Current Affair Category: Indian Economy

Introduction: • India has recently made adjustments to its windfall tax on petroleum crude, reducing it to 1,700 rupees ($20.53) per tonne from the previous rate of 2,300 rupees per tonne, as outlined in a recent government notification. What is the Windfall Tax? • The concept of the windfall tax involves governments imposing levies on […]

Introduction: • The Indian economy’s remarkable growth in 2023 has garnered significant global attention, positioning it as a potential alternative for investors seeking diversification amid China’s economic slowdown. However, despite its promise, foreign investors harbor three primary concerns outlined by economists at Morgan Stanley, a renowned global investment bank. Concern 1: Private Consumption Demand and […]

Introduction: The release of December inflation data in India holds significant implications for both fiscal and monetary policies. This article delves into the Consumer Price Index (CPI) inflation, its calculation methodology, key components, and the notable trends observed in the December figures. Understanding CPI Inflation: Consumer Price Index (CPI) inflation is a crucial metric reflecting […]

Introduction: Momentum investing is a distinctive approach wherein investors strategically engage with assets, such as stocks or bonds, exhibiting consistent upward price movements, while divesting those experiencing price declines. Unlike traditional investment wisdom, momentum investors operate on the principle of “buy high, sell higher,” aiming to capitalize on existing price trends rather than seeking undervalued […]

Introduction Indore, once ranked 25th in the Swachh Survekshan rankings, has emerged as India’s cleanest city for the seventh consecutive year. The city’s remarkable ascent from its initial ranking prompts an exploration into the measures that transformed its sanitation and waste management systems. This article delves into the criteria behind the Swachh Survekshan rankings, the […]

Introduction: A Turbulent Year for Indian Start-ups In retrospect, 2023 proved to be a formidable challenge for the Indian start-up ecosystem, marked by funding constraints, job losses, and a stark reduction in the creation of unicorns, with only two emerging throughout the year. This setback followed a surge of hopeful endeavors aiming to leverage the […]

Introduction The recent release of the First Advance Estimates (FAEs) marks a significant juncture, being the final GDP data disclosed before the Union Budget presentation. These estimates not only provide insights into the economic growth forecast for the ongoing financial year (2023-24) but also offer a comprehensive view of the economic trajectory during the tenure […]

A Century-Long Journey Exploring the metamorphosis within rural India across a century, a comparative study between villages in Tamil Nadu and Uttar Pradesh unveils the intricate tapestry of change. Professor Gilbert Slater, in 1916-17, orchestrated surveys through his students, delving into the socioeconomic fabric of five villages in present-day Tamil Nadu. These villages, termed the […]

Introduction: The Indian Economy’s Resilience in a Volatile Global Landscape The Indian economy stands resilient amidst a backdrop of global economic volatility, showcasing robust fundamentals despite concerns and challenges. As 2023 marked an unusually turbulent period with multiple unforeseen events, including the pandemic, conflicts, and economic uncertainties, the trajectory of 2024 seems to hold a […]

Introduction Recently, the State Bank of India (SBI) implemented an increase, up to 10 basis points, in its Marginal Cost of Funds-Based Lending Rate (MCLR) for selected tenures. This move underlines the significance of comprehending MCLR and its role in the lending landscape. What is MCLR? MCLR stands as the minimum lending rate, establishing the […]