economy
-
Why heat, not rain, matters more for Inflation and Rural Demand
Context: Temperatures, more than rainfall or reservoir levels, have become the dominant factor in predicting food production and inflation in India. More in News Rising average temperatures and increasing volatility are strongly correlated with declining crop yields and rising food...
Last updated on October 7th, 2024 07:03 pm -
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...
Last updated on October 3rd, 2024 03:21 pm -
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...
Last updated on October 1st, 2024 04:29 pm -
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,...
Last updated on September 28th, 2024 06:04 pm -
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...
Last updated on September 25th, 2024 12:00 pm -
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...
Last updated on September 13th, 2024 07:30 pm -
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...
Last updated on September 5th, 2024 12:57 pm -
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...
Last updated on August 31st, 2024 05:15 pm -
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...
Last updated on August 28th, 2024 12:47 pm -
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...
Last updated on August 23rd, 2024 02:00 pm