Govt Notifies 100% FDI Plan for Insurance Sector: The Ministry of Finance has issued a notification to facilitate 100% Foreign Direct Investment (FDI) in the insurance sector. This initiative, once approved by Parliament, will replace the current 74% cap, potentially transforming India’s insurance landscape and attracting greater foreign capital. The new policy is outlined in […]
Category: Economics Current Affairs
India Set to Become Third Largest Economy In World
India Set to Become Third Largest Economy In World: RBI Governor Sanjay Malhotra credits Jan Dhan Yojana and 7.8% GDP growth for India’s upcoming leap to the world’s third-largest economy. Jan Dhan Yojana launched 11 years ago by the Government of India and the RBI, the Jan Dhan Yojana aimed to ensure that every Indian […]
Private Sector Capex to Jump 21.5% in FY26: RBI
Private Sector Capex to Jump 21.5% in FY26: RBI India’s private sector capital expenditure (capex) is projected to grow by 21.5% to reach ₹2.67 lakh crore in FY2025–26, according to a recent article published in the RBI’s August 2025 bulletin. This anticipated increase signals a renewed momentum in private investment, particularly in infrastructure and greenfield […]
India’s Forex Reserves Dip $4.38 Billion to $690.72B
India’s Forex Reserves Dip $4.38 Billion to $690.72B: India’s foreign exchange reserves registered a decline of $4.38 billion, slipping to $690.72 billion for the week ending August 22, 2025, according to data released by the Reserve Bank of India (RBI). The fall comes after a recent surge in reserves, which had touched a record high […]
Bihar Cabinet Clears Mahila Rojgar Yojana for Women’s Jobs
Bihar Cabinet Clears Mahila Rojgar Yojana for Women’s Jobs: The Bihar government, under the leadership of Chief Minister Nitish Kumar, approved the Mukhyamantri Mahila Rojgar Yojana on August 29, 2025. The scheme aims to promote self-employment among women through financial assistance and infrastructural support, helping improve livelihoods and reduce out-migration.At the core of the scheme […]
Shadow schooling
Shadow schooling: A government report from the Comprehensive Modular Survey (CMS) on education revealed that 33% of school students in India take private coaching, showing rising dependence on “shadow schooling.” Shadow Schooling is the practice where students supplement regular school education with private coaching or tutoring outside the formal system. It is Called “shadow” because […]
India’s IIP (Index of Industrial Production) Grows 3.5% in July 2025
India’s IIP (Index of Industrial Production) Grows 3.5% in July 2025: India’s Index of Industrial Production (IIP) recorded a 3.5% year-on-year growth in July 2025, showing a significant improvement from 1.5% in June 2025. This performance was mainly driven by the 5.4% growth in the manufacturing sector, despite a sharp contraction in mining. The IIP […]
Inverted Duty Structure under GST
Inverted Duty Structure under GST: Tax experts have broadly welcomed the Centre’s proposal for a two-tier GST rate structure while cautioning that critical issues such as inverted duty structure need to be addressed for the reform to be fully effective. An inverted duty structure in GST occurs when the tax rate on inputs exceeds the […]
Digital Services Taxes (DSTs)
Digital Services Taxes (DSTs): Former US President Donald Trump has threatened additional tariffs on countries imposing Digital Services Taxes (DSTs) on American tech giants, calling them discriminatory.It is gross-revenue tax (not corporate income tax) levied on specific digital services like online advertising, digital marketplaces, intermediation, and sale of user data. Applied on the revenues generated […]
Reserve Bank of India (RBI) has affirmed the successful performance of the Flexible Inflation Targeting (FIT) framework
Reserve Bank of India (RBI) has affirmed the successful performance of the Flexible Inflation Targeting (FIT) framework: The Reserve Bank of India (RBI) has affirmed the successful performance of the Flexible Inflation Targeting (FIT) framework in maintaining price stability. A recent discussion paper from RBI indicated that, since its introduction, inflation remained low and stable, […]
