RBI MPC Raises Repo Rate to 5.50%: The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) raised the policy repo rate by 25 basis points to 5.50%. Marking its first rate hike since February 2023, the MPC also officially shifted its policy stance to “calibrated tightening” to address persistent inflationary pressures. Alongside the repo […]
Category: Economics Current Affairs
India-Ghana Advance Strategic Cooperation
India-Ghana Advance Strategic Cooperation: India’s External Affairs Minister S. Jaishankar visited Ghana to strengthen bilateral cooperation in trade, investment, pharmaceuticals, defence and technology, while deepening engagement with the African Union and ECOWAS. Ghana lies in West Africa on the Gulf of Guinea. It borders Côte d’Ivoire in the west, Burkina Faso in the north and […]
Trade and Development Report 2026
Trade and Development Report 2026: India’s share in global greenfield investments during 2020-25, at 5.7%, is more than double China’s share in such investments during the same period, according to the latest Trade and Development Report 2026 report by UNCTAD. First launched in 1981, it is issued every year by the UN Trade and Development […]
SME Growth Fund
SME Growth Fund: The Union Cabinet approved the Government of India’s commitment of Rs.10,000 crore towards the establishment of the SME Growth Fund (SGF). SME Growth Fund is aimed at catalysing growth-oriented capital for India’s Small and Medium Enterprises (SMEs). It enables the emergence of champion Indian enterprises across manufacturing, services, technology, innovation-driven sectors, and […]
Financial Stability in an Age of Flux
Financial Stability in an Age of Flux: The Reserve Bank of India (RBI) Governor outlined five key priorities to safeguard financial stability amidst growing global uncertainties. He delivered these remarks at the 5th Kautilya Economic Conclave held in New Delhi, under the theme “Resilience in an Age of Flux”.RBI’s five priorities focus on strengthening systemic […]
India’s Journey Towards Universal Literacy
India’s Journey Towards Universal Literacy: India’s progress in literacy has come into focus as the country continues efforts to achieve universal literacy and strengthen foundational education.Building on this progress, the National Education Policy (NEP) 2020 seeks to address remaining gaps through greater emphasis on foundational literacy and numeracy, equitable access to education, and development of […]
Political Funding in India: The RUPP Conundrum
Political Funding in India: The RUPP Conundrum Former Election Commissioner Ashok Lavasa, highlighted unaccounted political funding following a BBC investigation into suspicious RUPP donations. He called for action against shell parties, independent audits and tax-exemption reforms.A Registered Unrecognised Political Party (RUPP) is a political party registered with the Election Commission of India (ECI) under Section […]
What is Basic Customs Duty (BCD)?
What is Basic Customs Duty (BCD)? The Government recently reduced the Basic Customs Duty (BCD) on major imported crude edible oils with a view to moderating domestic edible oil prices. Basic Customs Duty (BCD) is a type of tax imposed on goods imported into India. It is the principal custom duty levied on imported goods. […]
What is Transfer Pricing?
What is Transfer Pricing? The Finance Minister recently urged BRICS nations to share their experiences on treaty interpretation and multilateral negotiations in international taxation, saying global transfer pricing disputes “disproportionately” burden developing countries. Transfer pricing refers to the prices of goods and services that are exchanged between companies under common control. For instance, when a […]
World Circular Economy Forum 2026
World Circular Economy Forum 2026: The World Circular Economy Forum (WCEF) 2026 was held in Gandhinagar, Gujarat, under the theme “Circular Economy: Transition for People and Prosperity”. It was the first time WCEF was hosted in South Asia, focusing on practical and scalable circular economy solutions.The Central Pollution Control Board (CPCB), the Ministry of Environment, […]
