economy

Is India’s Economy Dead as Donald Trump Claimed?

Context: After imposing a 25% tariff on India, Donald Trump posted on social media that he did not care if India and Russia “take their dead economies down together” Is India’s Economy Dead as Trump Claimed? No. The claim is...

New UPI Rules from August 1, 2025: Key Changes, Limits

With over a billion transactions processed monthly, the Unified Payments Interface (UPI) has revolutionised digital payments in India. To further streamline this system and enhance security, the National Payments Corporation of India (NPCI) has implemented new UPI rules from August...

Blood Money: Contemporary Applications and India’s Stand

Context: The Delhi High Court refused to quash an FIR against a man accused of negligently causing the death of a five-year-old, stating that no civilised society can approve blood money. The concept of 'Blood Money,' known as diya in...

Gini Coefficient, Definition, Formula, Significance, Calculation

Context: Despite India scoring 25.5 on the Gini Index—placing it among the most equal societies—this does not reflect the ground reality. Gini Coefficient In simple terms, the Gini coefficient is a measure of how evenly or unevenly income or wealth...

State of Food Security and Nutrition in the World (SOFI) 2025

Context: The ‘State of Food and Nutrition in the World (SOFI) 2025’ report was released. About SOFI Report 2025 (State of Food Security and Nutrition in the World) Published by: A joint annual report by five UN agencies: FAO (Food...

Financial Inclusion Index, Key Features and Core Parameters

Context: The Reserve Bank of India has reported an improvement in the Financial Inclusion Index, which has risen to 67% in FY 2025, up from 64.2% in FY 2024. About the Financial Inclusion Index (FI-Index) The Financial Inclusion Index (FI-Index) is...

India’s Dependency on Foreign Countries for Energy Sector

Context: India’s energy security faces risks due to overdependence on select countries like Russia, prompting diversification efforts through renewables, strategic partnerships, and domestic production to ensure long-term resilience. India’s Dependency on Foreign Countries for Energy Sector Oil: India imports nearly...

Mobile Money: Meaning, Benefits, and Role in Financial Inclusion

Context: A new report reveals that over half a billion mobile money accounts now exist globally, with most of them in Africa, where mobile money is rapidly transforming financial inclusion, especially for people without access to traditional banking. About Mobile...

Cat Bonds (Catastrophe Bonds), Meaning, Purpose, Pros and Cons

Context: In the times of unpredictability and an increase in the frequency of extreme weather events, such as cyclones, floods, forest fires, and devastating earthquakes in South Asia, the need for cat bonds is highlighted. What are Cat Bonds (Catastrophe...

What is Visible and Invisible Trade with Examples

Context: India’s “invisibles” trade is today bigger than the “visible” merchandise trade account in its external balance of payments. What is Visible and Invisible Trade? Visible Trade (Goods/Merchandise) Involves the export and import of physical goods. Includes items like textiles,...