Current Affair Category: Indian Economy

Why in News ? The recent West Asia tension can cause oil supply disruption from the region to India . The regional and global oil flows and international oil prices could see high volatility in near future. • India is the world’s third-largest consumer of crude oil and depends on imports to meet over 85 […]

Why in News ? India has signed a protocol amending its tax treaty with Mauritius with an aim to plug treaty abuse for tax evasion and avoidance. •India and Mauritius has recently signed a protocol at Port Louis, amending the Double Taxation Avoidance Agreement (DTAA) between the two nations. •The amended pact includes the Principal […]

Why in News? The government has come up with a new platform to disburse subsidies to horticulture farmers under the Cluster Development Programme (CDP) .The platform is known as CDP-SURAKSHA. The move seeks to push the growth of India’s horticulture sector, which contributes nearly one-third to the agriculture gross value addition (GVA). About CDP-SURAKSHA: • […]

The WTO, however, lowered its forecast for growth in 2024 of world merchandise trade volumes to 2.6 per cent from 3.3 per cent it had projected in October last year as the impact of factors responsible for contraction in 2023 are still being felt. Global trade volumes are expected to get back to the growth […]

• Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold“. • It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years. • Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, […]

Why in News ? The latest surveys of the Reserve Bank of India has showed that Indian consumers are quite optimistic about the general economic situation, income spending and employment conditions and also expect inflation to moderate in the one year ahead period. Key points of survey: • Consumer confidence for the current period has […]

• In January, nearly 90 per cent of the laptops and personal computers (PCs) imported by India came from China. In the month before that, Beijing’s share was well over 89 per cent and, in November, the figure was 83 per cent. In all, until January in the 2023-24 financial year (FY), nearly eight out […]

Introduction Non-Performing Assets (NPAs) are a significant concern in the banking sector, impacting the financial health and stability of banks. In India, the Gross Non-Performing Assets (GNPA) are anticipated to witness an improvement, potentially decreasing to 2.1 per cent by the culmination of the fiscal year 2025. Overview of NPAs NPAs refer to loans or […]

Introduction: The India Employment Report 2024, jointly released by the Institute for Human Development and International Labour Organization, sheds light on the evolving employment scenario in India. This report, unveiled on Tuesday, March 26, offers crucial insights into the employment dynamics, particularly focusing on youths and women, while highlighting concerns and suggesting cautious measures for […]

Introduction: Recent reports have surfaced regarding the unauthorized cultivation of improved basmati rice varieties developed by the Indian Agricultural Research Institute (IARI) in Pakistan. This issue has raised significant concerns among Indian agricultural scientists and industry stakeholders, prompting discussions on the potential impact and necessary actions to address the situation. India’s Basmati Rice Exports Performance: […]