Current Affair Category: Indian Economy

Why in News? The 10th United Nations Sustainable Development Goals (SDG) Report 2025 has raised serious concerns about the global progress toward the 2030 Agenda. Rather than moving forward, several nations are witnessing stagnation or even a reversal in achieving their goals, putting the dream of sustainable and inclusive development at risk. Relevance : UPSC […]

The Liberalised Remittance Scheme (LRS) is a foreign exchange policy introduced by the Reserve Bank of India (RBI) in 2004 under the Foreign Exchange Management Act (FEMA), 1999. It allows resident individuals in India, including minors, to freely remit up to USD 250,000 per financial year (April to March) for permissible current or capital account […]

India-US Trade Deal Stalemate: The Dairy Dispute Why in News? The India-US trade negotiations have stalled primarily due to a disagreement over dairy imports. US President Donald Trump set an August 1 deadline for finalizing trade deals, warning of potential tariffs if no agreement is reached. India refuses to compromise on dairy imports, citing religious, […]

Why in News? India’s inflation rates for June 2025 have hit significant lows, with retail inflation dropping to a 77-month low of 2.1% and wholesale inflation turning negative at -0.13% after 20 months. Relevance : UPSC Pre &  Mains Prelims :  Wholesale Inflation (WPI) : Mains  : GS 3 Key Points: Retail Inflation (CPI) : […]

Green Debt refers to financial instruments like loans or bonds raised specifically to fund environmentally sustainable projects. The idea is to channel debt financing into projects that help mitigate climate change, conserve biodiversity, promote renewable energy, and encourage other eco-friendly initiatives. In simple terms, Green Debt = Borrowed Money for Green Projects. Why is Green […]

Why in News? A recent report by the World Bank has generated significant debate with regard to the true picture of inequality in the Indian economy. The report outlined a number of salutary outcomes; not only had extreme poverty reduced drastically, inequality had reduced too. Relevance : UPSC Pre &  Mains Prelims :  Gini Coefficient […]

Why in News ?  India stands at a global crossroads — it is recognized as a rising economic power, a digital innovator, and home to the world’s largest youth population. Yet, gender inequality remains a deep-rooted challenge. The Global Gender Gap Report 2025 by the World Economic Forum places India at a dismal 131st out […]

Why in News? The Financial Action Task Force (FATF) released a report on July 9, 2025, highlighting how digital platforms are increasingly being misused for terror financing. The report cited examples of the Pulwama terror attack (2019) and Gorakhnath Temple attack (2022), where online payment services, VPNs, and e-commerce platforms were exploited for raising and […]

Why in News?  As climate change intensifies, the frequency and unpredictability of natural disasters—such as cyclones, floods, wildfires, and earthquakes—have increased significantly. This has strained traditional insurance systems. In this context, Catastrophe Bonds (Cat Bonds) offer an innovative financial instrument for transferring risk from governments to capital markets. Given India’s exposure to disaster risk and […]

Why in News ?  The 17th BRICS Summit, hosted in Rio de Janeiro, Brazil, on July 7–8, 2025, brought together leaders of Brazil, Russia, India, China, and South Africa to deliberate on pressing global challenges. Under the overarching theme of “Building a Just Global Order”, the summit emphasized environmental sustainability, climate action in the run-up […]