Current Affair Category: Indian Economy

Introduction DigiYatra, a groundbreaking initiative, revolutionizes airport entry through paperless and contactless procedures. By employing cutting-edge facial recognition technology, it aims to transform traditional airport checkpoints, making travel seamless for passengers. DigiYatra’s Innovation The system’s core functionality lies in automating passenger entry across multiple airport checkpoints, including entry, security checks, and boarding, by identifying travelers […]

Distinguishing from the ‘Hindu Rate of Growth’ The term ‘Hindutva Rate of GDP Growth’ surfaced during a parliamentary discourse, differentiating itself from the economist Raj Krishna’s 1982 coinage of the ‘Hindu Rate of Growth,’ characterizing India’s 3.5% modest growth. Decoding the ‘Hindutva Rate of Growth’ The discussion stemmed from an MP attributing India’s recent 6.3% […]

                  Introduction The government’s recent move to reconstitute the ministerial group within the GST Council signifies a renewed emphasis on reevaluating Goods and Services Tax (GST) rates in India. Overview of Goods and Services Tax (GST) Inception and Objective GST, launched on July 1, 2017, was a […]

India Overtakes Brazil as Leading Sugar Producer India has claimed the top spot in sugar production, surpassing Brazil since the 2021-22 season. This achievement solidifies India’s position not only as the leading producer but also as the second-largest exporter of sugar globally. Ethanol Biofuel Sector Boosts Sugar Industry The growth of the ethanol biofuel sector […]

Unveiling Rat-Hole Mining Rat-hole mining, a primitive yet perilous technique, involves digging small tunnels to extract coal, known for its hazardous nature and environmental impact. It exists in two primary forms: side-cutting, tracing visible coal seams on hill slopes, and box-cutting, entailing pit digging followed by horizontal tunnel creation. Irony of Rescue Operations Recent rescue […]

Introduction The recent Union Cabinet approval marks a significant milestone in the progression of the Sixteenth Finance Commission. The Commission’s pivotal task revolves around formulating a comprehensive revenue-sharing formula between the Central government and the States. Commencing its operations from April 1, 2026, this pivotal period holds crucial implications for India’s fiscal landscape. Unveiling the […]

Introduction The Indian government is gearing up to fortify its energy sustainability with a strategic move—mandating the blending of compressed biogas (CBG) with natural gas. This progressive initiative aims to significantly diminish the nation’s dependence on natural gas imports while concurrently reducing emissions. Phased Implementation Initial Phase (April 2025) Commencing the mandatory blending at a […]

Introduction: Prime Minister Modi’s recent declaration to extend the Pradhan Mantri Garib Kalyan Ann Yojna for another five years has sparked discussions regarding India’s economic trajectory. While aiming for a $5 trillion GDP by 2028, concerns persist about hunger, wealth disparity, and societal inclusivity. This article examines India’s economic aspirations in comparison to Japan’s challenges, […]

                  Core Concept: Globally, the lion’s share of energy stems from fossil fuels, while renewable sources contribute a mere fraction. India grapples with a twofold challenge: catering to burgeoning energy needs while fostering sustainable development, its energy supply per capita trailing the global average. Imperative of Electricity […]

Introduction The Reserve Bank of India (RBI) has made a significant alteration in the financial landscape by augmenting the cost of funds for both banks and non-banking financial companies (NBFCs). This adjustment comes in the form of an amplified risk weight assigned to certain loans. Unveiling the Change Recently, the RBI has chosen to heighten […]