Current Affair Category: Indian Economy

The Rubber Board of India has introduced two significant initiatives, iSNR (Indian Sustainable Natural Rubber) and INR Konnect, as part of its efforts to enhance India’s rubber industry globally and boost domestic production. iSNR (Indian Sustainable Natural Rubber) and INR Konnect The Rubber Board of India has introduced two key initiatives to enhance India’s rubber industry: iSNR (Indian Sustainable Natural Rubber): iSNR […]

Explanation of the Article: The article discusses the challenges and opportunities in reviving India’s economic growth amid high food inflation, slow private investment, and global uncertainties. Senior Reserve Bank of India (RBI) officials emphasize boosting consumption to stimulate the economy and address structural issues. Key Issues and Challenges: 1. Slow Private Capital Expenditure (Capex): Private […]

QS World Future Skills Index 2025 India’s Ranking: India ranked 25th across all indicators, classified as a “future skills contender.” India ranks 2nd in areas like Artificial Intelligence (AI) and Green Skills, trailing only the US. Economic transformation ranking: 40th – Indicates a need for improvement to adapt to economic changes. Workforce readiness ranking: 37th […]

Why in News ? The commerce ministry is likely to seek further extension of the interest equalisation scheme in the forthcoming Budget on pre- and post-shipment rupee export credit for another five years to promote the country’s outbound shipments,  About the IES : The Interest Equalization Scheme (IES) is a government initiative designed to make […]

Key Points on the Impacts of Rupee Weakening Sharp Devaluation of Rupee: Driven by capital outflows, higher import costs, and policy shifts by the RBI. Structural issues include rising domestic prices and real exchange rate appreciation. Exchange Rate Regimes: Nominal exchange rate: Price of foreign currency in domestic currency terms. Real exchange rate: Relative price […]

Chief Guest and Contingent: Indonesian President Prabowo Subianto will be the chief guest at India’s Republic Day Parade in 2025. Indonesia will send the largest foreign military contingent so far, with 352 members including 152 marching troops and 189 cadets. Strengthening Strategic Cooperation: The visit underscores the growing strategic partnership between India and Indonesia, with […]

8th Pay Commission: Implementation Timeline: Expected Start Date: January 1, 2026. Formation of Commission: Likely to be constituted by mid-2024, 18 months before implementation. **2. Fitment Factor: Definition: A multiplier applied to the current basic pay to calculate the revised salary. 7th Pay Commission Factor: 2.57 (raised minimum basic pay from ₹7,000 to ₹18,000). 8th […]

 Why in news ?  In a first, the Reserve Bank of India (RBI) has announced that it will conduct daily variable rate repo (VRR) auctions on all working days in Mumbai, until further notice. The liquidity deficit in the banking system has exceeded Rs 2 trillion in the past few days. According to the latest […]

India’s path to becoming the world’s leading startup ecosystem is driven by several factors: Explosive Growth of Startups India now has over 1,30,000 recognized startups, up from approximately 400 in 2015-16. Startup funding grew 15 times, with the number of investors increasing nine-fold and incubators growing seven-fold. Strong Digital Public Infrastructure India’s digital infrastructure addresses […]

Significant Economic Losses: India suffered economic losses exceeding ₹1 lakh crore ($12 billion) in 2023 due to natural catastrophes. This was well above the 10-year average (2013-2022) of $8 billion, according to Swiss Re’s report. Major Disasters in 2023: Tropical Cyclones: Cyclone Biparjoy (June 16, 2023): Made landfall in Kutch, Gujarat as a Category 3 […]