economy

  • Fiscal Health Index (FHI) 2025 Report, Check Top10 Best Performing States

    Context: NITI Aayog’s inaugural Fiscal Health Index report 2025 was released by the Chairman of the 16th Finance Commission, Dr. Arvind Panagariya. About Fiscal Health Index (FHI) Fiscal Health Index (FHI) aims to evaluate the fiscal health of Indian States...

    Last updated on May 13th, 2025 11:43 am
  • CCI New Definition to Curb Predatory Pricing

    Context: The Competition Commission of India has revised the definitions of various cost measures it will apply in assessing whether a company's pricing of goods or services constitutes predatory pricing. About Predatory Pricing Predatory Pricing is a form of anti-competitive behaviour...

    Last updated on May 12th, 2025 06:09 pm
  • Free Trade Agreement (FTA) and Double Contribution Convention Agreement

    Context: India and the U.K. have successfully concluded a Free Trade Agreement (FTA), along with a Double Contribution Convention. What is a Free Trade Agreement (FTA)? A Free Trade Agreement (FTA) is a pact between two or more nations to...

    Last updated on May 10th, 2025 04:50 pm
  • India Rises to 130th Rank on Human Development Index Out of 193 Countries

    India has recorded a significant improvement in the Human Development Index (HDI) 2024, climbing to position 130 among 193 countries, as indicated in the most recent United Nations Development Programme (UNDP) report. This represents a consistent increase from last year's...

    Last updated on May 6th, 2025 05:37 pm
  • Tax Collected at Source (TCS), Rates and Calculation Method

    Context: Wrist watches, handbags, antiques, paintings, sculptures, sunglasses, home theatre systems, shoes, and sportswear priced over Rs 10 lakh will now face a Tax Collected at Source (TCS) levy of 1 per cent at the point of sale. Tax Collected...

    Last updated on May 6th, 2025 04:21 pm
  • Fair and Remunerative Price (FRP), Factors, Implications

    Context: The Union Cabinet has approved the Fair and Remunerative Price of sugarcane payable by Sugar Mills to sugarcane farmers for the sugar season 2025-26. Fair and Remunerative Price (FRP) Fair and Remunerative Price (FRP) is the minimum price that sugar...

    Last updated on May 3rd, 2025 05:05 pm
  • Concept of GDP, GNP, NNP and NDP, Basic Economy Terms

    The terms GDP, GNP, NNP, and NDP are basic indicators of the economic activity and national income of a nation. They are the worth of goods and services produced during a given period, typically a year, but vary in scope...

    Last updated on May 3rd, 2025 12:25 pm
  • IMF’s Fiscal Monitor and Financial Stability Report (FSR)

    Context: The IMF’s Fiscal Monitor and Financial Stability Report (FSR) has raised serious concerns about the global economic outlook, especially in the context of rising public debt, volatile financial markets, and policy uncertainties, including those associated with the US trade...

    Last updated on May 2nd, 2025 06:54 pm
  • India’s first Certified Green Municipal Bonds

    Context: Recently, India's first Certified Green Municipal Bonds were floated by Ghaziabad Nagar Nigam (GNN). What are Municipal Bonds? The Municipal Bond is a municipal bond issued by Urban Local Bodies (ULBs) such as municipal corporations for raising funds to finance public...

    Last updated on May 2nd, 2025 02:40 pm
  • Top 10 Economies in the World 2025, Check Here!

    As of 2025, the Top 10 Economies in the World 2025 are headed by world giants such as the United States, China, and Germany. They continue to reign supreme owing to their superior infrastructure, technological advancements, and robust consumer bases....

    Last updated on April 29th, 2025 11:55 am