Current Affair Category: Indian Economy

Why in News ? The Union Finance and Corporate Affairs Minister Nirmala Sitharaman has urged more companies to participate in the PM Internship Scheme (PMIS). Currently, in its second round, the scheme remains in the pilot stage and has expanded its internship offerings to 327 companies, up from around 280 in the first round. Announced […]

Why in News? Recently, Niti Aayog member Arvind Virmani said in an interview that while employment is increasing, real wages for regular salaried jobs have not kept up with inflation over the last seven years. Key points: Real Wages for Salaried Workers: Real wages for salaried jobs in June 2024 were 1.7% lower than in […]

Global Payment Challenges: Around 80% of women-led businesses encounter difficulties with international payments. Complex regulatory compliance requirements pose challenges for 60% of these businesses. Women-led Enterprises in India: Women-led businesses constitute 15.4% of India’s 58.5 million enterprises. Barriers to Growth: Limited financial resources and supply chain/logistics issues restrict growth. High costs of shipping, delays, and […]

Why in News? The Rashtriya Karmayogi Jan Seva Program was conducted for employees of the Department of Pension & Pensioners’ Welfare (DoPPW) to inspire a “citizen-first” approach and strengthen their capacity for effective governance and service delivery. Key Points: Program Details: Purpose: Capacity building of DoPPW employees across all levels, from MTS to Joint Secretary. […]

Why in news ? The Reserve Bank of India (RBI) has  announced liquidity injection measures, including open market operation (OMO) purchase of Government Securities (G-Secs) and US dollar/Indian rupee Buy/Sell swap, aggregating about ₹1.87 lakh crore to alleviate expected liquidity tightness in the banking system. Open Market Operation (OMO): Open Market Operations (OMOs) are a […]

GS1/ Women Empowerment/GS 3 – Inclusive Growth Why in News ? The NITI Aayog has recently unveiled a report titled “From Borrowers to Builders: Women’s Role in India’s Financial Growth Story.” This report highlights the growing significance of women entrepreneurs in shaping India’s economic future. Key Insights from the Report: Rising Trend of Women Borrowers: […]

Why in News ?The Centre has recently approved the upgradation of Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) as the country’s 25th and 26th Navratna companies respectively. All seven listed Central Public Sector Enterprises (CPSEs) of the Indian Railways now have Navratna status. The Indian Railways have a total […]

Why in News ? Despite being the third-largest economy in the world, India ranks 28th in the digital user economy, according to a report by the Indian Council for Research on International Economic Relations (ICRIER) and the Prosus Centre for Internet and Digital Economy (CIDE). The report highlights a significant disparity between India’s overall level […]

Why in News ? The Reserve Bank of India (RBI) will conduct its largest-ever $10-billion dollar/rupee buy-sell swap auction, aiming to address the persistent liquidity deficit in the banking system. What is Currency Swapping? Currency swapping, or forex swapping, is a financial agreement where two parties exchange principal and interest payments in one currency for […]

Why in News? The Time Use Survey (TUS), 2024, conducted by the National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), has gained attention for highlighting significant changes in time utilization patterns across India. Key findings include an increase in women’s participation in employment-related activities, greater acknowledgment of caregiving responsibilities irrespective of gender, […]