economy

Budgetary Allocation For Scientific Research and Development (FY 25-26)

Context: The Union Budget 2025-26 includes significant allocations for scientific research and development. Reasons for Allocations for Scientific Research and Development Nuclear Energy Mission The government has allocated ₹20,000 crore for a Nuclear Energy Mission to support research and development...

Nutraceuticals Sector in India, Government Initiatives and Challenges

Context: The Indian government is keen to provide necessary help to the nutraceuticals sector to reach its full potential. The global nutraceutical market is currently estimated at approximately $400 billion, integrating aspects of food, pharmaceuticals, and biotechnology. Despite this significant...

Case for Easing Banking Regulations

Context The Union Budget 2025-26 sets the stage for India’s economic expansion, projecting GDP growth from $3.7 trillion (2023-24) to $7 trillion (2030-31). Achieving this goal requires strong fiscal and monetary policies, infrastructure development, and efficient capital allocation. Challenges for...

India’s Maritime Sector, Challenges and Government Reforms

Context The Indian government has demonstrated a strong commitment to developing the maritime sector, which had been largely neglected by previous administrations. However, despite substantial investments, the shipping industry continues to stagnate, losing market share to foreign-flagged vessels and other...

Why the Tax Cuts are a One Way Gamble?

Context: The government has introduced significant income tax cuts in the Union Budget 2025. Key Highlights Include Complete tax rebate for individuals earning between ₹7-₹12 lakh per year (earlier applicable only for those below ₹7 lakh). Increase in the basic...

Creating the Right Jobs for a Viksit Bharat

Context: With the Union Budget 2025 presented, India must focus on long-term job creation and real wage growth rather than short-term demand boosts. Key types of jobs needed for India’s economic future Climate-Resilient Jobs Economic Impact of Climate Change India ranked...

Rupee Recovers from All-time Low Amid Dollar Index Correction

Context: The Indian rupee hit a historic low of 87.29 per dollar, triggering concerns over rising imported inflation and trade deficit. The decline follows a sharp 1.24% rise in the Dollar Index (DXY). About Dollar Index Dollar Index (DXY) is...

Energy Sector in Punjab

Energy is the basic requirement for economic development. Every sector of the national economy (agriculture, industry, transport, commercial, and domestic) needs inputs of energy. The economic development plans implemented since Independence necessarily required increasing amounts of energy to remain operational....

Animal husbandry in Punjab

Animal husbandry is a branch of agriculture where animals are reared, bred, and raised for meat, fiber, eggs, milk, and other food products. Animal Husbandry activities have attained importance as they create Self Employment Opportunities as well as Subsidiary Occupation...

Agriculture in Punjab

Introduction Agriculture is the art and science of cultivating the soil, growing crops and raising livestock Includes preparation of plant and animal products for people to use and their distribution to markets Agriculture occupies key positions in all economies irrespective...