Current Affair Category: Indian Economy

Introduction: Recent developments in sustainable energy initiatives have seen the Sri Lanka Sustainable Energy Authority collaborating with an Indian company to construct Hybrid Renewable Energy Systems in Nainativu Island, along with Delft and Analaitivu islands, situated off the Jaffna peninsula. Overview of Nainativu Island: Nainativu Island, situated in the Palk Strait between Sri Lanka and […]

Introduction: Gujarat’s dairy cooperatives have pioneered an innovative approach to augment farmers’ income by capitalizing on the potential of dung. Through the conversion of dung into Bio CNG and fertilizer, these cooperatives are not only contributing to the energy sector but also bolstering the agricultural economy. BioCNG Outlet: Revolutionizing Energy Supply: In the heart of […]

The Securities and Exchange Board of India (SEBI) has raised a red flag against a surge in fraudulent activities targeting investors through deceptive trading platforms. These platforms falsely purport affiliation with SEBI-registered Foreign Portfolio Investors (FPIs), enticing individuals with promises of lucrative trading opportunities. Modus Operandi of Fraudsters SEBI has received numerous complaints outlining the […]

Introduction: The electric vehicle (EV) market is witnessing significant interest from global players like Tesla, BYD, and VinFast in India. Each company’s proposal is met with distinct policy responses from the Indian government, reflecting the nation’s evolving strategy towards EV adoption. Tesla’s Entry Strategy: Tesla, led by Elon Musk, is engaging in discussions with the […]

Introduction: The Reserve Bank of India (RBI) has recently instructed Paytm Payments Bank Limited to cease operations by March 15, 2024, which raises concerns about the continuity of Paytm’s Unified Payments Interface (UPI) services. In response, the RBI has urged the National Payment Council of India (NPCI) to evaluate One97 Communications’ (OCL) request to function […]

Introduction The Household Consumption Expenditure Survey 2022-23 provides valuable insights into the changing consumption patterns and standards of living across India. This article explores five key questions answered by the survey, shedding light on trends in spending habits, nutritional consumption, inflation measurement, imputed expenditure data, and disparities in living standards among states and union territories. […]

The ongoing debates surrounding Minimum Support Prices (MSPs) in India merely scratch the surface of a profound agricultural crisis. While farmer protests clamor for legal assurances on MSPs, the underlying issues extend far beyond this singular policy aspect. Delving deeper reveals a landscape where Indian agriculture has long been unrewarding for the majority of farmers. […]

Introduction: Recently, the governor of the Reserve Bank of India (RBI) highlighted the challenges posed by recurring food price shocks and geopolitical tensions to the ongoing process of disinflation. It’s essential to comprehend what disinflation entails, its implications, and the factors contributing to its occurrence. Disinflation Defined: Disinflation denotes a decrease in inflation rates, indicating […]

Introduction: • In a major setback for Paytm Payments Bank, the Reserve Bank of India (RBI) has issued a directive restricting the bank from offering core services, including accounts and wallets, from March onwards. This move, while not a license cancellation, severely limits the bank’s operations and raises concerns about its substantial customer base. This […]

Introduction: • Finance Minister Nirmala Sitharaman recently presented the Interim Budget for 2024, a significant event considering the impending end of the current government’s term. In her speech, she highlighted key aspects, including the fiscal deficit, government schemes, and signals for the economic trajectory. Fiscal Deficit and Economic Outlook: • Sitharaman commenced her speech by […]