UPSC CURRENT AFFAIRS – 12 May 2025 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. …
Syllabus: Economy Source: TH Context: The recent article highlights the urgent need for a structural reset in India’s manufacturing sector to boost competitiveness and productivity in the context of global shifts towards high-tech, innovation-driven industries. About A fundamental reset to drive manufacturing growth: Status of Indian Manufacturing Current Contribution: Manufacturing contributes 16–17% to India’s GDP …
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Syllabus: Indian Economy – Fiscal Federalism Source: Indian Express Context: As states demand greater fiscal autonomy and a larger share of the divisible tax pool, the 16th Finance Commission (FC) faces a complex challenge. About the 16th Finance Commission The 16th Finance Commission (FC)was constituted under Article 280 in December 2023, chaired by Arvind Panagariya, to recommend tax …
Syllabus: Economy Source: IE Context: India faces a jobs deficit with only 6 crore formal jobs created for 9 crore new working-age citizens since 2017-18. Rapid automation and capital-heavy growth threaten employment, needing urgent reforms for Viksit Bharat. Importance of Labour Force for Viksit Bharat: Demographic Dividend: With 65% of India’s population under 35, providing productive employment is key to long-term …
Topic: National Income Accounting Q5. Despite the robustness of GDP as a measure, it fails to capture the informal sector adequately. Discuss the implications of this limitation. Suggest alternatives for more inclusive national income accounting. (15 M) Difficulty Level: Medium Reference: InsightsIAS Why the question The informal sector, which forms the backbone of India’s employment …
Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q5. Explain the key reasons behind the sustained decline in bank credit growth in recent times. Suggest measures to ensure credit growth without compromising financial stability. (10 M) Difficulty Level: Medium Reference: TH Why the question: RBI’s March 2025 data …
Source: TOI Context: The Finance Ministry has discontinued the Gold Monetisation Scheme (GMS) for medium- and long-term deposits from March 26, 2025. RBI has clarified that existing deposits will continue until maturity; however, no fresh mobilisations or renewals will be allowed. About Gold Monetisation Scheme (GMS): What is GMS? A scheme to mobilise idle gold …
Source: TH Context: The Economic Survey 2025 cautions against excessive financialisation in India, warning that it could harm the economy by increasing inequality, debt levels, and over-reliance on asset prices for growth. About Financialisation: What it is: Financialisation refers to the growing dominance of financial markets, institutions, and motives in shaping economic policies and outcomes. Factors …
UPSC CURRENT AFFAIRS – 9 August 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. These …
Syllabus: Indian Economy Source: TH Context: The Reserve Bank of India (RBI) has refrained from cutting the repo rate despite stable inflation rates. The repo rate, which influences loan EMIs, has remained unchanged since February 2023. RBI Monetary Policy Meeting Summary: Repo Rate: Held steady at 6.5% for the ninth consecutive time. Inflation Drivers: Core inflation is moderate, but …
UPSC CURRENT AFFAIRS – 5 August 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. These …
Syllabus: Indian Economy Source: World Bank Context: The World Bank Report 2024 report offers a roadmap to help developing countries escape the Middle-Income Trap, where countries with GDP per capita between $1,136 and $13,845 face growth slowdowns and struggle to reach high-income levels. What is a Middle-Income Trap? The World Bank defines the middle-income …
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UPSC CURRENT AFFAIRS – 23 July 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. These …
Syllabus: Indian Economy Source: PIB Context: Economic Survey 2023-24 was tabled in Parliament by Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman. What is the Economic Survey? It provides a detailed report of the state of the national economy (from agriculture to unemployment to infrastructure) for the year that is coming to a close (2023-24) …
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Syllabus: Social justice Source: PIB Context: Economic Survey 2024 Addresses Mental Health at the Economic Level for the First Time Ever National Prevalence of Mental Health Mental Disorders: 10.6% of Indian adults suffer from mental disorders (NMHS 2015-16). Treatment Gap: Ranges from 70% to 92% for different disorders. Urban vs. Rural: Higher mental morbidity …
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UPSC CURRENT AFFAIRS – 8 July 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. These …
Syllabus: Indian Economy Source: IE Context: India’s current account registered a surplus in Q4 of 2023-24. However, a surplus is not always good, nor is a deficit always bad. About Balance of Payments (BoP): Difference between BoP and BoT: Why Current account surplus is not always good, nor is a deficit always …
UPSC CURRENT AFFAIRS – 4 July 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. These …
Syllabus: Indian Economy Source: The Hindu BL Context: The RBI has proposed draft regulations (Draft Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2024) to streamline export-import transactions, enhancing ease of business for small exporters and importers. Key Highlights of the Draft Regulation: Exporters must declare the full export value of goods …
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UPSC CURRENT AFFAIRS – 3 July 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. These …
