Indian Economy Current Affairs for UPSC IAS Prelims 2024 Examination

Source- This post on Right to repair portal has been created based on the article “National Workshop on Right to Repair in Mobile and Electronics Sector to propose Repairability Index” published in “PIB” on 30 August 2024. Why in News? The Department of Consumer Affairs (DoCA) in India recently hosted a significant National Workshop focused on… Continue reading Right to Repair Portal

Source- This post on Cabinet Approves 12 Industrial Nodes Under NICDP has been created based on the article “Cabinet approves 12 Industrial nodes/cities under National Industrial Corridor Development Programme” published in “PIB” on 28th August 2024. Why in News? The Cabinet Committee on Economic Affairs has approved 12 new project proposals under the National Industrial Corridor… Continue reading Cabinet Approves 12 Industrial Nodes Under NICDP

Source- This post on Cabinet Approval for New Railway Projects has been created based on the article “Cabinet approves two new lines and one multi-tracking project across Indian Railways” published in “PIB” on 28th August 2024. Why in News? The Cabinet Committee on Economic Affairs (CCEA) has sanctioned three significant railway projects under the Ministry of… Continue reading Cabinet Approval for New Railway Projects

Source- This post on Unified Lending Interface (ULI) has been created based on the article “RBI to launch Unified Lending Interface: What is it and how will it benefit borrowers” published in “Indian Express” on 27th August 2024. Why in News? RBI Governor Shaktikanta Das recently announced ULI to build on the success of the… Continue reading Unified Lending Interface (ULI)

Source- This post on BoCW Management Information System (MIS) portal has been created based on the article “Ministry of Labour & Employment launches Building and other Construction Workers (BoCW) Management Information System (MIS) portal” published in “PIB” on 22 August 2024. Why in News? Recently, the Secretary of the Ministry of Labour & Employment chaired… Continue reading BoCW Management Information System (MIS) portal

Source- This post on JAL VIDYUT DPR portal has been created based on the article “Union Minister Shri Manohar Lal Launches Online Portal for Monitoring Survey and Investigation Activities of Hydro Electric Projects and Pumped Storage Projects (JAL VIDYUT DPR)” published in “PIB” on 21 August 2024. Why in News? Union Minister Shri Manohar Lal,… Continue reading JAL VIDYUT DPR portal 

Source- This post on PROMPT Portal has been created based on the article “Union Minister Shri Manohar Lal Khattar Launches Portal for Online Monitoring Of Projects – Thermal (PROMPT)” published in “PIB” on 21 August 2024. Why in News? Recently, the Union Minister of Power and Minister for Housing and Urban Affairs, launched the Portal… Continue reading PROMPT Portal

Source- This post on Purandar Fig has been created based on the article “India’s GI-tagged agro-product Figs juice exported first time to Poland” published in “Indian Express” on 20 August 2024. Why in News? The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the export of India’s first ready-to-drink fig juice, made from… Continue reading Purandar Fig

Source- This post on Offshore Areas Mineral Trust Rules 2024 has been created based on the article “Govt makes offshore mineral rules stricter but eases awarding process” published in “Business Standard” on 20 August 2024. Why in News? The government has introduced the Offshore Areas Mineral (Auction) Rules, 2024, to ensure a transparent and competitive… Continue reading Offshore Areas Mineral Trust Rules, 2024

Source- This post on Amendment to Foreign Exchange Management (Non-debt Instruments) Rules 2019 has been created based on the article “Department of Economic Affairs amends Foreign Exchange Management (Non-debt Instruments) Rules, 2019 in pursuance of Union Budget 2024-25 announcement” published in “PIB” on 16 August 2024. Why in News? The Department of Economic Affairs (DEA),… Continue reading Amendment to Foreign Exchange Management (Non-debt Instruments) Rules 2019

Source- This post on Krishi-Decision Support System (Krishi-DSS) has been created based on the article “Centre launches new decision support system for agriculture sector” published in “Business Standard” on 17 August 2024. Why in News? The Union government has introduced a digital geospatial platform called Krishi-Decision Support System (Krishi-DSS). About Krishi-DSS: 1. About- It is… Continue reading Krishi-Decision Support System (Krishi-DSS)

Source- This post on India Rankings 2024 has been created based on the article “Shri Dharmendra Pradhan releases India Rankings 2024 in New Delhi” published in “PIB” on 13 August 2024. Why in News? Union Minister for Education released the India Rankings 2024 utilizing the National Institutional Ranking Framework (NIRF) created by the Ministry of… Continue reading India Rankings 2024

Source- This post on Overnight Index Swap (OIS) has been created based on the article “Monetary policy review: FPI investment limit in OIS market under review” published in “Business Standard” on 12 August 2024. Why in News? Recently, the Reserve Bank of India (RBI) has been reviewing the investment limit for foreign investors in the overnight… Continue reading Overnight Index Swap (OIS) 

Source- This post on Banking Laws (Amendment) Bill, 2024 has been created based on the article “Bill providing up to 4 nominees for bank account tabled” published in “Indian Express” on 10 August 2024. Why in News? Recently, The Banking Laws (Amendment) Bill, 2024, was introduced in the Lok Sabha. The Banking Laws (Amendment) Bill, 2024… Continue reading Banking Laws (Amendment) Bill, 2024

Source- This post on PM MITRA Parks has been created based on the article “PM Mitra Parks to ensure strengthening of local economy & textile ecosystem” published in “PIB” on 10 August 2024. Why in News? The Government has approved the establishment of 7 PM MITRA Parks on Greenfield/Brownfield sites with world-class infrastructure, including plug-and-play facilities… Continue reading PM MITRA Parks

Source- This post on New rules for solar panel manufacturers has been created based on the article “Centre tightens disclosure norms for domestic solar manufacturers” published in “The Hindu” on 9 August 2024. Why in News? The Indian government has introduced stricter rules for solar panel manufacturers to improve transparency and enforce the use of domestic… Continue reading New rules for solar panel manufacturers

Source- This post on Yen Carry Trade has been created based on the article “What is Yen carry trade and why did it help trigger a global stock market fall?” published in “Indian Express” on 8 August 2024. Why in News? Recently, major global stock markets witnessed their steepest decline in decades, with the yen… Continue reading Yen Carry Trade

Source- This post on Finance Bill 2024 has been created based on the article “Lok Sabha passes Finance Bill, amends provision on LTCG tax” published in “The Hindu” on 8 August 2024. Why in News? The Finance Bill, 2024, was passed in the Lok Sabha with an amendment relaxing the long-term capital gains (LTCG) tax proposal… Continue reading Finance Bill 2024

Source- This post on Asset Management Companies (AMCs) has been created based on the article “AMC heads to be pulled up for abusive market practices: SEBIIn dark shadow of a powerhouse: tribes who built A.P power project live in darkness” published in “The Hindu” on 7 August 2024. Why in News? Recently, SEBI announced in a… Continue reading Asset Management Companies (AMCs)

Source- This post on “VIRAASAT” Exhibition has been created based on the article “VIRAASAT”, an exhibition to celebrate 10th National Handloom Day begins at Handloom Haat, New Delhi” published in PIB on 5 August 2024. Why in News? Recently, “VIRAASAT” exhibition was held at Handloom Haat in Janpath on 3rd August, 2024. About “VIRAASAT” Exhibition 1. About: “VIRAASAT” is… Continue reading “VIRAASAT” Exhibition

Source- This post on Supreme Court Ruling on MSME Accounts and NPA has been created based on the article “SC asks banks to find MSME stress before accounts turn to NPA” published in The Hindu on 5 August 2024. Why in News? The Supreme Court has decided that banks or creditors must find early signs of trouble… Continue reading Supreme Court Ruling on MSME Accounts and NPA

Source- This post on CEA Approves Two New Hydro Pumped Storage Plants has been created based on the article “Central Electricity Authority (CEA) accords concurrence to two Hydro Pumped Storage Plants” published in PIB on 3 August 2024. Why in News? The Central Electricity Authority (CEA) is taking steps to accelerate the development of Hydro Pumped Storage Projects (PSPs)… Continue reading CEA Approves Two New Hydro Pumped Storage Plants

Source- This post on the Report on Power Cuts in India has been created based on the article “In 3 years, power cuts in India will rise, says report” published in “The Hindu” on 1 August 2024. Why in the news? As per the recent research report from the India Energy and Climate Centre, University… Continue reading Report on Power Cuts in India

Source- This post on the Liquidity Coverage Ratio (LCR) has been created based on the article “RBI’s proposed norms on LCR could be a dampener for some banks” published in “Moneycontrol” on 1 August 2024. Why in the news? The Reserve Bank of India (RBI) recently issued draft guidelines for banks on the Liquidity Coverage… Continue reading Liquidity Coverage Ratio (LCR)

Source- This post on the India’s Mineral import surge has been created based on the article “Mineral import surges 80%” published in “The Hindu” on 1 August 2024. Why in the news? India’s major mineral imports (mostly non-critical minerals) has witnessed almost 80% rise in value terms over five years. The mineral import in value terms… Continue reading India’s Mineral import Surge