Current Affair Category: Indian Economy

Introduction: A Turbulent Year for Indian Start-ups In retrospect, 2023 proved to be a formidable challenge for the Indian start-up ecosystem, marked by funding constraints, job losses, and a stark reduction in the creation of unicorns, with only two emerging throughout the year. This setback followed a surge of hopeful endeavors aiming to leverage the […]

Introduction The recent release of the First Advance Estimates (FAEs) marks a significant juncture, being the final GDP data disclosed before the Union Budget presentation. These estimates not only provide insights into the economic growth forecast for the ongoing financial year (2023-24) but also offer a comprehensive view of the economic trajectory during the tenure […]

A Century-Long Journey Exploring the metamorphosis within rural India across a century, a comparative study between villages in Tamil Nadu and Uttar Pradesh unveils the intricate tapestry of change. Professor Gilbert Slater, in 1916-17, orchestrated surveys through his students, delving into the socioeconomic fabric of five villages in present-day Tamil Nadu. These villages, termed the […]

Introduction: The Indian Economy’s Resilience in a Volatile Global Landscape The Indian economy stands resilient amidst a backdrop of global economic volatility, showcasing robust fundamentals despite concerns and challenges. As 2023 marked an unusually turbulent period with multiple unforeseen events, including the pandemic, conflicts, and economic uncertainties, the trajectory of 2024 seems to hold a […]

Introduction Recently, the State Bank of India (SBI) implemented an increase, up to 10 basis points, in its Marginal Cost of Funds-Based Lending Rate (MCLR) for selected tenures. This move underlines the significance of comprehending MCLR and its role in the lending landscape. What is MCLR? MCLR stands as the minimum lending rate, establishing the […]

Introduction DigiYatra, a groundbreaking initiative, revolutionizes airport entry through paperless and contactless procedures. By employing cutting-edge facial recognition technology, it aims to transform traditional airport checkpoints, making travel seamless for passengers. DigiYatra’s Innovation The system’s core functionality lies in automating passenger entry across multiple airport checkpoints, including entry, security checks, and boarding, by identifying travelers […]

Distinguishing from the ‘Hindu Rate of Growth’ The term ‘Hindutva Rate of GDP Growth’ surfaced during a parliamentary discourse, differentiating itself from the economist Raj Krishna’s 1982 coinage of the ‘Hindu Rate of Growth,’ characterizing India’s 3.5% modest growth. Decoding the ‘Hindutva Rate of Growth’ The discussion stemmed from an MP attributing India’s recent 6.3% […]

                  Introduction The government’s recent move to reconstitute the ministerial group within the GST Council signifies a renewed emphasis on reevaluating Goods and Services Tax (GST) rates in India. Overview of Goods and Services Tax (GST) Inception and Objective GST, launched on July 1, 2017, was a […]

India Overtakes Brazil as Leading Sugar Producer India has claimed the top spot in sugar production, surpassing Brazil since the 2021-22 season. This achievement solidifies India’s position not only as the leading producer but also as the second-largest exporter of sugar globally. Ethanol Biofuel Sector Boosts Sugar Industry The growth of the ethanol biofuel sector […]

Unveiling Rat-Hole Mining Rat-hole mining, a primitive yet perilous technique, involves digging small tunnels to extract coal, known for its hazardous nature and environmental impact. It exists in two primary forms: side-cutting, tracing visible coal seams on hill slopes, and box-cutting, entailing pit digging followed by horizontal tunnel creation. Irony of Rescue Operations Recent rescue […]