Category: Economics Current Affairs

Windfall Tax: Hiked Export Duty The government recently hiked export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 a litre. A windfall tax is a higher tax levied by the government on specific industries when the industry experiences unexpected and above-average profits due to […]

India ranked 3rd globally in RE capacity: India has climbed to the 3rd position globally in renewable energy (RE) installed capacity, surpassing Brazil, according to the Union Ministry of New and Renewable Energy.India has become the world’s third-largest country in installed renewable energy capacity, reflecting its rapid progress in the transition toward a low-carbon and […]

Womaniya: Building Inclusive Market Access for Women Entrepreneurs The Womaniya initiative on the Government e-Marketplace (GeM) was highlighted, for its success in enabling over 2.1 lakh women entrepreneurs to secure orders worth ₹28,000 crore.Launched in 2019 under the Ministry of Commerce & Industry, Womaniya is an inclusion-focused initiative on the GeM platform. It provides a […]

Skills Outcomes Fund: Minister of State for Education, Government of India, has launched a national campaign to establish the Skills Outcomes Fund. It is a first-of-its-kind initiative aimed at unlocking aspirational livelihoods for youth from low-income backgrounds. The fund envisages to mobilise public and private capital to scale outcomes-based financing (OBF) in India’s skilling ecosystem, […]

Indian Council for Cultural Relations:   The Minister of State for External Affairs, attended a community reception in Yangon, Myanmar and underscores Indian Council for Cultural Relations efforts in strengthening cultural ties. It is an autonomous body under the Ministry of External Affairs, Government of India. ICCR was founded in 1950 by Maulana Abul Kalam […]

India’s Fisheries Sector: India has emerged as the world’s 2nd-largest fish-producing nation (after China), accounting for approximately 8% of global output and establishing the fisheries sector as the fastest-growing segment within agriculture and allied activities. Fisheries account for 7.43% of Agricultural Gross Value Added (GVA), with total production doubling to 197.75 lakh tonnes in FY […]

Trade Receivables Discounting System: The Reserve Bank of India proposed to drop the due diligence requirement for MSMEs to onboard TReDS platforms to promote ease of doing business for micro, small and medium enterprises. Trade Receivables Discounting System is an electronic platform for facilitating the financing/discounting of trade receivables of Micro, Small, and Medium Enterprises […]

RBI MPC Maintains Repo Rate Unchanged: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25%, reflecting a cautious approach amid global uncertainties and domestic inflation risks. The policy repo rate under the Liquidity Adjustment Facility (LAF) remains unchanged at 5.25%. Consequently, the Standing Deposit […]

RBI’s Benchmark Issuance Strategy for State Development Loans: The Reserve Bank of India (RBI) has launched a pilot Benchmark Issuance Strategy (BIS) for State Development Loans (SDLs) starting with the financial year 2026-27 to bring greater discipline, transparency, and liquidity to state borrowings. The RBI Act, 1934 empowers the Reserve Bank to act as a […]

India Needs GST 2.0: The Justice Kurian Joseph Committee on Union-State Relations released a landmark report advocating for GST 2.0.The report warns that the current GST framework has eroded the fiscal autonomy of States and needs a second generation of reforms to restore the federal balance and fix the broken digital tax backbone.The Goods and […]