economy

  • Rise of Makhana – India’s Superfood Revolution

    Context: Recently the Union Minister of Agriculture and Farmers’ Welfare visited Bihar to interact with Makhana producers. About Makhana/ Fox Nut It is a highly nutritious aquatic crop that grows in still or slow-moving water bodies like ponds, lakes and...

    Last updated on February 24th, 2025 07:36 pm
  • What Is Ex Gratia Payment?

    Context: The Ministry of Railways disbursed ex-gratia payments in cash to the next of kin of victims of the New Delhi railway station stampede, raising concerns over the mode of payment. What is an Ex-Gratia Payment? A payment made out...

    Last updated on February 24th, 2025 04:32 pm
  • India’s Economic Growth and Development, Challenges and Solutions

    Context: India became a lower-middle-income country in 2007 and continues to remain in that category. More in News Over 18 years, its per capita income has grown from $1,022 to $2,700, but the threshold for upper middle-income status is $4,516....

    Last updated on February 24th, 2025 12:35 pm
  • RBI to Infuse Liquidity via $10 bn USD-INR Swap Deal

    Context: The Reserve Bank of India (RBI) has announced a long-term USD-INR Buy/Sell swap auction to meet the durable liquidity needs of the financial system. What is a Currency Swap? A currency swap is a financial contract where two parties...

    Last updated on February 24th, 2025 12:02 pm
  • V Anantha Nageswaran’s term as Chief Economic Advisor (CEA) Extended

    Context: The government has extended the term of chief economic advisor (CEA) V Anantha Nageswaran by two years till March 2027. About Chief Economic Advisor (CEA) of India CEA is a key government official responsible for providing economic analysis and...

    Last updated on February 22nd, 2025 07:31 pm
  • Building Resilient Telecom Infrastructure, Importance and Key Challenges

    Context: The Coalition for Disaster Resilient Infrastructure has recently released a report assessing Indian telecom networks' preparedness in the event of disasters. The report provides recommendations for State governments to enhance disaster resilience in telecom infrastructure. Importance of Telecom Networks...

    Last updated on February 22nd, 2025 12:02 pm
  • Centre is Planning to Raise the Deposit Insurance Limit

    Context: The Indian government is considering increasing the bank deposit insurance cover beyond the current ₹5 lakh per depositor. About Deposit Insurance and Credit Guarantee Corporation (DICGC) Deposit Insurance Deposit insurance is a financial safety net that protects depositors from...

    Last updated on February 20th, 2025 05:19 pm
  • Sovereign Green Bonds, Purpose, Advantages and Challenges

    Context: India’s SGrB issues have faced challenges in gaining investor interest, making it hard for the government to secure a greenium. What is Sovereign Green Bonds? Sovereign Green Bonds (SGrBs) are debt instruments issued by governments to raise funds for...

    Last updated on February 18th, 2025 07:00 pm
  • Surge in Soyabean Oil Imports from Nepal to India

    Context: Imports from Nepal surged by 14 times during the April-November 2024 period compared to the same period in the previous year. About India's Soyabean Oil Imports India’s total soyabean oil imports increased by 19% during the April-November 2024 period,...

    Last updated on February 18th, 2025 06:41 pm
  • New India Co-operative Bank Crisis: RBI Freezes Withdrawals and Loan Issuance

    The Reserve Bank of India (RBI) has imposed severe restrictions on New India Co-operative Bank, barring it from issuing new loans, accepting fresh deposits, or allowing withdrawals for six months. The central bank cited governance issues and financial instability as...

    Last updated on February 15th, 2025 06:12 pm