Current Affair Category: Indian Economy

Why in News ? It was recently presented by Economic Advisory Council to the Prime Minister(EAC-PM): Key facts about the Performance Report: The development of eastern part of the country remains a concern. The maritime states have clearly outperformed other states, with the exception of West Bengal. Although Bihar’s relative position has stabilized in the […]

Why in News? American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak. Will the Federal Reserve cut interest rates fast enough to deliver a ‘soft landing’? What […]

The global value chain (GVC) refers to the full range of activities that companies and workers engage in to bring a product or service from its conception to its end use and beyond. These activities include design, production, marketing, distribution, and support services that are geographically dispersed across different countries. The concept highlights how production […]

The Union Cabinet has approved the Pradhan Mantri Gram Sadak Yojana – IV (PMGSY-IV) for the financial years 2024-25 to 2028-29, with a total outlay of ₹70,125 crore. This initiative aims to construct 62,500 kilometers of roads to connect 25,000 previously unconnected habitations, enhancing accessibility and promoting socio-economic development in remote rural areas. About PMGSY- […]

As Indians roam all around the world, recent data came out as Sri Lanka is also one of the top travel destinations for Indians in 2024. India maintained the top spot for Sri Lanka in the first 8 months of this year. Other recent report: The Travel & Tourism Development Index (TTDI) 2024  The Travel […]

The Labour Bureau, an office of the Ministry of Labour & Employment, releases the Consumer Price Index for Industrial Workers (CPI-IW) monthly. The CPI-IW for July 2024 has increased by 1.3 points to 142.7. About the CPI: The Consumer Price Index (CPI) is a measure used to evaluate changes in the price level of a […]

Seven prominent Indian institutions, including the prestigious IIT Delhi and Anna University in Chennai, are facing a significant financial challenge: they have received showcause notices from the Directorate General of GST Intelligence (DGGI) for unpaid taxes on research grants given since 2017. This move has sparked a major debate within the academic community, with some calling it “tax terrorism”. […]

The Union cabinet has  approved 12 new industrial smart cities under the National Industrial Corridor Development Programme (NICDP) in different states with an outlay of Rs 28,602 crore to boost domestic manufacturing,   These industrial areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab, Dighi in, Maharashtra, Palakkad in Kerela, Agra and Prayagraj in UP, Gaya […]

When the U.S. Federal Reserve (Fed) cuts interest rates, it can have a range of effects on the Indian economy. These impacts can be direct or indirect, and they typically manifest through financial markets, capital flows, and economic variables. Here’s how a rate cut by the U.S. Federal Reserve might influence India: 1. Impact on […]

Siphoning off funds refers to the illegal or unethical practice of diverting or embezzling money from its intended purpose or destination for personal gain. This typically involves a person or group of individuals who have access to financial resources or funds and use that access to secretly transfer money into their own accounts or for […]