GS paper 3

Unemployment Rate in India, Current Rate, Historical Trends, and Analysis

As of June 2024, India's unemployment rate stands at 9.2%, according to the Centre for Monitoring Indian Economy (CMIE). This marks a notable increase from 7% in May 2024, reflecting ongoing economic challenges and labor market dynamics. Employment Rate in...

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...

RBI Monetary Policy Committee: External Members make a Strong Case for Rate Cut

Context: Two members (out of three expert members) of the Monetary Policy Committee (MPC) voted for a 0.25% rate cut, warning against the risks of 'status quoism' and 'growth sacrifice' from the Reserve Bank of India's tight monetary policy. Highlights...

Foreign Portfolio Investment (FPI), Benefits and Challenges

Context: Foreign portfolio investors (FPIs) pulled out ₹14,800 crore from equity markets, driven by the outcomes of recent elections and the appealing valuations of Chinese stocks. Foreign Portfolio Investment (FPI) Foreign portfolio investment (FPI): It involves holding securities and other...

Repo Rate and Reverse Repo Rate, its Impact on Economy

Context: The Monetary Policy Committee (MPC) decided to keep the repo rate stable at 6.5%, focusing on withdrawing accommodation gradually to ensure inflation does not accelerate while still supporting economic growth. Repo Rate Latest Updates The Reserve Bank of India...

World Environment Day 2024, Theme, History and Significance

World Environment Day is an important global event celebrated annually on June 5th. It's a day dedicated to raising awareness and taking action on urgent environmental issues facing our planet. Each year, the day is organized around a specific theme...

National Parks in Kerala List, Check Out the Famous Park

Kerala is home to several national parks that are located in the Western Ghats region. The national parks in Kerala are known for their unique flora and fauna and attract visitors from all over the world. The National Parks in...

Rajasthan National Park List, Check Out 5 National Parks

Rajasthan is a state in northern India that is known for its rich history, culture, and scenic beauty. It is home to several national parks that offer visitors a glimpse into the region's natural beauty and wildlife. These parks are...

List of National Parks in Karnataka, Check 5 National parks

Karnataka is home to several national parks that offer a unique wildlife experience to visitors. These parks are known for their lush forests, diverse flora and fauna, and scenic landscapes. They provide a safe haven for several endangered species, making...

List of National Parks in Assam, Check Out 7 National park

Assam is a state in northeastern India known for its rich biodiversity and stunning natural beauty. The state is home to several national parks, which offer visitors a chance to experience the unique flora and fauna of the region. These...