Current Affair Category: Indian Economy

Why in News? A recent roundtable organized by Janpahal, a non-governmental organization, in collaboration with the Gig Workers Association, has drawn attention to the challenges faced by gig and platform workers. Titled “Current Developments, Challenges, and Way Forward,” the discussion emphasized the harsh working conditions, lack of legal protections, and absence of social security for […]

Why in News? The Ministry of Finance is actively involved in reviewing the Reserve Bank of India’s (RBI) capital buffer rules. Focus is on the rules determining the central bank’s surplus or dividend transfer to the government. Relevance : UPSC Pre &  Mains Prelims : CRB Mains :   GS 3 Key Points Economic Capital of […]

Why in News? A recent roundtable organized by Janpahal, a non-governmental organization, in collaboration with the Gig Workers Association, has drawn attention to the challenges faced by gig and platform workers. Titled “Current Developments, Challenges, and Way Forward,” the discussion emphasized the harsh working conditions, lack of legal protections, and absence of social security for […]

Why in News? Retail inflation in India dropped to a nearly six-year low of 3.16% in April 2025, driven by falling prices of vegetables, fruits, pulses, and protein-rich items like chicken. Relevance : UPSC Pre &  Mains Prelims : Inflation/CPI/WPI Mains :   GS 3-Economy Key Points: Inflation Data (April 2025): CPI Inflation: 3.16% (down from […]

Why in News ? In a landmark initiative marking India’s 75th year of Independence, Prime Minister Narendra Modi, alongside Finance Minister Nirmala Sitharaman and former Reserve Bank of India Governor Shaktikanta Das, inaugurated 75 Digital Banking Units (DBUs) . Key Points in the News: Inauguration and Initial Goals: In October 2022, 75 DBUs were launched […]

The ASEAN+3 framework involves ten ASEAN countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam) plus China, Japan, and South Korea. Formed in 1997 during the Asian Financial Crisis, it promotes economic, political, and socio-cultural cooperation in East Asia. Objectives: Drive economic integration via trade, investment, and financial stability. Ensure regional stability, addressing […]

Why in News? The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a National Scheme for Industrial Training Institute (ITI) Upgradation and the establishment of five National Centres of Excellence (NCOE) for Skilling. Relevance : UPSC Pre &  Mains Prelims : Special Purpose Vehicle (SPV) model/ NHIDCL/ BOT (Build-Operate-Transfer) and HAM (Hybrid Annuity […]

Why in News: Indian stocks showed resilience and turned positive while the Karachi Stock Exchange (KSE-100) recorded a steep 6% decline in early trade following overnight Indian strikes in Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK). The strikes were in response to the Pahalgam terror attack, which claimed 26 lives, highlighting geopolitical tensions in the […]

Why in News ?  At the inaugural World Audio Visual and Entertainment Summit (WAVES) 2025 held in Mumbai on May 1, 2025, Prime Minister Narendra Modi championed the Orange Economy as a key driver of India’s economic and cultural growth. Relevance :  UPSC Pre & Mains Prelims: Orange/Creative Economy/ Mains :GS Paper 1 (Culture, Geography), […]

 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 […]