Context The Union Budget for 2024-25 aims to provide ₹1.48 lakh crore for education, employment and skilling in the country. About The budget’s emphasis on education, employment, and skilling reflects the government’s commitment to building a robust and inclusive economy. Read More …
Category: Economy
Insolvency and Bankruptcy Code (IBC) in India
Context The Finance Minister has recently proposed to set up an integrated technology platform to improve the outcomes under the Insolvency and Bankruptcy Code (IBC). About The Union Minister also proposed the establishment of additional tribunals out of which, a Read More …
Synopsis of Union Budget 2024-25
Context The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, marks a significant step towards achieving the vision of a “Viksit Bharat” (Developed India) by 2047. This budget emphasises growth across various sectors, focusing on employment, infrastructure, and social Read More …
India’s GDP to grow 6.5-7% in 2024-25
Context The Economic Survey 2023-24, presented by Finance Minister Nirmala Sitharaman, projects India’s economy to grow at a steady pace of 6.5-7% in the current fiscal year (FY24). This optimistic outlook is based on the country’s strong economic fundamentals, resilience Read More …
India’s Textile Sector
Context As per a report by the Global Trade Research Initiative India’s textile exports in 2023-24 stood at $14.5 billion, compared with $15 billion in 2013-14. About The report has raised concerns about a steady rise in India’s textiles and Read More …
Five-year Action Plan to Boost Exports
Context The Department of Commerce is working on a five-year action plan in order to provide the building blocks for attaining the goal of $2 trillion exports of goods and services by 2030. About The final goal is to gain Read More …
Role of the Finance Commission
Context Recently the sixteenth Finance Commission headed by Arvind Panagariya has begun its work by inviting suggestions from the public on the mandate set for it by the Centre. About The Finance Commission is a constitutional body constituted by the Read More …
The Green Revolution in Maize
The crop of Maize has also undergone a Green Revolution in India with its annual output increasing more than 3 times between 1999-2000 and 2023-24, from 11.5 to over 35 million tonnes (mt), with average per-hectare yields also rising from 1.8 to Read More …
Role of the Finance Commission
The sixteenth Finance Commission has begun its work by inviting suggestions from the public on the mandate set for it by the Centre. The latest Finance Commission was constituted in December last year and is expected to submit its recommendations by October, 2025 that Read More …
RBI Rules On Managing Financial Fraud
Recently, the Reserve Bank of India (RBI) issued three revised master directions on fraud risk management for Regulated Entities. These master directions have been prepared based on a comprehensive review of the earlier Master Directions, circular and emerging issues. About Master Directions on Fraud Read More …