economy

Why is the Parandur Airport Project facing Opposition?

Context: The Parandur airport project has faced continuous opposition from villagers, farmers and environmentalists over the past three years. About Parandur Airport Project The Parandur Greenfield Airport is proposed as Chennai’s second airport to decongest Chennai International Airport (Meenambakkam). Parandur...

India’s Textile and Apparel Industry, Opportunities and Challenges

Context: The textile and apparel industry, as India's second-largest employer after agriculture, holds immense potential to drive large-scale job creation and support the vision of Viksit Bharat by 2047. Current Status of India’s Textile Industry Global Standing & Production: India...

IREDA Shareholders Approve ₹5,000 Crore Fundraising via QIP

Context: The Indian Renewable Energy Development Agency Ltd. (IREDA) has received shareholder approval to raise up to ₹5,000 crore through Qualified Institutional Placement (QIP). What is Qualified Institutional Placement (QIP)? QIP is a capital-raising method where a listed company issues...

Tax Cut in Budget will have Multiplier Effects

Context: In the Union Budget for fiscal year 2025-26, Finance Minister Nirmala Sitharaman introduced significant reforms to the personal income tax (PIT) structure. Key Changes in Personal Income Tax Increased Tax-Free Income Threshold: The tax exemption limit under Section 87A...

RBI’s has slashed Risk Weights on Bank Loans to NBFCs

Context: The Reserve Bank of India (RBI) has announced a 25 percentage point reduction in risk weights on bank loans to non-banking financial companies (NBFCs). What are Risk Weights? Risk weights are a regulatory measure used by banks to assess...

India’s Fertilizer Strategy: How can India cut DAP, Urea and MOP Consumption

Context: India's agricultural sector is heavily reliant on chemical fertilizers, particularly urea, di-ammonium phosphate (DAP), and muriate of potash (MOP). Why India Needs to Cut DAP, Urea, and MOP Consumption? Heavy Import Dependence MOP (Muriate of Potash): 100% imported from...

Rise of Makhana – India’s Superfood Revolution

Context: Recently the Union Minister of Agriculture and Farmers’ Welfare visited Bihar to interact with Makhana producers. About Makhana/ Fox Nut It is a highly nutritious aquatic crop that grows in still or slow-moving water bodies like ponds, lakes and...

What Is Ex Gratia Payment?

Context: The Ministry of Railways disbursed ex-gratia payments in cash to the next of kin of victims of the New Delhi railway station stampede, raising concerns over the mode of payment. What is an Ex-Gratia Payment? A payment made out...

India’s Economic Growth and Development, Challenges and Solutions

Context: India became a lower-middle-income country in 2007 and continues to remain in that category. More in News Over 18 years, its per capita income has grown from $1,022 to $2,700, but the threshold for upper middle-income status is $4,516....

RBI to Infuse Liquidity via $10 bn USD-INR Swap Deal

Context: The Reserve Bank of India (RBI) has announced a long-term USD-INR Buy/Sell swap auction to meet the durable liquidity needs of the financial system. What is a Currency Swap? A currency swap is a financial contract where two parties...