Current Affair Category: Indian Economy

Industrial Production (IIP) and Index of Core Industries (ICI) India’s core sector output surged to a 13-month high of 6.3% YoY growth in August 2025, driven by a rebound in coal production and strong performance in steel and cement. This marks a sharp recovery from the -1.5% contraction in August 2024 and 3.7% growth in […]

Low Inflation Poses Challenges for Government Finances and Budget Targets Inflation has dropped significantly in recent months, with retail inflation (CPI) falling to around 3-4% from double digits earlier. Projections indicate subdued inflation persisting due to factors like favorable monsoons, stable global commodity prices, and moderated food price pressures. While this eases living costs for […]

Eurasian Economic Union (EAEU): The first round of negotiations for a Free Trade Agreement (FTA) between India and the Eurasian Economic Union (EAEU), which includes Russia, is likely to be held in early November 2025, according to the Russian embassy. The Indian government has not yet officially confirmed the date. About Eurasian Economic Union (EAEU): […]

Sant Kabir Textile Parks Scheme The scheme, inspired by Sant Kabir’s ideals of labour, simplicity, and self-reliance, was announced by the Chief Minister (CM) of Uttar Pradesh on Tuesday, as reported by Express News Service on September 16, 2025. It aims to establish a chain of ‘Sant Kabir’ textile parks across the state to boost […]

Artificial Intelligence (AI)  & GDP Growth NITI Aayog has released a report highlighting that Artificial Intelligence (AI) could play a transformative role in boosting India’s economic growth. According to the report, AI-driven efficiencies across industries can help India move closer to achieving an annual GDP growth rate of 8% in the coming years. The report […]

General Financial Rules (GFR) India has reformed its General Financial Rules (GFR) in June 2025 to boost research and development (R&D) procurement. The changes aim to remove barriers created by rigid procurement processes like the Government e-Marketplace (GeM), which often delayed innovation and compromised research quality. Key Points: General Financial Rules (GFR) Issue with Previous […]

What is Pink Tax ? The issue of Pink Tax is in the news as it highlights the gender-based price discrimination where products and services targeted at women cost more than similar products for men. Though not an actual tax, it silently impacts household budgets and reflects economic inequality.  Key Points: What is Pink Tax? […]

India’s Retail Inflation Retail inflation in India rose to 2.1% in August 2025, breaking a nine-month declining streak, according to official data released by the Ministry of Statistics and Programme Implementation (MoSPI). This was higher than July 2025’s figure of 1.55%, but still near the lower bound of the RBI’s comfort band of 2%-6%. The […]

Impact of USA Tariff on State Bhadohi Carpet: The handmade carpet industry in Bhadohi, Uttar Pradesh, is facing a severe crisis after the United States imposed a 50% tariff on India’s handmade carpet exports. This has led to massive order cancellations, factory shutdowns, wage losses, and a looming threat to the centuries-old craft that provides […]

Crypto Regulation Bill The cryptocurrency sector has been in focus due to recent global regulatory developments, including India’s ongoing discussions on creating a comprehensive framework for crypto assets, and concerns over illicit transactions and investor protection. Key Points: Crypto Regulation Bill Global Push for Regulation: The G20 and Financial Action Task Force (FATF) are urging […]