Current Affair Category: Indian Economy

Index of Services Production (ISP) Objective: The Ministry of Statistics & Programme Implementation (MoSPI) has launched the first sub-sectoral Trial ISP to measure monthly, short-term movements in India’s formal services sector. Base Year: 2024-25. Frequency: Monthly releases scheduled for the 29th of every month. Coverage: Currently covers 19 sub-sectors, representing approximately 60% of the total […]

Context: India’s bioeconomy has surged from $10 billion (2014) to over $195 billion (2025), establishing the country as a rapidly growing global biotechnology hub. Definition: What is BioEconomy? Concept: It is the knowledge-based production and utilization of biological resources to provide products, processes, and services across economic sectors within a sustainable framework. Scope: It encompasses […]

This report, based on data from the Ministry of Statistics and Programme Implementation (MoSPI) regarding unincorporated non-agricultural enterprises, highlights the significant presence of the informal sector in India’s largest urban centers. Key Statistics Total Informal Workers: Approximately 1.98 crore across the 46 most populous cities in India. Informal Establishments: Roughly 1 crore total across these […]

Why in news? Assam has become the first state in India to commercially produce Matcha tea, with production commencing at the Chota Tingrai Tea Estate in eastern Assam’s Tinsukia district. The first commercially produced batch of Matcha tea was sold at the Guwahati Tea Auction Centre for Rs 3,000, reflecting encouraging market interest in the […]

Why in News? Financial Disclosure: Released in July 2026, the 2025 report reveals that President Trump generated at least $2.2 billion in his first year back in the White House. Crypto Dominance: A significant portion of this wealth (over $1.4 billion) originated from cryptocurrency and related digital assets. This marks a historic shift, as crypto […]

Introduction: For four decades post-Independence, India’s economic growth was constrained, famously termed the “Hindu rate of growth.” The 1991 economic reforms shattered these barriers, placing the nation on a higher growth trajectory. Today, Artificial Intelligence (AI) stands as the next critical catalyst. By leveraging its robust digital public infrastructure, India is uniquely positioned to trigger […]

What is the Core Ruling? For the first time, the Supreme Court has officially recognized that the work performed by homemakers is not merely an emotional or social duty, but a significant economic contribution. The court has mandated that in the event of a fatal motor accident, the financial value of a homemaker’s daily contribution […]

Why in news? The Chief Economic Adviser (CEA) V. Anantha Nageswaran recently stated that there is less urgency for the government to further adjust the capital gains tax regime for stocks, as the justification for such changes is currently stronger for bonds than for equities. This comes in the wake of the government recently exempting […]

Why in News:? The Ministry of Statistics and Programme Implementation (MoSPI) has released a uniform framework for compiling district-level economic output estimates. This move is aimed at improving the consistency and comparability of economic data across all States and Union Territories. Key Points: Revised Base Year: The framework sets 2022-23 as the new base year […]

Why in news? The Reserve Bank of India (RBI) has launched a new swap facility for three- to five-year Foreign Currency Non-Resident (Bank) or FCNR(B) deposits. This initiative is designed to bolster foreign-currency inflows and alleviate pressure on the Indian Rupee. Key Operational Details: Eligible Deposits: Fresh and renewed FCNR(B) deposits mobilized between June 8 […]