Source: Mint Context: The Grameen Credit Score, introduced in the Union Budget 2025 by Finance Minister, aims to enhance financial inclusion for rural women entrepreneurs and Self-Help Groups (SHGs). About Grameen Credit Score: What it is: The Grameen Credit Score is a digital framework designed to assess the creditworthiness of rural women entrepreneurs and Self-Help …
Context: The Union Government has announced a shift from fiscal deficit to debt-to-GDP ratio as the primary fiscal anchor from FY 2026-27, targeting a 50±1% ratio by 2031. About Debt-to-GDP Ratio: It represents the proportion of a country’s total debt to its GDP, indicating economic stability and repayment capacity. Formula: What it represents? A higher …
Source: IE Context: Union Finance Minister announced a five-year mission to boost the productivity and sustainability of Extra-Long Staple (ELS) cotton farming in India during the Union Budget 2025-26. About ELS Cotton: What is ELS Cotton? ELS cotton refers to cotton varieties with fibre lengths of 30 mm and above, known for their superior quality, softness, and durability. Primarily derived from the Gossypium barbadense species, …
Source: BT Context: The Union Budget 2025-26 proposed raising the FDI limit in the insurance sector from 74% to 100%, aiming to attract global investments and achieve the goal of ‘Insurance for All by 2047’. About the Insurance Sector: What is the Insurance Sector? A critical component of the financial services industry, providing risk protection through life, health, and …
Source: The Print Context: The Union Budget 2025-26 introduced the Gyan Bharatam Mission, a special initiative for the survey, documentation, and conservation of India’s manuscript heritage. About Gyan Bharatam Mission: What is Gyan Bharatam Mission? A national initiative launched to survey, document, and conserve India’s rich manuscript heritage. Focuses on manuscripts held by academic institutions, museums, libraries, and private collectors. …
Source: IE Context: Finance Minister introduced a presumptive taxation regime for non-residents in the Union Budget 2025-26, specifically targeting those providing services in India’s electronics manufacturing sector. About Presumptive Taxation: What is Presumptive Taxation? A simplified tax scheme where income is calculated based on a presumed rate of profit rather than actual income. Designed to reduce compliance burden …
Source: ToI Context: Finance Minister announced the Prime Minister Dhan-Dhaanya Krishi Yojana in the Union Budget 2025-26, targeting 100 districts with low agricultural productivity. About PM’s Dhan-Dhaanya Krishi Yojana: Ministry: Ministry of Agriculture and Farmers’ Welfare. Outlay: No separate allocation, but Rs 1,000 crore allocated for pulses, Rs 500 crore for fruits and vegetables, and …
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Syllabus: Economics Source: TH Context: Finance Minister presented the Union Budget 2025 on February 1, 2025, announcing major tax reliefs, infrastructure investments, and employment generation initiatives. Major Proposals of Union Budget 2025: Income Tax Exemption Increased: No income tax up to ₹12 lakh under the new tax regime, benefiting the middle class. E.g. Salaried taxpayers …
This year’s budget introduces crucial tax reforms, economic policies, and growth initiatives that impact industries, businesses, and individuals. Our Union Budget 2025 Summary provides a detailed breakdown of the key highlights, fiscal changes, and government allocations. 💾 Want the full budget details? Click Here to Download the Union Budget 2025 Summary PDF 📢 …
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Syllabus: Economics Source: IE Context: The Economic Survey 2024-25, tabled by Union Finance Minister Nirmala Sitharaman, provides a comprehensive analysis of India’s economic performance and outlines key challenges and opportunities for sustainable growth. Summary and Key Takeaways from Economic Survey 2025: Global Economic Context: Global growth slowed to 3.3% in 2023, with IMF projecting an …
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