economy

  • Union Budget 2024 Interim, Highlights, Budget Key Features

    Union Budget 2024 Today, Union Finance Minister Nirmala Sitharaman is poised to present the Interim Budget for the The Interim Budget for 2024-25 was presented by Finance Minister Ms. Nirmala Sitharaman on February 1, 2024. This budget will fund the...

    Last updated on July 24th, 2024 08:40 am
  • Gig Economy in India, Regulation for Gig Workers

    Context: The Karnataka government plans to introduce a bill aimed at improving the welfare of gig workers. What is the Gig Economy? The gig economy refers to a free market system in which temporary positions are commonly characterised by the...

    Last updated on July 23rd, 2024 07:34 pm
  • Micro, Small and Medium Enterprises (MSME)

    Context: The Economic Survey highlighted areas for MSME growth. Micro, Small and Medium Enterprises (MSME) Regulatory Framework: MSMEs are regulated under the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. Governing Body: The Ministry of MSME manages MSMEs in...

    Last updated on July 23rd, 2024 07:21 pm
  • Focus on Female Employment to Counter Unemployment

    Context: The India Employment Report (IER) 2024 highlights a complex employment scenario with rising unemployment rates. It was published by the Institute for Human Development and the International Labour Organization. India Employment Report (IER) 2024: Key Findings Unemployment Rate: Increased...

    Last updated on July 22nd, 2024 07:59 pm
  • SEBI’s Proposed New Asset Class for High Risk Takers

    Context: Securities and Exchange Board of India (SEBI) proposed to introduce a new asset class or product category to bridge the gap between mutual funds (MFs) and portfolio management services (PMS). What is New Asset Class? Objective: This new category...

    Last updated on July 19th, 2024 06:29 pm
  • Trade Of India: India’s total exports estimated to grow at 5.40% in June 2024

    Context: The Ministry of Commerce released quick trade estimates. Insights of Trade Of India 2023-24 Exports: Total Exports: Total merchandise and services exports reached a record high of $200.3 billion in the Q1 of 2024-25. Merchandise Export: Rising by 2.55%...

    Last updated on July 17th, 2024 12:32 pm
  • Financial Devolution of Taxes Among States

    Context: Southern Indian states have raised concerns about the unequal distribution of funds under the current financial devolution system. Recently, Tamil Nadu's Chief Minister, M.K. Stalin, highlighted concerns about the Union government withholding funds for state projects. Divisible Pool of...

    Last updated on July 16th, 2024 04:51 pm
  • Financial Inclusion Index for FY-2024 released by RBI

    Context: RBI released the Financial Inclusion Index for the FY-2024. Financial Inclusion Index 2024 The financial inclusion index for FY 2024 stands at 64.2 up from 60.1 in March 2023. According to RBI improvement in the FI-Index is mainly contributed...

    Last updated on July 10th, 2024 06:39 pm
  • Minimum Support Price (MSP), Key Issues and Demands of Farmers

    Context: The Union cabinet approved giving rise to MSP of 14 Kharif crops. Farmers demand a radical shift in government budgets to address their crises. What is Minimum Support Price (MSP)? The Minimum Support Price (MSP) is the price at...

    Last updated on July 10th, 2024 06:30 pm
  • Balance of Payment (BoP), Types and Components

    Context: Reserve Bank of India data showed that India registered a current account surplus during the fourth quarter (Jan-Mar) of the FY 2023-24. Balance of Payment The Balance of Payments (BoP) is a record of all economic transactions between residents...

    Last updated on July 8th, 2024 01:00 pm