Current Affair Category: Indian Economy

Why in news?: Observed annually on 7 August, National Handloom Day celebrates India’s rich weaving heritage, commemorating the launch of the Swadeshi Movement in 1905. The 2026 observance honors 35.22 lakh weavers and allied workers (over 72% of whom are women) while highlighting the sector’s evolution through contemporary design, digital platforms, and global market expansion. […]

Why in News? The government has proposed a major easing of eligibility norms for Eligible Investment Funds (EIFs) managed from India, as part of its ongoing efforts to establish the country as a global fund management hub. Context: Under the Taxation and Other Laws (Amendment) Bill, 2026, offshore funds seeking tax exemptions on their global […]

Why in News? Tamil Nadu’s latest White Paper on state finances revealed an unusual paradox: even though the state’s economy has expanded significantly in recent years, its own-tax revenue has failed to keep pace, leading to a widening gap between economic growth and revenue mobilization. To address this, the Tamil Nadu government has constituted a […]

Why in News? The government approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) on 31 July 2026. The scheme aims to develop 5,000 MW of floating solar projects with energy storage. It will help increase clean energy, reduce carbon emissions, and improve energy security. India’s Solar Growth: India’s solar capacity has increased rapidly: 2014: Around […]

What is the SAMUDRA MANTHAN Initiative?: The Union Cabinet approved ‘Samudra Manthan’ – the National Offshore Exploration Scheme, a central sector program under the Ministry of Petroleum and Natural Gas with a massive financial outlay of ₹84,084 crore up to FY 2030–31. Inspired by the ancient mythological concept of “churning of the ocean,” the initiative […]

Why in news? Congress MP Shashi Tharoor criticized the Indian government for abstaining from the vote on the International Labour Organization (ILO) Convention concerning “Decent Work in the Platform Economy” at its 114th session in Geneva. ILO Convention: It is the first international standard of its kind aimed at protecting gig workers by setting binding […]

Why in News? The transition toward alternative fuel vehicles has gained massive policy traction in India as part of the government’s push to curb vehicular pollution, meet the Net-Zero emissions target by 2070, and slash high crude oil import bills. What is an Alternative Fuel Vehicle? Definition: Alternative fuel vehicles are non-conventional transport technologies designed […]

IPR vs AI (Pre & Mains) – Concise Notes Why in News? Delhi High Court delivered India’s first major ruling on Generative AI (GenAI) and Copyright. ANI sued OpenAI, alleging that its copyrighted news content was used to train ChatGPT without permission. The case is part of the global debate on AI training vs Intellectual Property Rights (IPR). […]

Economic Growth, Employment, and Viksit Bharat by 2047 1. Context and Core Theme: Ambition vs. Reality: India aims to achieve developed nation status (Viksit Bharat by 2047), requiring sustained high growth rates of 8%–9%. The Paradox: Youth unemployment is currently double the rate recorded in 2012. Underlying Thesis: While exogenous shocks (like the West Asia […]

Portfolio Management Services (PMS) 1. Context and Objective Proposal: SEBI has proposed a sweeping review of the SEBI (Portfolio Managers) Regulations, 2020 via a recent consultation paper. Significance: This marks one of the most comprehensive overhauls of PMS regulations since 2020. Need for Overhaul: Portfolio management assets have more than doubled over the past six […]