Indian Economy Current Affairs for UPSC IAS Prelims 2024 Examination

Source-This post on Nifty Non-Cyclical Consumer Index Fund is based on the article “Groww Mutual Fund launches Nifty Non-Cyclical Consumer Index Fund” published in “The Economic Times” on 7th May 2024. Why in the News? Groww Mutual Fund has recently introduced India’s First Nifty Non-Cyclical Consumer Index Fund. About Nifty Non-Cyclical Consumer Index Fund Aspects… Continue reading Nifty Non-Cyclical Consumer Index Fund

Source-This post on Drip Pricing is based on the article “Centre issues warning against ‘drip pricing’. What is it?” published in “Hindustan Times” on 8th May 2024. Why in the News? Consumers often faces drip pricing while purchasing any commodities or services. Considering this, the Department of Consumer Affairs asked consumers to reach out to the… Continue reading Drip pricing

Source-This post on Delisting of shares is based on the article “Why is a Reliance Capital Ltd investor challenging its resolution plan?” published in “The Indian Express” on 6th May 2024. Why in the News? Recently, an investor in Reliance Capital Ltd (RCL), which is undergoing insolvency proceedings, has challenged specific regulations related to SEBI’s norms… Continue reading Delisting of shares

Source-This post on Swing trading is based on the article “Explained: What is swing trading” published in “The India Today” on 6th May 2024. Why in the News? The stock market has experienced significant volatility recently due to the ongoing Lok Sabha elections. Amidst these ups and downs, swing trading has become a popular topic… Continue reading Swing trading

Source-This post on Standalone Primary Dealers to borrow in foreign currency has been created based on the article “Standalone Primary Dealers to borrow in foreign currency ” published in “Business Standard” on 4 May 2024. Why in the news? The Reserve Bank of India (RBI) has recently allowed standalone primary dealers (SPDs) to borrow in… Continue reading Standalone Primary Dealers to borrow in foreign currency

Source-This post on Bima Vistaar is based on the article “All-in-one insurance product: Irdai prices Bima Vistaar at Rs 1,500 per policy” published in “The Indian Express” on 3rd May 2024. Why in the News? The Insurance Regulatory and Development Authority of India (Irdai) has proposed Bima Vistaar. Bima Vistaar is an ambitious all-in-one affordable mass… Continue reading Bima Vistaar

Source- This post on Balanced fertilisation is based on the article “How the next government will push ‘balanced fertilisation” published in “Indian Express” on 1st May 2024. Why in the News? The promotion of Balanced fertilisation will be a crucial agricultural priority for the incoming government post Lok Sabha elections. Balanced fertilisation discourages farmers from… Continue reading Balanced fertilisation

Source- This post on Project ISHAN is based on the article “One nation, one airspace’: India’s project ISHAN to streamline air traffic, benefit airlines and passengers” published in “WION” on 30th April 2024. Why in the News? With the idea of One nation, one airspace, India has initiated Project ISHAN (Indian Single Sky Harmonized Air Traffic Management)… Continue reading Project ISHAN

Source- This post on Critical Minerals Summit is based on the article “Mines Ministry to Hold Two-day Critical Minerals Summit from Tomorrow” published in “PIB” on 28th March 2024. Why in the News? The Ministry of Mines will hold a two day ‘Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities.’ About the Critical Minerals Summit: 1.… Continue reading Critical Minerals Summit

Source-This post on Green taxonomy is based on the article “Towards a green growth: On the RBI and a green taxonomy” published in “The Hindu” on 28th March 2024. Why in the news? The latest RBI’s Monetary Policy Report gives primacy to the impact of climate shocks on the economy’s financial stability. This reflects RBI’s step… Continue reading Green taxonomy

Source-This post on Authorised Economic Operator (AEO) programme is based on the article “Centre accords AEO status to gem and jewellery sector” published in “The Hindu” on 28th March 2024. Why in the News? The Gem & Jewellery Export Promotion Council (GJEPC) stated that the government has granted Authorised Economic Operator (AEO) status to the gem… Continue reading Authorised Economic Operator (AEO) programme

Source-This post on India’s Chinese import bill up 2.3 times in 15 years is based on the article “Up 2.3 times in 15 years, India’s Chinese import bill to rise further ” published in “The Hindu” on 28th March 2024. Why in the News? According to a report by the Global Trade Research Initiative (GTRI).… Continue reading India’s Chinese import bill up 2.3 times in 15 years

Source-This post on New corporate governance charter for startups is based on the article “CII brings out new corporate governance charter for startups” published in “The Economic times” on 28th March 2024. Why in the News? Recently, The Confederation of Indian Industry (CII) has launched a corporate governance charter for startups. About corporate governance charter for… Continue reading New corporate governance charter for startups

Source- This post on RBI draft rules for payment aggregators  has been created based on the article “RBI’s draft rules for payment aggregators” published in “The Hindu” on 24 April 2024. Why in the news? The Reserve Bank of India is proposing new regulations for offline payment aggregators (PAs) to enhance safety. About the payment aggregators:… Continue reading RBI draft rules for payment aggregators

Source- This post on Target to achieve $1 trillion goods exports by 2030 has been created based on the article “Target is to achieve $1 trillion goods exports by 2030: Trade Ministry” published in “The Indain Express” on 24 April 2024. Why in the news? The Ministry of commerce has set a target to achieve $1… Continue reading Target to achieve $1 trillion goods exports by 2030

Source: The post on Selling of Surplus power from linkage coal  is based on the article“Surplus power from “linkage coal” can be sold by thermal stations in the market: Power Ministry tells utilities as summer heat intensifies” published in “The Indian Express” on 24th April 2024. What is the News? Recently, the Ministry of Power has clarified… Continue reading Selling of Surplus power from linkage coal

Source– This post on Gross Fixed Capital Formation is based on the article “Why have private investments dropped?” published in “The Hindu” on 19th April 2024. Why in the News? The failure of private investment to pick up pace has been one of the major issues plaguing the Indian economy. About Gross Fixed Capital Formation… Continue reading Gross Fixed Capital Formation

Source– This post on Special Rupee Vostro Account (SRVA)  is based on the article “Payment mechanism for traders importing pulses from Myanmar simplified: Govt”published in “Economic times” on 16th April 2024. Why in the News? India has simplified the payment mechanism for traders importing pulses from Myanmar by facilitating them to use the Rupee/Kyat direct payment… Continue reading Special Rupee Vostro Account (SRVA)

Source– This post on India allows FIIs to Invest in Green Bonds is based on the article “Why has India Allowed FIIs to Invest in Green Bonds?” published in “The Hindu” on 16th April 2024. Why in the News? Recently, the Reserve Bank of India (RBI) has allowed investments in the country’s Sovereign Green Bonds (SGrBs) by… Continue reading India allows FIIs to Invest in Green Bonds

Source- This post India and Brazil working to harmonize their certification systems is based on the article “India & Brazil plan certification to regularize trade of genetic material” on 16th April 2024. Why in news? India and Brazil are working to harmonize their certification systems for the trade in biological genetic material as well as… Continue reading India and Brazil working to harmonize their certification systems

Source- This post on Shrinkflation is based on the article “Shrinkflation makes its way back into FMCG“ published in “The Financial Express” on 15th April 2024. Why in the News? Recently, an increasing trend of shrinkflation has been observed in the Indian FMCG industry. About Shrinkflation 1. About: Shrinkflation is a combination of two words… Continue reading Shrinkflation

Source-This post on India and Mauritius amend their Double Taxation Avoidance Agreement (DTAA) has been created based on the article “India, Mauritius revise tax treaty, aim to plug evasion” published in “The Indian Express” on 12 April 2024. Why in the news? Recently, India and Mauritius have amended their Double Taxation Avoidance Agreement (DTAA). About… Continue reading India and Mauritius amend Double Taxation Avoidance Agreement (DTAA)

Source- This post on How Interest Rates in US impacts India has been created based on the article “India to face most impact if high U.S. interest rates persist” published in “The Hindu” on 12 April 2024. Why in the news? The US Federal Reserve has decided to hike interest rates that will impact the… Continue reading How Interest Rates in US impacts India

Source-This post on CDP-SURAKSHA has been created based on the article “What is CDP-SURAKSHA, govt’s new digital platform to disburse subsidies to horticulture farmers?” published in “The Indian Express” on 10 April 2024. Why in the news? Indian government has launched a new platform CDP-SURAKSHA. This platform will be employed for disbursing subsidies to horticulture… Continue reading CDP-SURAKSHA

Source– This post on Funding Winter has been created based on the article “Bets from big global VC firms fall 80% in India in 2023 amid funding winter” published in “The Business Standards” on 9 April 2024. Why in the news? Investments from large foreign investors in Indian startups has declined by 80% in 2023.… Continue reading Funding Winter