Current Affair Category: Indian Economy

Goldilocks Economy Why in News ? India’s recent economic trajectory has been hailed as a “Goldilocks moment” — a phase where growth remains robust, inflation is under control, and monetary conditions are supportive, reflecting a rare and favorable macroeconomic balance  What is a Goldilocks Economy? A Goldilocks economy is not too hot nor too cold […]

Why in News?   A report submitted by the Finance Minister in the Rajya Sabha highlights that: 5,892 cases have been registered under the Prevention of Money Laundering Act (PMLA), 2002, since 2015. Only 15 convictions have been secured so far. The government claims Enforcement Case Information Reports (ECIRs) have been issued in all cases, and […]

GIST OF DAILY ARTICLES THE HINDU/INDIAN EXPRESS  IMPORTANT FOR (UPSC/UPPSC MAINS EXAM-GS 2 / 3) DATE : 02/08/2025  Article : “What has been missed is India’s digital sovereignty Published : The Hindu-02  Aug 2025 Why in News:   The India-United Kingdom Free Trade Agreement (FTA), known as the Comprehensive Economic and Trade Agreement (CETA), has been […]

The Government of India is working on introducing a ‘living wage’ framework, which is likely to improve female workforce participation, particularly among low-income women. The plan aims to tackle low wages and high costs that currently discourage women from joining or staying in the formal workforce. Key Points from the Article: Low Wages Holding Back […]

 Blue- and Grey-Collar Women Employees Who are they? Blue-collar workers: Typically engage in manual labor or skilled trades (e.g., factory workers, drivers, plumbers). Grey-collar workers: Occupy roles between blue- and white-collar jobs, often in services (e.g., healthcare aides, retail staff, security, delivery personnel).  Key Insights from the Article: High Level of Dissatisfaction: 54% of blue- […]

Why in News? The Ministry of Finance, in its latest Monthly Economic Review for June 2025, stated that India’s macroeconomic fundamentals remain resilient despite global headwinds. However, it flagged concerns over slow credit growth and global economic uncertainties that may pose risks to the economic recovery. It described the situation as one of “cautious optimism”. Relevance […]

Digital Tax: Why It’s in the News in 2025 Global Tax Fairness Push Countries target tech giants like Amazon, Google, Meta with digital services taxes (DSTs). Canada’s 3% DST on digital revenue above C$20 million, retroactive from 2022. UK’s 2% DST to generate £800 million in 2025. VAT Expansion on Digital Services Philippines introduces 12% […]

Context: During the Financial Express Modern BFSI Summit (Mumbai, July 25), M. Nagaraju, Secretary, Department of Financial Services, outlined a comprehensive roadmap for enhancing the resilience, inclusiveness, and sustainability of India’s financial ecosystem.  Need for Capital Augmentation and Lending Expansion Why Important: To meet the rising credit demand of a fast-growing economy. To maintain stronger […]

Why in News? A recent article published in the RBI’s July Bulletin highlights that the Indian economy continues to remain resilient amidst global geopolitical tensions and uncertain macroeconomic conditions.  Prelims Focus: RBI’s State of the Economy article India’s inflation trend Tariff trends (lowest since 1930s) All-India Unemployment Rate Key Highlights from the RBI Article: Resilience […]

Why in News? The Reserve Bank of India (RBI) on Tuesday (22 July 2025) released the latest Financial Inclusion Index (FI-Index) data for the year ending March 2025, which shows a significant improvement in the country’s financial inclusion landscape. Relevance : UPSC Pre &  Mains Prelims :  FI -INDEX Mains  : GS 3 The FI-Index […]