economy

Central Board of Direct Taxes (CBDT), Functions, Structure

The Election Commission has directed the CBDT to verify any mismatch in the information provided in the affidavit filed by Union Minister and BJP candidate Rajeev Chandrasekhar as he contests from Thiruvananthapuram. CBDT Released key Direct Tax Statistics through Time-Series...

Editorial of the Day (9th Apr): Status of Indian Economy

Context: The Indian economy is projected to have 7% GDP growth in 2024-25. Indian Economy: Current Status Economic Growth and Optimism GDP Growth: India's GDP grew by 8.4% in Q3 of 2023-24, with manufacturing PMI at a 16-month high of...

Food Corporation of India, Structure, Function and Challenges

Food Corporation of India The Food Corporation of India (FCI) has been a cornerstone in India's efforts to ensure food security since its establishment in 1965. Over the years, FCI has played a crucial role in procuring, storing, and distributing...

Electoral Bonds Full Data with Serial No Released By SBI to ECI

Electoral Bonds Full Data with Serial No Out On March 21, the State Bank of India (SBI) announced that it had furnished all details concerning the electoral bond scheme, including unique numbers, to the Election Commission of India (ECI). This...

Non Performing Assets (NPA), Definition, Types, Examples

Context: Care Ratings forecasted that GNPAs are expected to be between 2.5-2.7% in FY24 and further improve to 2.1-2.4% by FY25 end. Important Facts Historical Trend: GNPAs significantly increased from 3.8% in FY14 to 11.2% in FY18 due to stricter...

Fiscal Deficit, Causes, Disadvandages and Way Forward

India's fiscal deficit from April to February in the fiscal year 2023-24 stood at ₹15.01 trillion, accounting for 86.5% of the revised annual estimate, according to data released by the Controller General of Accounts. This figure highlights a significant aspect...

Living Wage in India, Aiming to Replace Minimum Wage With a Living Wage by 2025

India, one of the world's largest economies with a vast workforce, is poised to undergo a significant transformation in its wage policy. The country is moving away from the traditional minimum wage system towards embracing living wages, signaling a fundamental...

Income Inequality in India and Global Comparison

Context: In 2022, the top 1% of Indians held 22.6% of the national income, a stark increase from 11.5% in 1951 and 6% just before economic liberalisation in the 1980s. Income Inequality in India The top 10% of Indians saw...

Inflation, Definition, Causes, Impacts, Inflation Rate in India

Context: RBI said core inflation is falling but food price fluctuations are affecting the RBI's monetary policy and their 4% target. Vegetable price drops during winter were minimal and temporary, with cereal, meat, and fish prices experiencing increases. What is...

Human Development Index India’s Ranking 134 Out of 193 Countries

Context: According to the United Nations Development Programme (UNDP) report “Breaking the gridlock: Reimagining cooperation in a polarised world” India has been ranked 134th in the Human Development Index. Findings of Human Development Index (HDI) Improvement in Ranking: India's HDI...