economy
-
Focus on Female Employment to Counter Unemployment
Context: The India Employment Report (IER) 2024 highlights a complex employment scenario with rising unemployment rates. It was published by the Institute for Human Development and the International Labour Organization. India Employment Report (IER) 2024: Key Findings Unemployment Rate: Increased...
Last updated on July 22nd, 2024 07:59 pm -
SEBI’s Proposed New Asset Class for High Risk Takers
Context: Securities and Exchange Board of India (SEBI) proposed to introduce a new asset class or product category to bridge the gap between mutual funds (MFs) and portfolio management services (PMS). What is New Asset Class? Objective: This new category...
Last updated on July 19th, 2024 06:29 pm -
Trade Of India: India’s total exports estimated to grow at 5.40% in June 2024
Context: The Ministry of Commerce released quick trade estimates. Insights of Trade Of India 2023-24 Exports: Total Exports: Total merchandise and services exports reached a record high of $200.3 billion in the Q1 of 2024-25. Merchandise Export: Rising by 2.55%...
Last updated on July 17th, 2024 12:32 pm -
Financial Devolution of Taxes Among States
Context: Southern Indian states have raised concerns about the unequal distribution of funds under the current financial devolution system. Recently, Tamil Nadu's Chief Minister, M.K. Stalin, highlighted concerns about the Union government withholding funds for state projects. Divisible Pool of...
Last updated on July 16th, 2024 04:51 pm -
Minimum Support Price (MSP), Key Issues and Demands of Farmers
Context: The Union cabinet approved giving rise to MSP of 14 Kharif crops. Farmers demand a radical shift in government budgets to address their crises. What is Minimum Support Price (MSP)? The Minimum Support Price (MSP) is the price at...
Last updated on July 10th, 2024 06:30 pm -
Balance of Payment (BoP), Types and Components
Context: Reserve Bank of India data showed that India registered a current account surplus during the fourth quarter (Jan-Mar) of the FY 2023-24. Balance of Payment The Balance of Payments (BoP) is a record of all economic transactions between residents...
Last updated on July 8th, 2024 01:00 pm -
Doctrine of Separation of Powers
The Supreme Court recently upheld the principle of checks and balances by issuing several key rulings culminating in the doctrine of separation of powers in India. About Doctrine of Separation of Powers This doctrine divides the government into three branches:...
Last updated on July 3rd, 2024 11:35 am -
MSME Sector in India, Government Initiatives, Benefits and Challenges
Context: The Union Ministry of Micro, Small, and Medium Enterprises (MSME) is amending the MSME Development Act, 2006 to improve mechanisms for managing disputes related to delayed payments and better to address the evolving needs of the MSME sector. More...
Last updated on June 29th, 2024 04:34 pm -
Power Markets in India: Functioning, Advantages, Road Ahead
Context: To address peak power demand during an unusually hot summer, the government has allowed the trading of surplus electricity generated from "linkage coal" in the country's power markets. Coal linkages are typically allocated by the government to thermal units...
Last updated on June 25th, 2024 07:14 pm -
Global Economic Prospects Report 2024 Key Highlights
Context The World Bank's Global Economic Prospects report projects global growth to hold steady at 2.6% in 2024, with a slight increase to an average of 2.7% in 2025-26. This growth rate remains below the pre-COVID-19 decade's average of 3.1%....
Last updated on June 12th, 2024 07:20 pm











