Current Affair Category: Indian Economy

 India’s coffee exports rose to a record high of $1,146.9 million between April and November in FY24, compared to $803.8 million during the same period last year, registering a 29 per cent rise. Key Points: India’s Coffee Export Growth: India, traditionally a tea exporter, has made significant progress in the global coffee market. Coffee exports […]

The Reserve Bank of India (RBI) released its Financial Stability Report (FSR) for December 2024, providing a comprehensive assessment of the resilience of India’s financial system and identifying potential risks to financial stability. Key Highlights from the Report: Global Economic Outlook: The global economy and financial system exhibit resilience, with near-term risks diminishing. However, medium-term […]

What is  Manmohanomics ? Dr. Manmohan Singh’s Economic Philosophy: Manmohanomics refers to the economic philosophy and policies associated with Dr. Manmohan Singh, particularly his approach to liberalizing and reforming the Indian economy. It encapsulates his contributions to economic theory, governance, and policymaking, which emphasized a mix of market-oriented reforms and social equity. Planning vs. Market […]

 Why in News? As rupee hits new lows, real effective exchange rate soars to an all-time high REER Hits Record High: The Real Effective Exchange Rate (REER) of the Indian rupee reached an all-time high of 108.14 in November 2024, representing a 4.5% increase from the start of the year. The REER measures the rupee’s […]

Dr. Manmohan Singh, a prominent Indian economist, academic, and politician, has made significant contributions to India’s political and economic landscape. His tenure as the Finance Minister (1991–1996) and later as the Prime Minister of India (2004–2014) marked transformative phases in the country’s economic and political history. Early Life and Education: Birth: Born on 26 September […]

GST Classification and Rate Structure The multiple tax rates applied to similar goods and services have created confusion and inefficiencies in the GST system. Examples: Popcorn is taxed differently based on its preparation and packaging, with rates of 5%, 12%, and 18%. Buns and cream buns are categorized under separate tax rates. Frozen parathas and […]

Why is the Indian Rupee Falling Against the US Dollar? The falling value of the Indian rupee against the US dollar is a result of various economic factors affecting currency demand and supply dynamics. Below is an explanation with key headings and points. 1. What is the Exchange Rate? Definition: The exchange rate is the […]

The RBI’s report, State Finances: A Study of Budgets of 2024-25, raises key concerns and recommendations about the fiscal management practices of Indian states. 1. Rise in Expenditure on Subsidies Concern: The report flags the increasing expenditure on subsidies such as: Farm loan waivers. Free or subsidized electricity, transport, and gas cylinders. Cash transfers to […]

Hush Money: Hush money refers to payments made to individuals in exchange for their silence about specific events, actions, or information, typically to avoid scandal, embarrassment, or legal repercussions. Such payments are often used to settle allegations discreetly, keeping potentially damaging information out of public view. Why It Was in the News: Hush money gained […]

The ‘Mission 100% Electrification’ project is like chasing an unrealistic dream of becoming a green railway, leading to many usable diesel locomotives becoming unnecessary. Export of Diesel Locomotives: India’s RITES Ltd. is sending six refurbished diesel locomotives to Africa after converting them to fit African tracks. This is the first project of its kind. Idle […]