Indian Economy Current Affairs for UPSC IAS Prelims 2024 Examination

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

Source-This post on Reverse Flipping is based on the article “Startups ‘reverse flip’: Pine Labs, Zepto, Meesho in queue for India return” published in “Economic Times” on 21st March 2024. Why in the News? Startups such as Pine Labs, Zepto, and Meesho are the latest new-age companies looking to move headquarters to India. About reverse… Continue reading Reverse Flipping

Source-This post on NHAI completes largest InvIT monetization is based on the article “NHAI Completes Largest InvIT Monetization of Over Rs. 16,000 Crore Through ‘Round 3’” published in “PIB” on 19th March 2024. Why in the News? National Highways Infra Trust (NHIT) has completed fundraising through ‘InvIT Round-3’ for National Highway stretches totaling 889 kilometers.… Continue reading NHAI completes largest InvIT monetization

Source-This post on Kisan Credit Card (KCC) Fisheries Scheme is based on the article “Department of Fisheries Integrates Kisan Credit Card Fisheries Scheme onto JanSamarth Portal” published in “Krishi Jagran” on 16th March 2024. Why in the News? The Department of Fisheries has included the Kisan Credit Card (KCC) Fisheries scheme on the JanSamarth Portal… Continue reading Kisan Credit Card (KCC) Fisheries Scheme

Source-This post on ’Passing off’ under Trademark Rules is based on the article “Why Delhi’s Dolma Aunty Momos challenged the use of her trade mark, what the law says” published in “The Indian Express” on 18th March 2024. Why in the News? The Delhi High Court recently revoked a trademark registration for “Dolma Aunty Momos”… Continue reading ’Passing off’ under Trademark Rules

Source-This post on Patent Rules 2024 is based on the article “Patent office grants One Lakh Patents in one year” published in “PIB” on 16th March 2024. Why in the News? Recently, the Patent Rules, 2024 has been officially notified. About Patents Rules, 2024 1. About: Patent Rules, 2024 marked a significant milestone in the… Continue reading Patent Rules 2024

Source-This post on Railways Multi-modal transport hubs is based on the article “Railways plans to develop multi-modal transport hubs” published in “The Hindu” on 15th March 2024. Why in the News? The Indian Railways aims to establish mega railway terminals featuring multi-modal connectivity in aspirational cities with a population of more than 10 lakh nationwide.… Continue reading Railways Multi-modal transport hubs

Source-This post on Private Placement is based on the article “Sebi decides to repeal certain circulars related to private placement of securities” published in “The Indian Express” on 13th March 2024. Why in the News? The Securities and Exchange Board of India (SEBI) has recently decided to repeal certain circulars that provided relaxation for the… Continue reading Private Placement

Source– This post on SM REITs- Small and medium real-estate investment trusts has been created based on the article “SM REITs can help investors bet on high-value assets” published in “Economic Times” on 14th March 2024. Why in the news? The Securities and Exchange Board of India (Sebi) recently introduced amendments to the REIT Regulations… Continue reading SM REITs- Small and medium real-estate investment trusts

Source-This post on SEBI Index Providers Regulations, 2024 is based on the article “Sebi mandates registration of index providers under regulatory fold” published in “Business Standard” on 10th March 2024. Why in the News? The Securities and Exchange Board of India (SEBI), in its latest regulations, has mandated index providers overseeing “significant indices” linked to… Continue reading SEBI Index Providers Regulations, 2024

Source-This post on New digital competition law proposed to regulate Big Tech is based on the article “Panel recommends law to regulate Big Tech firms” published in “The Hindu” on 13th March 2024. Why in the News? The Committee on Digital Competition Law, in its report, has recommended legislation to regulate the market power of… Continue reading New digital competition law proposed to regulate Big Tech

Source-This post on sponge iron has been created based on the article “‘Ore shortage’ hitting steel production, says sponge iron industry, seeks ban on exports” published in “Bussiness news” on 8 March 2024. Why in the news? The sponge iron industry held that an Ore shortage is hitting steel production. About sponge iron 1. About: i)… Continue reading Sponge Iron