Current Affair Category: Indian Economy

 Why in News ? The Budget 2025-26 has  reduced the Basic Customs Duty (BCD) on imports to increase competition in the domestic economy. What is Basic Customs Duty (BCD)? Definition: Basic Customs Duty is a type of tax levied on goods imported into a country. Purpose: It serves as a protective measure for domestic industries […]

How has the Budget allocated funds for urban development? Does the Union Budget focus on capital-intensive projects? What about funds for urban local bodies? Total Allocation for Urban Development: The total outlay for urban development stands at ₹96,777 crore for FY 2024-25, up from ₹82,576.57 crore in the previous year. However, accounting for inflation, there […]

Hot stock refers to a stock that is gaining significant attention in the market due to rapid price movement, high trading volume, or notable events that make it attractive to investors. These stocks often become the focus of traders and investors for short-term gains or speculative opportunities. Characteristics of Hot Stocks: High Volatility: Rapid price […]

Why In News ? Surging U.S. dollar spurs jump in corporate forex hedging. What is Corporate Forex Hedging? Corporate Forex Hedging refers to the strategies and techniques used by companies to protect themselves against risks arising from fluctuations in foreign exchange (forex) rates. Companies engaged in international trade, investments, or operations often encounter forex risks […]

Beggar-thy-Neighbour Policies: An Overview Beggar-thy-neighbour policies refer to protectionist measures that benefit one country at the expense of others. A common form of this is the imposition of tariffs and quotas on foreign goods. Governments and central banks may also engage in these policies through currency devaluation to boost exports and limit imports. Origins of […]

Why in News? The establishment of a Makhana Board in Bihar was announced in the Union Budget 2025-26 by Finance Minister Nirmala Sitharaman. This initiative is aimed at promoting the production, processing, and export of makhana (fox nuts), a key agricultural product of Bihar, especially in the Mithila region. The creation of the Makhana Board […]

Tax Cut to Boost Economy: The Centre’s decision to reduce the income tax burden aims to stimulate economic growth by increasing demand, savings, and investments while addressing public concerns. Addressing Public Angst: The tax cuts are a response to observed public discontent and an effort to revitalize weakening growth engines. All Engines of Growth to […]

Public Sector Banks will develop a ‘Grameen Credit Score’ framework to empower self-help groups (SHGs) and rural borrowers About Grameen Credit Score: Objective and Purpose: Main Objective: To simplify access to financial services and loans for rural borrowers. Empowerment of Self-Help Groups (SHGs): The system aims to help self-help groups (SHGs) and rural borrowers, who […]

 Why in news ? The Household Consumption Expenditure Survey (HCES) 2023-24, released by the Ministry of Statistics and Programme Implementation (MoSPI), provides critical insights into the consumption patterns, inequality, and urban-rural differences in India. Below are the highlights of the findings: Key Trends Average Monthly Per Capita Consumption Expenditure (MPCE): Rural India: ₹4,122 (without imputed […]

Why in news ? The government introduced the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), announced in the FY25 Budget. Objective: To provide credit guarantee coverage for loans up to ₹100 crore to eligible MSMEs for procuring equipment and machinery. Guarantee Coverage: The scheme offers 60% guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC) to Member Lending Institutions […]