United Nations Development Partnership Fund: The Indian Permanent Mission to New York with the board of directors of the United Nations Development Partnership Fund, reviewed the whole gamut of the fund’s operations. It was established in 2017, with $150 million, led by the Government of India. The Fund supports Southern-owned and -led, demand-driven and transformational […]
Category: Economics Current Affairs
RBI Ban on NDD Contracts
RBI Ban on NDD Contracts: The Reserve Bank of India (RBI) has restricted banks’ participation in Non-Deliverable Derivative (NDD) contracts to curb offshore currency manipulation and stabilize the Indian Rupee (INR) amidst global geopolitical tensions.Following the directive, the Rupee staged a sharp recovery, rallying from below 95 to 93.10 against the US Dollar as speculative […]
General Anti Avoidance Rules
General Anti Avoidance Rules: India has amended income tax rules and has clarified that gains arising from assets acquired before April 1, 2017, will remain outside the ambit of general anti-avoidance rules (GAAR). General Anti Avoidance Rules is an anti-tax avoidance law in India to curb tax evasion and avoid tax leaks. It came into […]
Non-Deliverable Derivative
Non-Deliverable Derivative: The Reserve Bank of India (RBI) gave directive to bar banks from Non-Deliverable Derivative (NDD) contracts in the rupee. An NDD is a derivative contract where two parties agree on a future exchange rate for the rupee, but settle the difference in cash, usually in US dollars. As India has capital controls, offshore […]
Fiscal Deficit : In News
Fiscal Deficit : In News India’s fiscal deficit reached Rs 12.52 trillion by the end of February 2026, accounting for 80.4% of the annual budgetary target. It is notably lower than the 85.8% recorded during the same period in 2024-25. For the full 2025-26 fiscal year, the Centre has set a fiscal deficit target of […]
India’s Net International Liability Comes Down
India’s Net International Liability Comes Down: India’s net financial obligations to the rest of the world saw a notable decline of USD 10.9 billion during the third quarter of the 2025-26 fiscal year. The net claims of non-residents on India decreased to USD 260.5 billion, primarily because the growth in Indian residents’ overseas financial assets […]
Government Cuts SAED
Government Cuts SAED: The Union government has restructured fuel taxation by reducing the Special Additional Excise Duty (SAED) on petrol and diesel while simultaneously increasing export duties on diesel and Aviation Turbine Fuel (ATF) to manage the fiscal health of Oil Marketing Companies (OMCs).The cut is designed to reduce the “under-recoveries” (losses) absorbed by public […]
India recorded 24,700 maternal deaths in 2023
India recorded 24,700 maternal deaths in 2023: India has reported 24,700 maternal deaths in 2023 a nd with it placed his position among countries who have the highest maternal mortality burden. This numbers are coming rom the global analysis published in The Lancet. The study which is led by researchers from the Institute for Health […]
India Retains 4% Inflation Target for RBI
India Retains 4% Inflation Target for RBI: The Government of India has retained the 4% retail inflation target (with +/- 2% band) for the next 5-year period (1st April, 2026, to 31st March, 2031), reinforcing the flexible inflation targeting (FIT) framework adopted in 2016. This marks the 2nd such extension since March 2021, ensuring long-term […]
Fall in Gold Prices
Fall in Gold Prices: Despite the escalation of the West Asian conflict, global and domestic gold prices have witnessed a sharp and anomalous decline. Traditionally, gold acts as a safe-haven asset during geopolitical or financial crises, but current macroeconomic dynamics have forced a deviation from this historical trend.The West Asian conflict has severely disrupted global […]
