economy

  • Municipal Corporations’ Tax Revenue Share Rise in Recent Years

    Context: A report by the Reserve Bank of India (RBI) on municipal finances highlighted the rise in tax revenue share in recent years. Theme: “Own Sources of Revenue Generation in Municipal Corporations: Opportunities and Challenges.” The first edition was published...

    Last updated on November 15th, 2024 05:31 pm
  • Unshackling the Indian Rupee

    Context Since 2022, the Reserve Bank of India (RBI) has been intervening in the foreign exchange market to maintain the stability of the rupee. This intervention includes buying and selling dollars to control the currency’s movement. The RBI's actions have...

    Last updated on November 9th, 2024 11:21 pm
  • How Dedicated Freight Corridors are adding to GDP Growth

    What are Dedicated Freight Corridors (DFCs)? They are specialised railway routes designed exclusively for freight transport. They enable faster and more efficient movement of goods. The creation of DFCs was announced in the Railway Budget for FY 2005-06. Dr. Manmohan...

    Last updated on November 8th, 2024 03:03 pm
  • Paradox Of Stagnant Rural Wages

    The Indian economy has experienced notable growth from 2019-20 to 2023-24, with an average annual rate of 4.6% and a more robust 7.8% in the last three fiscal years. However, this economic expansion has not translated into significant improvements in...

    Last updated on November 5th, 2024 01:54 pm
  • Human Development Report (HDR) 2023-24 India’s Rank

    Highlight of the Human Development Report 2024 India’s rank is 134 out of 193 countries The report categorised India under the medium human development bracket with an HDI value of 0.644. India’s HDI value stagnated at 638 in 2019-2020, fell...

    Last updated on October 21st, 2024 04:36 pm
  • Modified UBI Policy may be more Feasible

    What is Meant by Universal Basic Income (UBI)? It is a form of guaranteed income where every citizen or resident of a country is provided with a fixed, unconditional amount of money on a regular basis, regardless of any other...

    Last updated on October 21st, 2024 03:38 pm
  • Nobel Prize in Economics 2024 for an explanation of Why Nations Fail or Succeed

    Context The Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2024 to Daron Acemoglu, Simon Johnson, and James A Robinson, three economists based in the United States. Their work...

    Last updated on October 16th, 2024 12:38 pm
  • Safeguarding Gig Workers: Current Status and Background

    The Union Ministry of Labour and Employment is in the process of drafting a national law aimed at incorporating gig workers into social security schemes. This initiative is designed to provide essential benefits such as health insurance and retirement savings...

    Last updated on October 16th, 2024 12:23 pm
  • List of Finance Ministers of India 1947 to 2024

    The Finance Ministry of India is an important part of the government, managing the budget, finances, and economic planning. Finance Ministers have greatly influenced India's economy over the years. This article looks at the Finance Ministers from 1947 to 2024,...

    Last updated on October 15th, 2024 12:47 pm
  • Middle Income Trap, Key Factors and Challenges for India

    Middle Income Trap The middle-income trap is a situation where a country that attains a certain income gets stuck at that middle-income level and is unable to transition to a high-income level. Or The World Bank defines middle-income economies as...

    Last updated on October 14th, 2024 04:15 pm