economy

Per Capita Income of India, Calculation Methods and State-wise Data

Per capita income (PCI) is a key economic indicator that reflects the average income earned per person in a given area. It is an important measure for assessing the economic performance of a country or region and helps in understanding...

Reducing Food Wastage, Impact and Solutions

The International Day of Awareness of Food Loss and Waste (FLW) is observed annually on September 29, co-convened by the Food and Agriculture Organization (FAO) and the United Nations Environment Programme (UNEP). This day aims to raise awareness about the...

An Opportunity To Rethink India’s Pension System

India's pension system has evolved significantly over the years, marked by three major schemes: the Old Pension Scheme (OPS), the New Pension Scheme (NPS), and the proposed Unified Pension Scheme (UPS). Each scheme represents a different phase of government policy,...

Unemployment Rate in India, Current Rate, Historical Trends, and Analysis

Youth unemployment is a critical issue affecting India's economic growth and social stability. The Periodic Labour Force Survey (PLFS) 2023-24 data reveals significant disparities in youth unemployment rates across states and Union Territories (UTs), with Kerala among the highest and...

Universal Basic Income, Need, Advantages and Disadvantages

Context: The concept of Universal Basic Income (UBI) has gained momentum globally, especially as automation and AI-driven technological advancements have led to jobless growth. What is Meant by Universal Basic Income (UBI)? It is a form of guaranteed income where...

Evaluating the Impact of Corporate Tax Cuts

Context: In the years before the pandemic, two of the largest economies in the world — the U.S. and India — cut corporate tax rates in an attempt to stimulate growth. Tax Cuts in the USA Legislation: The Tax Cuts...

Gender Budget Statement in India 2024-25 and Contributing Factors

Context: This year's share of allocations to pro-women schemes stands at approximately 6.8% of the total budget expenditure for 2024-25. Overview of the Gender Budget Statement (GBS) The GBS has been instrumental in allocating funds to pro-women programs since its...

Supreme Court’s Stance on Bail in Money Laundering Cases

SC on Bail in Money Laundering cases The Supreme Court of India has progressively shifted its stance on bail, especially in the context of money laundering cases under the Prevention of Money Laundering Act (PMLA). More in News The court...

RBI to launch Unified Lending Interface (ULI), Check Features and Benefits

Context: The RBI Governor has announced that the nationwide launch of the Unified Lending Interface (ULI) will happen soon. What is Unified Lending Interface (ULI)? ULI is a digital platform to simplify the lending ecosystem. It is designed and developed...

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...