Current Affair Category: Indian Economy

Solar Energy Corporation of India (SECI) The Solar Energy Corporation of India (SECI) is a government-owned enterprise under the Ministry of New and Renewable Energy (MNRE). Established in 2011, it plays a key role in promoting renewable energy, particularly solar energy, in India. SECI is pivotal in achieving India’s ambitious renewable energy targets and fostering […]

Private investment was lacklustre as reflected in sequentially lower investment in fixed and non-current assets during July-September 2024 on account of subdued corporate earnings, the bulletin said  Key Points: The November 2024 RBI Bulletin highlights a recovery in private consumption, driven by increased rural demand and resilient urban spending. Sectors such as FMCG, automobiles, and […]

Why in News ? The Finance Minister  has recently urged  lenders not to overburden customers with insurance products they do not require, and focus on mobilising deposits and lending; banks also nudged to be ‘more assertive’ on resolving distressed assets through NARCL. About the National Asset Reconstruction Company Limited (NARCL): The National Asset Reconstruction Company […]

India’s economy is in a “sweet spot” from a macroeconomic standpoint, blending strong growth with easing inflation, according to a recent report by Moody’s. The ratings agency projected India’s Gross Domestic Product (GDP) to grow by 7.2% in 2024, followed by 6.6% in 2025 and 6.5% in 2026. In the second quarter of 2024, India’s real […]

The Reserve Bank of India has  issued an operational framework for reclassification of investment made by a foreign portfolio investor to foreign direct investment (FDI) if the entity breaches the prescribed limit. Markets regulator Sebi too has issued a circular on procedure for reclassification of FPI investment to FDI. The reclassification of Foreign Portfolio Investment (FPI) to […]

The Digital Personal Data Protection Act, 2023 (DPDP Act) is India’s legislative framework aimed at regulating the collection, storage, processing, and transfer of digital personal data. Enacted in August 2023, the Act emphasizes user consent, data security, accountability, and protection of individual privacy. Here’s an overview of its key provisions and implications: 1. Key Objectives To safeguard individuals’ […]

China’s economic stimulus or bailout measures can have significant effects on Foreign Portfolio Investment (FPI) inflows in India through a few key channels: 1. Shift in Investor Focus to China If China’s stimulus policies appear effective in stabilizing its economy or boosting growth, global investors might see China as a more attractive investment destination. Consequently, […]

The impact of higher tariffs imposed by the USA on India’s economy can be significant, affecting various sectors and the overall trade relationship. Here’s an analysis of how it could affect India’s economy: 1. Trade Balance and Exports Reduced Exports to the USA: If the USA raises tariffs on Indian goods, it makes Indian exports […]

On the growth track: How Dedicated Freight Corridors are adding to GDP, boosting Rail revenues: Dedicated Freight Corridors are improving India’s GDP and adding significantly to the Indian Railways’ revenue, a recent study by Australia’s University of New South Wales has said. The study said that reduction in freight cost and travel time due to […]

GST (Goods and Services Tax) frauds are a significant issue in India, as they lead to revenue losses and disrupt the effective functioning of the tax system.  Nature and Types of GST Frauds: GST frauds primarily stem from exploitation of the tax system, taking advantage of loopholes or weaknesses in implementation. Common types include: Fake […]