Current Affair Category: Indian Economy

The Bharat Tribes Fest 2026 is in the news as it concluded its 19-day run at Sunder Nursery, New Delhi, on April 6, 2026. Organized by the Ministry of Tribal Affairs and TRIFED, the event serves as India’s premier platform for showcasing tribal heritage and integrating tribal economy with mainstream markets. Key Features of Bharat […]

A Non-Deliverable Forward (NDF) is a critical instrument in the world of international finance, especially for businesses and investors dealing with “restricted” currencies. Since these currencies cannot be easily traded outside their home country due to government regulations (capital controls), the NDF allows parties to hedge risk without ever actually touching the restricted currency. Mechanism […]

Why in the News? The Bill was introduced in the Lok Sabha on March 25, 2026, but the Union government recently deferred discussion on it due to “legislative priorities.” Its introduction has sparked a massive outcry from Opposition parties and civil society, particularly in Kerala, where Assembly elections are scheduled for April 9, 2026. What […]

Principal Purpose Test (PPT) : The Principal Purpose Test (PPT) is a specific rule introduced under BEPS Action Plan 6 to stop “Treaty Shopping.” Treaty Shopping: When a company from Country A sets up a “shell company” in Country B just to use Country B’s favorable tax treaty with India. How the PPT “Test” Works? […]

The transition from the 64-year-old Income-tax Act, 1961, to the Income-tax Act, 2025, and the aggressive regulation of Synthetically Generated Information (SGI) mark a shift towards a “Digital-First” legislative framework in India. Economy: The Income-tax Act, 2025 : The replacement of the 1961 Act is aimed at reducing litigation and simplifying the tax language for […]

Why in News? Finance Minister Nirmala Sitharaman addressed the Lok Sabha during the discussion on the Finance Bill 2026-27. The Bill outlines the government’s fiscal roadmap, proposing an aggregate expenditure of ₹53.47 lakh crore, emphasizing “reforms with conviction” rather than compulsion.  Key Financial Statistics (Budget 2026-27): Total Expenditure: ₹53.47 lakh crore (7.7% increase from FY […]

Why is it in the news? The news highlights the launch of Nivesh Mitra 3.0 and the approval of the Private Business Park Policy. These initiatives are part of the state’s aggressive strategy to enhance “Ease of Doing Business” (EoDB) and attract global and domestic investors by removing bureaucratic hurdles and providing “plug-and-play” infrastructure. Key […]

What is an AT-1 Bond? Additional Tier 1 (AT-1) bonds are a type of unsecured, perpetual debt instrument issued by banks to help meet their core capital requirements under global Basel III norms. How They Work: Perpetual Nature: They have no maturity date. The bank is not required to ever pay back the principal, though […]

Why in News? On March 20, 2026, the RBI injected ₹25,101 crore into the banking system via a 3-day Variable Rate Repo (VRR) auction. The Mismatch: While the RBI notified ₹75,000 crore, banks only took ~₹25k crore. Simultaneously, some banks parked excess funds in the SDF (Standing Deposit Facility). The Context: Liquidity tightened recently due […]

India’s New GDP Series The transition to the 2022–23 base year represents a significant overhaul of India’s National Income Accounting. While aimed at capturing a more modern economic landscape, the new series also brings to light persistent challenges in data reconciliation. The Shift to the 2022–23 Base Year: The Ministry of Statistics and Programme Implementation […]