To Navigate Our Challenges And Opportunities

Context: Global events can either act as headwinds that make things harder or tailwinds that open up new opportunities in the globalised world, where success and failure are not always limited by national boundaries. Similar turbulent geopolitical and economic conditions that are affecting the rest of the world will soon affect India. Policies that aim […]

India Wants $5 Billion In Defence Exports By 2025

Context The Prime Minister recently announced plans to increase annual defence exports to $5 billion over the following two years, as arms companies flocked to a significant air show in an effort to cut into the nation’s massive import budget. Relevance: GS Paper-3: Effects of liberalization on the economy, changes in industrial policy and their effects […]

What is a Windfall Tax?

Context: Recently, the Union government hiked the windfall profit tax levied on domestically-produced crude oil as well as on the export of diesel and aviation turbine fuel (ATF). Relevance: GS III: Indian Economy Dimensions of the Article: What is a windfall tax? Why are countries levying windfall taxes now? What are the issues with imposing […]

Vibrant Village Programme

Focus: GS III- Indian Economy (Infrastructure) Why in News? The Union Cabinet, chaired by the Hon’ble Prime Minister, has approved Centrally Sponsored Scheme- “Vibrant Villages Programme” (VVP) for the Financial Years 2022-23 to 2025-26 with financial allocation of Rs. 4800 Crore. About Vibrant Village Programme Focus areas: Need of such scheme:

Prepaid Payment Instruments

Context: Recently, the Reserve Bank of India (RBI) permitted all inbound travellers from the Group of Twenty (G-20) countries and non-resident Indians to access Unified Payment Interface (UPI) for their merchant payments (P2M) at select airports while they are in the country. Relevance: GS III: Indian Economy Dimensions of the Article: What does it mean? […]

India Must Avoid Growing Into A Dystopia

Context Relevance GS Paper-3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment Mains Question What actions can be taken, especially in light of the country’s persistent poverty, to balance India’s pursuit of economic growth with the need to create employment and address ecological insecurity? (150 Words) Growth Objectives India and […]

For Economic Resilience India Must Lower Public Debt

Context Relevance GS Paper-3: Indian Economy and issues relating to planning, mobilization of resources, growth, development, and employment Mains Question To increase economic resilience for the upcoming years, the public debt ratio needs to return to levels that were at least pre-pandemic. Discuss. (150 words) Public Debt in India Sources of Public Debt Fiscal Deficit THE […]

North East Special Infrastructure Development Scheme

Focus: GS III- Indian Economy, Infrastructure Why in News? In all, 145 projects have been approved/sanctioned for a total cost of Rs.3392.98 crore under North East Special Infrastructure Development Scheme (NESIDS) since inception. About North East Special Infrastructure Development Scheme Nodal: Ministry of Development of North East Region. Objectives Beneficiaries Implementation Significance

RBI Lifts Loan Costs To Tame Inflation

Context: The Monetary Policy Committee (MPC) of the Reserve Bank of India recently raised the benchmark lending rate by 25 basis points (bps) to 6.5%. Relevance: GS-III: Indian Economy (Economic Growth and Development in India, Monetary Policy) Dimensions of the Article: RBI’s MPC decision Instruments of Monetary Policy There are several direct and indirect instruments […]

Primary Agricultural Credit Societies (PACS)

Context: The Union Budget has announced Rs 2,516 crore for computerisation of 63,000 Primary Agricultural Credit Societies (PACS) over the next five years, with the aim of bringing greater transparency and accountability in their operations and enabling them to diversify their business and undertake more activities. Relevance: GS III- Indian Economy Dimensions of the Article: […]