Current Affair Category: Indian Economy

Why in News ?  The Reserve Bank of India (RBI) has raised the interest rate ceilings on Foreign Currency Non-Resident (Banking) FCNR(B) deposits to attract more foreign currency inflows. FCNR(B) deposits are foreign currency term deposits that Non-Resident Indians (NRIs) can open with Indian banks. Key Details: Revised Interest Rate Ceilings: For deposits of 1 […]

Why in News? Recently these terms were used in an article . What is Friendshoring? Friendshoring refers to the practice of relocating supply chains and manufacturing operations to countries that are politically and economically aligned with the home country, often to reduce risks associated with geopolitical tensions and ensure stable trade relationships. Key Features: Focuses […]

Progressive resource allocation methodology is a strategic framework for dynamically distributing resources—such as capital, manpower, technology, or materials—based on evolving priorities, outcomes, and constraints. This methodology emphasizes flexibility, adaptability, and continuous improvement to optimize efficiency and align with organizational goals. Key Features: Incremental Deployment: Resources are allocated in stages, allowing for adjustments based on feedback, […]

China Plus One : Niti Aayog Even as a new NITI Aayog report, the ‘Trade Watch’, released recently, says that India has seen “limited success so far” in capturing the ‘China Plus One’ strategy. Key Points : India’s Limited Success in the ‘China Plus One’ Strategy: The NITI Aayog report notes India has not fully […]

Why in News? The government has recently  withdrew the windfall gains tax on domestic production of crude oil and export of diesel, petrol, and aviation turbine fuel (ATF), scrapping the levy that was introduced 30 months ago amid a surge in the prices of crude oil and key fuels in the international market in the […]

Article Published : The Indian Express ( 02/12/2024) Important for –GS1/GS 2/GS 3/ Social Issues/ Welfare Scheme/economic Impact/ Inclusive growth Gist/ Summary of the Article: The article discusses the benefits and drawbacks of women-targeted cash transfer schemes in India, such as West Bengal’s Lakshmir Bhandar and Maharashtra’s Ladki Bahin Yojana, which provide monthly payouts to […]

What India’s AI Safety Institute could do?  Article Published : The Hindu ( 02/12/2024) Important for –GS 3 Gist/ Summary of the Article: The article discusses the plans of the Indian government, through the Ministry of Electronics and Information Technology (MeitY), to establish an AI Safety Institute under the IndiaAI Mission. This initiative aligns with […]

Why in News? The Union Cabinet approved the PAN 2.0 Project recently, for PAN to be made the “the common identifier for businesses” and to make PAN as the “single source of truth and data consistency”. The 10-digit alphanumeric Permanent Account Number (PAN), issued by the Income Tax Department, is set for an upgrade, with a QR […]

India has a persistent trade deficit in merchandise trade but a consistent surplus in the services trade, reflecting the critical role of the service sector in mitigating economic imbalances. The trade deficit and the robust service sector together paint a nuanced picture of India’s economic strengths and challenges. Understanding Trade Deficit A trade deficit occurs […]

Solar Energy Corporation of India (SECI) The Solar Energy Corporation of India (SECI) is a government-owned enterprise under the Ministry of New and Renewable Energy (MNRE). Established in 2011, it plays a key role in promoting renewable energy, particularly solar energy, in India. SECI is pivotal in achieving India’s ambitious renewable energy targets and fostering […]