economy

Sustainable Mass Employment, Components, Significance

India, despite its rapid economic growth, faces a significant challenge in providing sustainable employment opportunities for its vast population. What is Meant by Sustainable Employment? Sustainable employment is the ability of the employee to provide added value for an organisation...

India’s Inflation Problem, Reasons and Impacts

Context: The Economic Survey preceding the 2024 Union Budget proposed excluding food prices from the Reserve Bank of India's (RBI) inflation target, suggesting a shift from targeting headline inflation to core inflation. More in News This recommendation arises amid concerns...

RBI enhances UPI tax payment limit to ₹5 lakh per Transaction

The RBI has decided to enhance the limit for tax payments via UPI from ₹1 lakh to ₹5 lakh per transaction. RBI is also provisioning to introduce ‘Delegated Payments’ through UPI. This will enable a secondary user, like a spouse,...

Capital Gain Tax, Key and Indexation, Key Changes in Budget 2024

The Union Government is facing a backlash over changes to the long-term capital gains tax regime announced in the Budget, including critiques from MPs within the National Democratic Alliance (NDA). More in News The new LTCG regime proposed in the...

Core Sector Industries, Components to calculate Index Of 8 Core Industries

Context: Production in India’s eight core infrastructure sectors remained largely dampened by the impact of a slowdown in state spending on public works. Core Sector Industries In India, there are eight core sectors comprising coal, crude oil, natural gas, petroleum...

Framework for Wilful Defaulters, Objective, Applicability

Context: The Reserve Bank of India (RBI) released a Master Direction on the treatment of wilful defaulters. Framework for Wilful Defaulters Objective: Establish a transparent and non-discriminatory procedure for classifying borrowers as wilful defaulters Disseminate credit information about wilful defaulters...

GDP of Indian States 2024, Highest and Lowest GDP State

India is a diverse country with different states having varying levels of economic development. The GDP of Indian states is a dynamic and ever-changing landscape, with some states witnessing rapid growth while others face challenges. Top 3 Largest Economies (as of...

RBI Governor Warns About Growing Threat of Mule Accounts

In the ever-evolving landscape of financial crime, mule accounts have emerged as a significant concern for banks and regulators alike. These accounts, often used to facilitate money laundering and other illicit activities, serve as critical links in the chain of...

India’s Defence Budget 2024, Highlights and Comparison with China

In a bid to strengthen its military capabilities and infrastructure, India has significantly increased its defence budget for the fiscal year 2024-25. The allocation of ₹6.21 lakh crore (approximately US $75 billion) marks a substantial rise from the previous year’s...

What is Angel Tax? Key Features and Abolition of Angel Tax

Finance Minister Nirmala Sitharman scrapped the angel tax in a bid to strengthen the startup ecosystem and to support innovation in the country. Know all about Angel tax in this article. What is Angel Tax? The angel tax, formally known...