India’s Startup Ecosystem
Context: Recently, Prime Minister praised India’s startup ecosystem as he highlighted that the country has reached a landmark figure of 100 unicorns with a valuation of more than $300 billion. Relevance: GS III- Indian Economy Dimensions of the Article: What is a unicorn startup? India’s unicorn record Challenges faced by the Start up’s What is a […]
India’s Changing Goal Posts Over Coal
Context: Recently, Finance Minister said India’s transition away from coal as a fuel for power would be hampered by the Russia-Ukraine war. Relevance: GS III- Indian Economy Dimensions of the Article: What is Coal? Types of Coal Why is the ‘move away from coal’ so important? What is the extent of India’s dependence on coal? […]
India Needs Parliamentary Supervision of Trade Pacts
Context India is negotiating and signing several free trade agreements (FTAs) with countries like Australia, the UK, Israel, and the EU. While the economic benefits of these FTAs have been studied, there is very little discussion on the lack of parliamentary scrutiny of these treaties. Relevance GS-III: Effects of Liberalization on the Economy, Changes in […]
Fall In Cryptocurrency Price
Context: Bitcoin, the most dominant cryptocurrency around, is down more than 50% from an all-time high price of $68,000. Relevance: GS III- Indian Economy Dimensions of the Article: What are cryptocurrencies? How are they different from actual currency? How do cryptocurrencies derive their value? What’s new about this phase of the cryptocurrency price fall? What […]
Foreign Direct Investment
Focus: GS-III: Indian Economy (Growth and Development of Indian Economy, External Sector) Why in News? The foreign direct investment (FDI) in the financial year 2021-22 has touched a “highest-ever” figure of $83.57 billion. About Foreign Direct Investment (FDI) Foreign Direct Investment (FDI) is an investment in the form of a controlling ownership in a business […]
Goods and Services Tax
Context: The Supreme Court, in a judgment championing the importance of “cooperative federalism” for the well-being of democracy, held that Union and State legislatures have “equal, simultaneous and unique powers” to make laws on Goods and Services Tax (GST) and the recommendations of the GST Council are not binding on them. The apex court’s decision […]
Liberalised Remittance Scheme (LRS)
Context: Amendments have been made to the rules under the Foreign Exchange Management Act by the government to include international credit card transactions outside of India within the purview of the Liberalised Remittance Scheme (LRS). Relevance: GS III: Indian Economy Dimensions of the Article: Key Highlights: Existing Mechanism: Changes Made: Budget 2023-24 and TCS Provisions: […]
Sela Tunnel
Context: The strategically-significant Sela Tunnel project in Arunachal Pradesh is nearing completion. Relevance: GS III- Indian Economy (Infrastructure) Dimensions of the Article: About Sela Pass Tunnel Project Why is the project important? Significance of the tunnel About Sela Pass Tunnel Project The Sela Tunnel Project is located West Kameng district of Arunachal Pradesh, the tunnel project […]
Report Flags Risk of Fortified Rice
Context A report has flagged issues due to threats posed to anaemic persons over iron over-nutrition created by rice fortification. Relevance: GS III- Indian Economy, Public distribution system Dimensions of the Article: Highlights of the report What are the risks highlighted? What is rice fortification? Need of rice fortification What are the standards for fortification? […]
The Repo Rate in India
Context: Recently, the Reserve Bank of India, in a surprise move, announced that the bank’s Monetary Policy Committee (MPC) had held an ‘off-cycle’ meeting at which it had decided unanimously to raise the “policy repo rate by 40 basis points to 4.40%, with immediate effect”. Relevance: GS III- Indian Economy Dimensions of the Article: What is […]