Current Affair Category: Indian Economy

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 […]

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 […]

Key Features of Budget 2024-25: Click Here

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 […]

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 […]

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 […]

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 […]

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 […]

Introduction: • The Indian economy’s remarkable growth in 2023 has garnered significant global attention, positioning it as a potential alternative for investors seeking diversification amid China’s economic slowdown. However, despite its promise, foreign investors harbor three primary concerns outlined by economists at Morgan Stanley, a renowned global investment bank. Concern 1: Private Consumption Demand and […]

Introduction: The release of December inflation data in India holds significant implications for both fiscal and monetary policies. This article delves into the Consumer Price Index (CPI) inflation, its calculation methodology, key components, and the notable trends observed in the December figures. Understanding CPI Inflation: Consumer Price Index (CPI) inflation is a crucial metric reflecting […]