Current Affair Category: Indian Economy

February 21, 2024

Beyond Minimum Support Prices (MSPs): Understanding the Plight of Indian Farmers

The ongoing debates surrounding Minimum Support Prices (MSPs) in India merely scratch the surface of a profound agricultural crisis. While farmer protests clamor for legal assurances on MSPs, the underlying issues extend far beyond this singular policy aspect. Delving deeper reveals a landscape where Indian agriculture has long been unrewarding for the majority of farmers. […]

February 20, 2024

Understanding Disinflation: Implications and Causes

Introduction: Recently, the governor of the Reserve Bank of India (RBI) highlighted the challenges posed by recurring food price shocks and geopolitical tensions to the ongoing process of disinflation. It’s essential to comprehend what disinflation entails, its implications, and the factors contributing to its occurrence. Disinflation Defined: Disinflation denotes a decrease in inflation rates, indicating […]

February 1, 2024

RBI Takes Stringent Action Against Paytm: Analysis of Causes, Effects, and Financial Implications

Introduction: • In a major setback for Paytm Payments Bank, the Reserve Bank of India (RBI) has issued a directive restricting the bank from offering core services, including accounts and wallets, from March onwards. This move, while not a license cancellation, severely limits the bank’s operations and raises concerns about its substantial customer base. This […]

February 1, 2024

Insights into Interim Budget 2024: Fiscal Deficit, Government Schemes, and Economic Signals

Introduction: • Finance Minister Nirmala Sitharaman recently presented the Interim Budget for 2024, a significant event considering the impending end of the current government’s term. In her speech, she highlighted key aspects, including the fiscal deficit, government schemes, and signals for the economic trajectory. Fiscal Deficit and Economic Outlook: • Sitharaman commenced her speech by […]

February 1, 2024

Key Features of Budget 2024-25

Key Features of Budget 2024-25: Click Here

January 31, 2024

Analyzing Government Finances Beyond Budget Speech: Uncovering Key Aspects

Introduction • As the nation anticipates the Interim Budget for the upcoming financial year (2024-25), it is essential to delve beyond the rhetoric presented in the Budget speech. This article aims to equip readers with analytical tools to discern the intricacies of government finances. By exploring four crucial aspects, we can gain a nuanced understanding […]

January 25, 2024

Streamlining GST Disputes: A Call for Reform in the Union Budget

Introduction: • The Goods and Services Tax (GST) regime, set to complete seven years in July, has witnessed a surge in disputes and recovery proceedings. The existing mechanisms, including the absence of a GST Appellate Tribunal, coupled with issues in the dispute resolution process, have led to a backlog of cases. This article proposes the […]

January 24, 2024

Economic Events Unveiled: A Comprehensive Preview

Introduction: • The upcoming week promises a flurry of significant economic events both on the national and international fronts. This article offers a comprehensive preview, detailing key events ranging from the release of the International Monetary Fund’s (IMF) World Economic Outlook to the interim Union Budget for the fiscal year 2024-25. Each event is meticulously […]

January 19, 2024

Understanding the Market Turmoil: Causes and Guidance for Retail Investors

Introduction • The recent plunge in domestic equity indices, notably on January 17 and 18, 2024, has raised concerns among investors. This article delves into the causes behind this market crash and provides guidance for retail investors on navigating the situation. The Rise and Fall • In 2023, the stock market demonstrated resilience, witnessing a […]

January 17, 2024

Understanding the Windfall Tax in India: Recent Changes

Introduction: • India has recently made adjustments to its windfall tax on petroleum crude, reducing it to 1,700 rupees ($20.53) per tonne from the previous rate of 2,300 rupees per tonne, as outlined in a recent government notification. What is the Windfall Tax? • The concept of the windfall tax involves governments imposing levies on […]

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Indian Economy | Vaid ICS Institute