Indian Economy Current Affairs for UPSC IAS Prelims 2024 Examination

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

Source– This post on Electronic Trading Platforms (ETP) is based on the article “Unauthorised FX platforms: Need enhanced vigilance by banks” published in “The Hindu” on 9th April 2024. Why in the News? Reserve Bank of India (RBI) Governor has raised concerns over unauthorised Electronic Trading Platforms (such as forex trading platforms) and has asked… Continue reading Electronic Trading Platforms (ETP)

Source– This post on NBFC co lending is based on the article “NBFCs’ co-lending book set to touch Rs 1 lakh crore’” published in “The Indian express” on 9th April 2024. Why in the News? The co-lending book of non-banking finance companies (NBFCs) is projected to hit Rs one lakh crore by June 2024 as per CRISIL Ratings.… Continue reading NBFC co lending book

Source-This post on RBI proposed two new UPI features is based on the article “RBI introduces two new UPI features! From cash deposit to PPI wallet interoperability” published in “The Times of India” on 5th April 2024. Why in the News? RBI recently announced two new features for Unified Payments Interface (UPI) users, aiming to… Continue reading RBI proposed two new UPI features

Source-This post on Exchange traded currency derivatives (ETCD) norms is based on the article “RBI defers exchange traded currency derivatives norms” published in “The Indian Express” on 5th April 2024. Why in the News? Recently, the RBI postponed its new norms for the exchange-traded currency derivatives (ETCD) market from April 5 to May 3. Exchange… Continue reading Exchange traded currency derivatives (ETCD) norms

Source– This post on Shrimp farming in India is based on the article “India dismisses allegations of abusive conditions at shrimp farms” published in “The Hindu” on 4th April 2024. Why in the News? Recently, a human rights organization based in Chicago has accused India of human rights and environmental violations in the shrimp farming… Continue reading Shrimp farming in India

Source-This post on RBI@90 program is based on the article “PM addresses RBI@90 opening ceremony” published in “PIB” on 1st April 2024. Why in the News? Recently PM Narendra Modi attended the the opening ceremony of RBI@90, a program marking 90 years of the Reserve Bank of India, in Mumbai, Maharashtra. He also released a commemorative… Continue reading RBI@90 program

Source-This post on Record Defence Exports: Rs 21,083 Cr in FY 2023-24 is based on the article “Defence exports touch record Rs 21,083 crore in FY 2023-24, an increase of 32.5% over last fiscal” published in “PIB” on 1st April 2024. Why in the News? Defence exports hit a record high of Rs 21,083 crore… Continue reading Record Defence Exports: Rs 21,083 Cr in FY 2023-24

Source-This post on Written approval needed for GST Audits of Big Firms and MNCs is based on the article “Now, GST probe into big corporates, major MNCs needs a ‘written approval’” published in “The Hindu” on 31st March 2024. Why in the News? Recently, Central Board of Indirect Taxes and Customs (CBIC) has instructed Central… Continue reading Written approval needed for GST Audits of Big Firms and MNCs

Source-This post on Difference between the current and capital account is based on the article “Current account deficit narrows to 1.2% of GDP at $10.5 billion in Oct-Dec: RBI” published in “The Indian Express” on 27th March 2024. Why in the News? Recently, RBI stated that current account deficit narrows to 1.2 % of GDP at $10.5 billion… Continue reading Difference between the current and capital account

Source-This post on India Employment Report 2024 is based on the article “Employment scenario in India grim, says ILO report” published in “The Hindu” on 27th March 2024. Why in the News? The International Labour Organisation (ILO) and the Institute of Human Development (IHD) have jointly published a report titled “India Employment Report 2024”. About… Continue reading India Employment Report 2024

Source-This post on Krishi Integrated Command and Control Centre (ICCC) has been created based on the article “ICCC: Integrated farm data dashboard for customised solutions” published in “The Indian Express” on 27 March 2024. Why in the news? Agriculture Minister has recently inaugurated a Krishi Integrated Command and Control Centre (ICCC) set up at Krishi… Continue reading Krishi Integrated Command and Control Centre

Source-This post on Low water level in Indian reservoir has been created based on the article “Water level in more than half the key reservoirs at less than 40% capacity” published in “Live Mint” on 22 March 2024. Why in the news? The Central Water Commission (CWC) has recently reported that water level in more… Continue reading Low water level in Indian reservoir

Source-This post on Price stabilization fund is based on the article “Centre brings wheat and rice under price stabilization fund” published in “LiveMint” on 21st March 2024. Why in the News? Recently, the government has approved inclusion of wheat and rice under its price stabilization fund (PSF). About Price stabilization fund 1. About: The Price… Continue reading Price stabilization fund