Current Affair Category: Indian Economy

Introduction: The World Inequality Lab’s recent working paper, titled “Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj”, authored by Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty, and Anmol Somanchi, sheds light on significant trends in income and wealth distribution in India over the past century. This paper utilizes a comprehensive […]

Introduction The gender pay gap, often cited as a significant marker of inequality between men and women in the workforce, has garnered attention worldwide. A recent report by the World Bank Group revealed that globally, women earn approximately 77 cents for every dollar earned by men, sparking discussions on the underlying causes and implications of […]

Introduction to T+0 Settlement: Recently, the Securities and Exchange Board of India (SEBI) gave the green light for the introduction of the beta version of T+0 settlement on an optional basis. What is T+0 Settlement? T+0 settlement signifies that the funds and securities involved in a transaction will be settled on the very day the […]

Introduction: Recent developments in sustainable energy initiatives have seen the Sri Lanka Sustainable Energy Authority collaborating with an Indian company to construct Hybrid Renewable Energy Systems in Nainativu Island, along with Delft and Analaitivu islands, situated off the Jaffna peninsula. Overview of Nainativu Island: Nainativu Island, situated in the Palk Strait between Sri Lanka and […]

Introduction: Gujarat’s dairy cooperatives have pioneered an innovative approach to augment farmers’ income by capitalizing on the potential of dung. Through the conversion of dung into Bio CNG and fertilizer, these cooperatives are not only contributing to the energy sector but also bolstering the agricultural economy. BioCNG Outlet: Revolutionizing Energy Supply: In the heart of […]

The Securities and Exchange Board of India (SEBI) has raised a red flag against a surge in fraudulent activities targeting investors through deceptive trading platforms. These platforms falsely purport affiliation with SEBI-registered Foreign Portfolio Investors (FPIs), enticing individuals with promises of lucrative trading opportunities. Modus Operandi of Fraudsters SEBI has received numerous complaints outlining the […]

Introduction: The electric vehicle (EV) market is witnessing significant interest from global players like Tesla, BYD, and VinFast in India. Each company’s proposal is met with distinct policy responses from the Indian government, reflecting the nation’s evolving strategy towards EV adoption. Tesla’s Entry Strategy: Tesla, led by Elon Musk, is engaging in discussions with the […]

Introduction: The Reserve Bank of India (RBI) has recently instructed Paytm Payments Bank Limited to cease operations by March 15, 2024, which raises concerns about the continuity of Paytm’s Unified Payments Interface (UPI) services. In response, the RBI has urged the National Payment Council of India (NPCI) to evaluate One97 Communications’ (OCL) request to function […]

Introduction The Household Consumption Expenditure Survey 2022-23 provides valuable insights into the changing consumption patterns and standards of living across India. This article explores five key questions answered by the survey, shedding light on trends in spending habits, nutritional consumption, inflation measurement, imputed expenditure data, and disparities in living standards among states and union territories. […]

The ongoing debates surrounding Minimum Support Prices (MSPs) in India merely scratch the surface of a profound agricultural crisis. While farmer protests clamor for legal assurances on MSPs, the underlying issues extend far beyond this singular policy aspect. Delving deeper reveals a landscape where Indian agriculture has long been unrewarding for the majority of farmers. […]