economy

Repo Rate and Reverse Repo Rate, Impact on Economy

Context: Recently the Monetary Policy Committee (MPC) of RBI has decided to cut the repo rate by 25 basis points to 6%. Repo Rate and Reverse Repo Rate Repo Rate: The interest rate that the RBI charges when commercial banks...

Foreign Contribution Regulation Act (FCRA), Salient Features

Context: Recently the Ministry of Home Affairs has issued updated rules regarding the acceptance of foreign funds under the Foreign Contribution Regulation Act (FCRA). This article aims to provide an in-depth understanding of the FCRA, its key provisions, registration criteria,...

World Economic Forum’s Future of Jobs Report 2025 Highlights

Context: The World Economic Forum’s Future of Jobs Report 2025 and QS’s World Future Skills Index contain critical insights into the state of India’s workforce and its preparedness for the future. Key Insights of the Future of Jobs Report 2025...

Rising Household Debt, Trends, Causes and Impacts

Context: Household debt has surged dramatically in the years after the pandemic. Trends in Household Debt Rapid Growth Post-Pandemic Household debt rose from 6% of GDP in June 2021 to 42.9% in June 2024. Historically, it hovered around 33% between...

Donald Trump’s Reciprocal Tariffs: Impact on India and Sector-Wise Analysis

US President Donald Trump celebrated America’s “Liberation Day” on April 2 by announcing “reciprocal tariffs” against all major trading partners. On April 2, 2025, U.S. President Donald Trump announced a 26% reciprocal tariff on Indian imports. This decision is part...

RBI’s Remittance Survey (2023-24) Highlights

Context: According to the recently released RBI remittance survey Advanced Economies now account for more than 50% of total remittances to India. What are Remittances? Remittances are money transfers made by individuals working abroad to their families or relatives in...

List of GI Tag Products in India 2025, State Wise GI Tags

As of 2024, India has granted over 450 GI tags, spanning handicrafts, agricultural products, foodstuffs, and manufactured goods. Read this article to get the List of GI Tag Products in India 2025. GI Tag Products in India Geographical Indication (GI)...

Urban Cooperative Banks in India, Functions and Challenges

Context: The Reserve Bank of India (RBI) has decided to replace the SAF with the PCA framework to strengthen supervisory intervention for financially weak Urban Cooperative Banks (UCBs). Urban Cooperative Banks (UCBs) Urban Cooperative Banks (UCBs) are financial institutions that...

PAC Report on GST Reforms and Recommendations

Context: The 19th report of Parliament’s Public Accounts Committee (PAC) presents a critical evaluation of the Goods and Services Tax (GST) regime. More in News The report highlights significant structural and operational deficiencies in the GST framework, particularly concerning revenue...

Regional Rural Banks in India, Objectives, Functions, Achievements

Context: Regional Rural Banks (RRBs) have posted their highest-ever consolidated net profit of ₹7,571 crore in FY 2023-24. About Regional Rural Banks (RRBs) Regional Rural Banks (RRBs) are aimed at providing banking services in rural areas, particularly to small farmers,...