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 […]
Category: Economics Current Affairs
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, […]
India – Eurasian Economic Union FTA Negotiations
India – Eurasian Economic Union FTA Negotiations: India and the Eurasian Economic Union (EAEU) have signed the Terms of Reference (ToR) to launch negotiations on a Free Trade Agreement (FTA), a move that comes after stalled trade talks with the United States and rising US tariff threats.EAEU is an international organization for regional economic integration […]
Women’s Employment Rate in India
Women’s Employment Rate in India: The Labour Ministry reported that women’s employment rate in India nearly doubled from 22% in 2017-18 to 40.3% in 2023-24, while female unemployment fell from 5.6% to 3.2%.Women’s Workforce Participation Rate (WPR) as measured by PLFS, reflecting the share of women engaged in economic activities (self-employment, regular jobs, casual labour). […]
Kerala ‘First’ Digitally Literate State in India
Kerala ‘First’ Digitally Literate State in India: Kerala has been declared the first fully digitally literate state in India, marking a milestone in bridging the digital divide through the Digi Keralam Project. Digi Keralam Project targeted senior citizens, homemakers, and digitally excluded groups, using youth volunteers and the K-SMART (Kerala Solutions for Managing Administrative Reformation […]
