Current Affair Category: Indian Economy

 Why in News?  The National Trade Estimate (NTE) report is an annual publication by the Office of the United States Trade Representative (USTR) that identifies significant foreign trade barriers faced by U.S. exporters and businesses. It serves as a comprehensive review of global trade practices that hinder fair trade and economic competition. Key Features of […]

Why in News? The Central Board of Direct Taxes (CBDT)  has issued a notification under clause 46A of Section 10 of the Income Tax Act, 1961, which grants tax exemption to the National Mission for Clean Ganga (NMCG) on its income.  The designation of NMCG as an authority :What does it Means ? The designation […]

Why in News ? The spending of Corporate Social Responsibility (CSR) by listed companies in India has  significantly increased  to 16 % for the fiscal year 2023-24, reaching Rs 17,967 crore. This surge, driven by an 18% rise in average net profits, underscores the growing compliance with the CSR law mandated in April 2014, which […]

Why in news? India is focusing on developing its Arctic policy, particularly regarding the Northern Sea Route (NSR), a potential game-changer for global trade. The upcoming Arctic Circle India Forum on May 3–4, 2025, aims to push forward India’s Arctic strategy, balancing economic opportunities with ecological responsibility. Relvance for UPSC Pre & Mains: Prelims :  […]

Why in News?  The Jal Shakti Ministry’s request for an additional Rs 2.79 lakh crore to fund the Jal Jeevan Mission (JJM), a flagship scheme aimed at providing tap water connections to rural households, has been partially approved by the Expenditure Finance Committee (EFC), which recommended only Rs 1.51 lakh crore. Relevance for UPSC Preliminary […]

India’s Exports to America, Imports from China Reach All-Time High in 2024: Why in News? Significant surge in India’s exports to the United States, reaching an all-time high of $34.06 billion in the first four months of FY25 (April–July 2024) Imports from China also hit a record $113.45 billion in FY24, highlighting India’s growing trade […]

Why in News? Consumer Food Price Inflation (CFPI) dropped to a three-year low of 2.7% in March, a significant decline from 3.75% in February, as per the Centre for Monitoring Indian Economy (CMIE) data. Relevance for UPSC Prelims and Mains: Prelims: Important for questions related to inflation trends, economic indicators, and CMIE reports. Topics- Consumer […]

Why in News ?  The article discusses the declining participation of women in India’s formal manufacturing sector and its implications for economic growth and gender equity. Relevance for UPSC: Prelims:  Initiatives like Tamil Nadu’s ‘Thozhi’ scheme etc Mains :Relevant for GS Paper I (Society), GS Paper II (Governance and Policies), and GS Paper III (Inclusive […]

Why in News? The Reserve Bank of India (RBI) recently conducted surveys highlighting the disparity between job availability and income growth in urban areas. The findings indicate growing concerns among urban and rural consumers about stagnant incomes, rising commodity prices, and their impact on spending and overall economic perception. Importance for UPSC Mains: GS Paper […]

Why in News?   The Scheme was recently in news. Important For Pre &  Mains: Pre – Key provisions of Schemes / other related  Schemes Mains-   Economic Development (GS Paper III): Rural Economy: Its focus on micro-enterprises and job creation ties into agriculture and rural industrialization. Use data (e.g., 20-30% food wastage reduction) to support arguments […]