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 […]
Category: Economics Current Affairs
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, […]
The OMO (Open Market Operation) Auction
The OMO (Open Market Operation) Auction: The Reserve Bank of India (RBI) conducted an Open Market Operation (OMO) sale auction, offloading ₹25,000 crore worth of Government of India securities (G-Secs) to drain durable surplus rupee liquidity from the banking system. It is a quantitative monetary policy tool through which the central bank (RBI) conducts outright […]
Real-World Asset Tokenisation
Real-World Asset Tokenisation: The Government of Maharashtra has proposed the Digitisation and Exchange of Land Token Assets (DELTA) Act to establish a state-backed legal framework for Real-World Asset (RWA) tokenisation. The Act aims to make Maharashtra India’s first “tokenised State” by converting physical assets such as land into secure and tradable digital tokens.With land serving […]
SPARSH Pension System
SPARSH Pension System: Defence Accounts Department (DAD) has achieved a remarkable milestone in the normalization of discrepant pension cases on SPARSH (System for Pension Administration – Raksha) through a focused and concentrated approach. SPARSH Pension System is an initiative of the Ministry of Defence, Government of India. SPARSH is world’s largest pension system for defence […]
