Current Affair Category: Indian Economy

Why in News ? The Reserve Bank of India (RBI) will conduct its largest-ever $10-billion dollar/rupee buy-sell swap auction, aiming to address the persistent liquidity deficit in the banking system. What is Currency Swapping? Currency swapping, or forex swapping, is a financial agreement where two parties exchange principal and interest payments in one currency for […]

Why in News? The Time Use Survey (TUS), 2024, conducted by the National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), has gained attention for highlighting significant changes in time utilization patterns across India. Key findings include an increase in women’s participation in employment-related activities, greater acknowledgment of caregiving responsibilities irrespective of gender, […]

Why in News? Prime Minister Narendra Modi inaugurated the Advantage Assam 2.0 Investors’ Summit on February 25, 2025, in Guwahati. The summit emphasizes the role of Eastern India, particularly Assam, in shaping India’s economic growth and attracting global investments. Key Points: 1. Event Highlights: The two-day Advantage Assam 2.0 Investors’ Summit includes: Inaugural Session. Seven […]

Why in News? The Reserve Bank of India (RBI) has introduced a Quality of Public Expenditure (QPE) index to evaluate how well the Indian government (Centre and States) spends public money, considering the balance between fiscal discipline and developmental priorities. Key Highlights: Why it Matters? Government funds are taxpayer money, and effective spending directly impacts […]

Why in News ? The Reserve Bank of India’s (RBI) outstanding net forward sales of the dollar have surged to $67.93 billion as of December 31, 2024, as the central bank intensified its efforts to stabilise the rupee. This marks a significant increase in outstanding forward dollar sales of $14.58 billion just three months ago […]

The Yogi government  has presented the budget for the financial year 2025-26. The budget amounts to ₹8,08,736.06 crore, marking a 9.8% increase compared to the 2024-25 budget. The Yogi government has focused on the welfare of farmers, youth, women, and children in this budget. Key points : 1. Focus on Women Empowerment: Rani Laxmibai Scooty […]

Why in News? The Union Government has released the 15th Finance Commission Grants for Rural Local Bodies (RLBs) in Bihar, Haryana, and Sikkim for the financial year 2024–25. Key Points: Grant Details: Bihar: Second Instalment: ₹821.8021 crores. Withheld Portion of First Instalment: ₹47.9339 crores. Allocated to: 38 District Panchayats. 530 Block Panchayats. 8,052 Gram Panchayats. […]

The Prime Minister’s Dhan-Dhanya Agriculture Scheme (PMDKY) was announced by Finance Minister Nirmala Sitharaman on February 1, 2025, during the presentation of the Union Budget. This initiative aims to increase agricultural productivity in the underdeveloped districts across India. The program is inspired by the successful Aspirational District Program (ADP) launched in January 2018. PMDKY is […]

Guardians of ‘Green Gold’ – Konda Reddi Tribe Overview: Location: Godavari Valley, Andhra Pradesh; specifically, Alluri Sitarama Raju district. Lifestyle: Engage in agriculture, fishing, and Non-Timber Forest Produce (NTFP) collection. Significance: Preserve and utilize Konda Veduru bamboo for food, instruments, and commercial purposes. Konda Veduru Bamboo (Dendrocalamus strictus): Habitat: Endemic to South Asia; dominates 53% […]

Why in News? India’s initiative to finance green projects through Sovereign Green Bonds (SGrBs) is reportedly facing low investor demand. This has restricted the Union government’s ability to achieve a “greenium” (a green premium characterized by lower yields on green bonds compared to conventional bonds). The muted response highlights the challenges in raising cost-effective green […]