8% increase compared to the 2024-25 budget. The Yogi government has focused on the welfare of farmers, youth, women, and children in this budget. Key points : 1. Focus on Women Empowerment: Rani Laxmibai Scooty […]

Why in News? The Union Government has released the 15th Finance Commission Grants for Rural Local Bodies (RLBs) in Bihar, Haryana, and Sikkim for the financial year 2024–25. Key Points: Grant Details: Bihar: Second Instalment: ₹821.8021 crores. Withheld Portion of First Instalment: ₹47.9339 crores. Allocated to: 38 District Panchayats. 530 Block Panchayats. 8,052 Gram Panchayats. […]

The Prime Minister’s Dhan-Dhanya Agriculture Scheme (PMDKY) was announced by Finance Minister Nirmala Sitharaman on February 1, 2025, during the presentation of the Union Budget. This initiative aims to increase agricultural productivity in the underdeveloped districts across India. The program is inspired by the successful Aspirational District Program (ADP) launched in January 2018. PMDKY is […]

Guardians of ‘Green Gold’ – Konda Reddi Tribe Overview: Location: Godavari Valley, Andhra Pradesh; specifically, Alluri Sitarama Raju district. Lifestyle: Engage in agriculture, fishing, and Non-Timber Forest Produce (NTFP) collection. Significance: Preserve and utilize Konda Veduru bamboo for food, instruments, and commercial purposes. Konda Veduru Bamboo (Dendrocalamus strictus): Habitat: Endemic to South Asia; dominates 53% […]

Why in News? India’s initiative to finance green projects through Sovereign Green Bonds (SGrBs) is reportedly facing low investor demand. This has restricted the Union government’s ability to achieve a “greenium” (a green premium characterized by lower yields on green bonds compared to conventional bonds). The muted response highlights the challenges in raising cost-effective green […]

Why in News? The Income-tax Bill, 2025, was introduced in the Lok Sabha to simplify India’s direct tax framework, replacing the six-decade-old Income-tax Act, 1961. It aims to streamline provisions, remove obsolete references, and provide a concise, user-friendly structure. Once enacted, the new law will come into effect from April 1, 2026. Key Points : […]

What is Net International Investment Position (NIIP) ? The Net International Investment Position (NIIP) is a key measure of a country’s financial standing in the global economy, reflecting the difference between the value of its external financial assets (such as investments in foreign countries) and its external financial liabilities (such as foreign debt). It is […]

Why in News? The Green Domestic Product (GDKP) has recently been highlighted as a potential alternative to the traditional Gross Domestic Product (GDP) to measure economic progress. The rising global emphasis on sustainable development, environmental conservation, and achieving net-zero emissions has driven the need for a broader framework to assess the true cost of economic […]

 Why in News ? The Budget 2025-26 has  reduced the Basic Customs Duty (BCD) on imports to increase competition in the domestic economy. What is Basic Customs Duty (BCD)? Definition: Basic Customs Duty is a type of tax levied on goods imported into a country. Purpose: It serves as a protective measure for domestic industries […]