Current Affair Category: Indian Economy

Why in the news? The proposal comes as a response to the ongoing West Asia crisis (specifically tensions involving Israel, Iran, and the US) which has pushed oil prices toward $100 per barrel. Supplementary Grants: The government sought parliamentary approval for a gross additional expenditure of Rs 81 lakh crore for the financial year 2025-26. […]

Amartya Sen’s Capabilities Approach: Core Meaning of Capabilities: Standard Definition: Traditionally, capabilities refer to skills or physical abilities. Sen’s Definition: Capabilities are substantive freedoms that enable people to lead the life they have reason to value. Metric of Development: Development is the expansion of human freedoms and choices, not merely the increase in per capita […]

Plutocratic Populism is a hybrid political-economic phenomenon where a government, while utilizing populist rhetoric to garner support from the masses, implements policies that primarily benefit the economic elite (plutocrats). It combines the “rule by the wealthy” (Plutocracy) with the “will of the people” narrative (Populism). Key Characteristics : Elite-Mass Alliance:It creates an alliance where the super-rich […]

Demographic Distribution in the Gulf: The data categorizes the Indian population into Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) across six key Middle Eastern nations. Country Non-Resident Indians (NRIs) Persons of Indian Origin (PIOs) Total Indian Diaspora UAE 3,554,274 14,574 3,568,848 Saudi Arabia 2,460,603 2,906 2,463,509 Kuwait 9,93,284 2,244 9,95,528 Qatar 8,35,175 1,609 […]

Net Household Financial Savings is like the “Net Cash Left Over” in the pockets of all Indian families at the end of the year after they have paid off their debts. Think of it using this simple formula: (Total Money Saved in Banks/Stocks/PF) MINUS (Total Money Borrowed via Loans/Credit Cards) = Net Financial Savings When […]

India’s Reduction in US Treasuries: The central theme is a significant reduction in India’s exposure to US debt, signaling a “cautious shift” in reserve strategy. Total Reduction: India’s holdings dropped by $42.8 billion (18.96%) in 2025. Holding Value: Holdings fell from $225.7 billion in January 2025 to $182.9 billion by December 31, 2025. Global Standing: […]

The National Highways Authority of India (NHAI) has launched a first-of-its-kind initiative to develop Pollinator Corridors (Bee Corridors) along national highways as part of its sustainable infrastructure programme. This initiative reflects a shift from conventional roadside beautification plantations to ecologically useful green cover. What is a Bee Corridor? A Bee Corridor is a continuous stretch of vegetation along highways consisting of nectar- and pollen-rich […]

The Union cabinet has approved schemes and infrastructure projects with a cumulative outlay of 1.6 trillion, including the Urban Challenge Fund for urban development and the 10,000 crore Startup India Fund of Funds 2.0. The Urban Challenge Fund (UCF), approved by the Union Cabinet on February 13, 2026, represents a fundamental shift in India’s urban development strategy. […]

Economic Viability Test is a formal assessment used to determine if a proposed new state can survive and thrive financially on its own, without being a permanent burden on the Central Government. Key Components of the Test: To pass this “test,” a proposed state must demonstrate strength in several financial areas: Revenue Generation (Internal Resources): […]

Why in News ? Recently  the Ministry of Statistics and Programme Implementation (MoSPI) launched a revamped Consumer Price Index (CPI) series. This marks a significant shift in how India measures inflation, replacing the outdated 2012 framework with a modern system that reflects how Indians live and spend today. The Big Picture: Why a New Series? […]