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 […]
Category: Economics Current Affairs
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 […]
India’s GDP in Q1 FY26 is projected to grow 6.7%
India’s GDP in Q1 FY26 is projected to grow 6.7%: India’s economy is projected to grow at a robust 6.7% in the first quarter (Q1) of FY26, according to a median estimate by economists. The growth is underpinned by strong government capital expenditure, reviving rural consumption, and a resilient services sector. This estimate aligns closely […]
Centre has set up two Rajiv Gauba-led panels to implement next-generation reforms
Centre has set up two Rajiv Gauba-led panels to implement next-generation reforms: Central Government has established two high-level committees under the leadership of Rajiv Gauba, a full-time NITI Aayog member and former Cabinet Secretary. These panels are designed to fast-track next-generation reforms and realize the ambitious Viksit Bharat (Developed India) vision. The two newly formed […]
Key Highlights of the CAG Review
Key Highlights of the CAG Review: The Comptroller and Auditor General (CAG) presented its 2023-24 annual review of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, in Parliament. The review shows that India is moving steadily towards long-term macroeconomic stability. Key Highlights of the CAG Review of the FRBM Act for FY 2023-24: Central […]
