Current Affair Category: Indian Economy

Why in News? The Income-tax Bill, 2025, was introduced in the Lok Sabha to simplify India’s direct tax framework, replacing the six-decade-old Income-tax Act, 1961. It aims to streamline provisions, remove obsolete references, and provide a concise, user-friendly structure. Once enacted, the new law will come into effect from April 1, 2026. Key Points : […]

What is Net International Investment Position (NIIP) ? The Net International Investment Position (NIIP) is a key measure of a country’s financial standing in the global economy, reflecting the difference between the value of its external financial assets (such as investments in foreign countries) and its external financial liabilities (such as foreign debt). It is […]

Why in News? The Green Domestic Product (GDKP) has recently been highlighted as a potential alternative to the traditional Gross Domestic Product (GDP) to measure economic progress. The rising global emphasis on sustainable development, environmental conservation, and achieving net-zero emissions has driven the need for a broader framework to assess the true cost of economic […]

 Why in News ? The Budget 2025-26 has  reduced the Basic Customs Duty (BCD) on imports to increase competition in the domestic economy. What is Basic Customs Duty (BCD)? Definition: Basic Customs Duty is a type of tax levied on goods imported into a country. Purpose: It serves as a protective measure for domestic industries […]

How has the Budget allocated funds for urban development? Does the Union Budget focus on capital-intensive projects? What about funds for urban local bodies? Total Allocation for Urban Development: The total outlay for urban development stands at ₹96,777 crore for FY 2024-25, up from ₹82,576.57 crore in the previous year. However, accounting for inflation, there […]

Hot stock refers to a stock that is gaining significant attention in the market due to rapid price movement, high trading volume, or notable events that make it attractive to investors. These stocks often become the focus of traders and investors for short-term gains or speculative opportunities. Characteristics of Hot Stocks: High Volatility: Rapid price […]

Why In News ? Surging U.S. dollar spurs jump in corporate forex hedging. What is Corporate Forex Hedging? Corporate Forex Hedging refers to the strategies and techniques used by companies to protect themselves against risks arising from fluctuations in foreign exchange (forex) rates. Companies engaged in international trade, investments, or operations often encounter forex risks […]

Beggar-thy-Neighbour Policies: An Overview Beggar-thy-neighbour policies refer to protectionist measures that benefit one country at the expense of others. A common form of this is the imposition of tariffs and quotas on foreign goods. Governments and central banks may also engage in these policies through currency devaluation to boost exports and limit imports. Origins of […]

Why in News? The establishment of a Makhana Board in Bihar was announced in the Union Budget 2025-26 by Finance Minister Nirmala Sitharaman. This initiative is aimed at promoting the production, processing, and export of makhana (fox nuts), a key agricultural product of Bihar, especially in the Mithila region. The creation of the Makhana Board […]

Tax Cut to Boost Economy: The Centre’s decision to reduce the income tax burden aims to stimulate economic growth by increasing demand, savings, and investments while addressing public concerns. Addressing Public Angst: The tax cuts are a response to observed public discontent and an effort to revitalize weakening growth engines. All Engines of Growth to […]