ACQ IAS
Daily News Analysis

Daily News Analysis

AI-Powered Tax Governance in India

India continues to face a persistent fiscal challenge of a low tax-to-GDP ratio and widespread tax evasion. Between 2001 and 2022, the average tax-GDP ratio remained around 16.36%, which is relatively low compared to many emerging economies. In addition, it is estimated that nearly 4.3% of tax revenue is lost annually due to evasion. To address these challenges, India has increasingly adopted A
18 Apr,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

India’s Income Mobility Trends (2014–2025)

 India’s income mobility trends between 2014 and 2025 indicate a worrying reversal, where a larger proportion of households are moving downward rather than upward in the income ladder. This trend raises serious concerns about the nature of economic growth, as it suggests that growth is not adequately translating into broad-based prosperity. Income mobility is an important indicator of
09 Apr,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

India’s Export Performance

 India’s exports have shown strong post-pandemic growth, reflecting its emergence as a resilient economy. The Economic Survey 2025-26 described India’s growth as “the envy of the world”, citing the country’s strong banking system, ample foreign reserves, and stable current account. This momentum is supported by targeted import substitution and strategic measures that i
06 Apr,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

EASE 9.0 Reforms

The EASE 9.0 reforms, launched in February 2026 by the Department of Financial Services, aim to transform India’s Public Sector Banks (PSBs) into globally competitive, technology-driven, and resilient institutions. The initiative aligns with the national vision of Viksit Bharat @2047 and emphasizes technology-led modernization, operational excellence, and socio-economic impact. Founda
04 Apr,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Open Acreage Licensing Policy

Oil India Limited has undertaken seismic studies in the blocks awarded under the 9th round of OALP. This step has been taken to assess hydrocarbon potential and to formulate an effective bidding strategy for the upcoming 10th round. This development highlights the growing importance of data-driven exploration and strategic planning in India’s oil and gas sector. Introduction to OALP Th
20 Mar,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Liberalised Remittances Scheme (LRS)

   Recent data indicates that outward remittances by Indians under the Liberalised Remittances Scheme declined to $1.94 billion in November 2025, marking a two-year low. This decline was mainly due to a significant reduction in spending on foreign education, reflecting changing trends in overseas expenditure. About the Liberalised Remittances Scheme (LRS) The Liberalised Remittances S
17 Mar,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Small Industries Development Bank of India (SIDBI)

 Recently, the Union Cabinet of India approved equity support of ₹5,000 crore for the Small Industries Development Bank of India (SIDBI). This decision aims to strengthen SIDBI’s financial capacity to support Micro, Small and Medium Enterprises (MSMEs) and promote entrepreneurship across the country. About Small Industries Development Bank of India The Small Industries Development
15 Mar,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Integrated Ombudsman Scheme, 2026

 The Reserve Bank of India (RBI) has unveiled the Reserve Bank – Integrated Ombudsman Scheme, 2026, aimed at enhancing efficiency and transparency in resolving customer complaints against banks and other regulated entities. About the Integrated Ombudsman Scheme, 2026 The Scheme is designed to improve grievance redressal mechanisms for customers of banks and financial instituti
28 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Cooperative Banks

 Recently, the Reserve Bank of India (RBI) released a discussion paper inviting public comments on the issuance of new licences for cooperative banks. This has revived the long-standing debate on whether cooperative banks can be effectively regulated within India’s modern, prudential banking framework. The issue is not merely about licensing but about reconciling cooperative principles wi
20 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

India’s Development Path

 The Economic Survey 2025–26 presents a structured roadmap for India’s rise amid global fragmentation, supply-chain realignments, technological disruption, and climate stress. Rather than adopting a defensive posture, it advocates “strategic sobriety”—a calm, long-term policy stance that balances optimism with prudence. The Survey aligns this approach with the broa
18 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Tax rates

Following major policy reforms—lower income tax rates and a rationalised Goods and Services Tax (GST)—private consumption, which forms the bedrock of India’s economic growth, has shown resilience. Policy-led disinflation and monetary easing have temporarily strengthened consumer confidence. However, beneath this renewed optimism lie structural concerns such as rising household de
18 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Urban Cooperative Banks

 The Reserve Bank of India (RBI) has proposed resuming the issuance of licenses for Urban Cooperative Banks (UCBs) after nearly two decades. This move is expected to strengthen the cooperative banking sector and improve financial inclusion in urban and semi-urban areas. About Urban Cooperative Banks (UCBs) Urban Cooperative Banks are primary cooperative banks located in urban and semi-urb
17 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

India’s E-Commerce Sector

 India’s e-commerce sector has emerged as a key driver of digital and consumption-led growth, expanding beyond metropolitan cities into Tier-II and Tier-III towns. Valued at approximately $125 billion in 2024, the sector is projected to reach $345 billion by 2030. This expansion is supported by rising internet penetration, smartphone adoption, and seamless digital payments. The rapi
13 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Fiscal Focus

 In the Union Budget 2026–27, the Government of India has shifted its fiscal focus from merely targeting the annual fiscal deficit to prioritising the debt-to-GDP ratio. This reflects a move toward ensuring medium-term fiscal sustainability rather than concentrating only on short-term deficit numbers. About Fiscal Policy Fiscal policy refers to the manner in which the Government of
12 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Union Budget 2026–27

 The Union Minister of Finance and Corporate Affairs presented the Union Budget 2026–27 in Parliament, marking the first Budget to be prepared in the newly inaugurated Kartavya Bhawan. The Budget has been framed as a Yuva Shakti–driven Budget, anchored in the long-term vision of Viksit Bharat. It is guided by the principles of Action over Ambivalence, Reform over Rhetoric, and Pe
10 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Apparel Export Promotion Council (AEPC)

 A. Sakthivel has recently been appointed as the Chairman of the Apparel Export Promotion Council (AEPC), marking his fifth term at the helm of the organisation. His reappointment highlights continuity in leadership at a time when India is seeking to enhance its global apparel export competitiveness. About the Apparel Export Promotion Council (AEPC) The Apparel Export Promotion Council w
06 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Sabka Bima, Sabki Raksha Bill, 2025

 The Lok Sabha has passed the Sabka Bima, Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which proposes to raise the Foreign Direct Investment (FDI) limit in the insurance sector from 74% to 100%. The reform is positioned as a key step towards deepening insurance coverage and achieving the vision of “Insurance for All by 2047.” Overview of the Bill The Bill enables 10
04 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Design Linked Incentive (DLI) Scheme

 The Design Linked Incentive (DLI) Scheme is a critical initiative aimed at anchoring India in the most strategic and value-intensive segment of the global semiconductor value chain—chip design. The scheme focuses on building India’s fabless semiconductor ecosystem, which emphasises design and intellectual property rather than manufacturing alone. About the Design Linked Incentive (
04 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Corporate Bond Market in India

 NITI Aayog has released a report titled “Deepening the Corporate Bond Market in India”, emphasizing that an efficient and liquid corporate bond market is essential for expanding market access, improving liquidity, and enhancing investor participation. The report highlights the need for coordinated reforms to unlock the market’s full potential and support India’s long-te
03 Feb,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Rapid Financing Instrument (RFI)

 Recently, the International Monetary Fund (IMF) approved emergency financial assistance of USD 206 million to Sri Lanka under its Rapid Financing Instrument (RFI). The funding is intended to help the country meet urgent balance of payments needs arising from the devastating impact of Cyclone Ditwah. About the Rapid Financing Instrument The Rapid Financing Instrument is an IMF facility th
31 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Financial Fraud Risk Indicator (FRI)

 Recently, the Department of Telecommunications (DoT) announced that the Financial Fraud Risk Indicator (FRI) has helped prevent potential financial losses of nearly ₹660 crore across the banking and digital payments ecosystem within six months of its launch. The initiative strengthens India’s response to the rising threat of digital and telecom-enabled financial frauds. What is the
30 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

India’s Capital Markets

 India’s capital markets are witnessing a structural transformation in which domestic household savings are increasingly replacing Foreign Portfolio Investment (FPI) as the primary source of market liquidity. This shift has strengthened market stability and reduced vulnerability to global capital volatility, but it has also brought challenges related to investor protection, valuation risk
26 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Regional Rural Banks (RRBs)

Recently, the Ministry of Finance unveiled a new logo for Regional Rural Banks (RRBs) to project a single, unified brand identity across the country. This move aims to enhance visibility, trust, and recognition of RRBs as key institutions for rural financial inclusion. About Regional Rural Banks (RRBs) Regional Rural Banks (RRBs) were established in India to promote financial inclusion i
25 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Hybrid Mutual Funds

 Hybrid mutual funds are investment schemes that invest in more than one asset class, mainly equity (stocks) and debt (bonds), and in some cases gold, REITs and InvITs. Their main objective is to provide a balanced combination of growth and stability by diversifying investments across different assets. These funds are also known as asset allocation funds because they follow a pre-decided or fle
20 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

RBI’s Repo Rate

 The Reserve Bank of India’s Monetary Policy Committee (MPC) has reduced the repo rate by 25 basis points to 5.25%, marking a cumulative cut of 125 basis points in 2025. The RBI described the current macroeconomic situation as a “Goldilocks phase”, characterised by low inflation and strong GDP growth. What is the ‘Goldilocks Phase’ in an Economy? A Goldilock
13 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Masala Bonds

 The Enforcement Directorate (ED) has issued show-cause notices to senior political leaders in Kerala for the alleged violation of the Foreign Exchange Management Act (FEMA) and Reserve Bank of India (RBI) directions in connection with the issuance of Masala Bonds. This has brought renewed attention to the regulatory framework governing these instruments. What are Masala Bonds? Masala Bon
08 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Investor Education and Protection Fund Authority (IEPFA)

 Recently, the Investor Education and Protection Fund Authority (IEPFA), in collaboration with the Securities and Exchange Board of India (SEBI), organised a “Niveshak Shivir” in Jaipur, aimed at enhancing investor awareness and financial literacy. About Investor Education and Protection Fund Authority The Investor Education and Protection Fund Authority (IEPFA) was established in
06 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Open Market Operations (OMO)

The Reserve Bank of India (RBI) has recently announced that it will conduct Open Market Operation (OMO) purchases of government securities worth ₹1 trillion. In addition, the RBI will undertake a three-year dollar–rupee buy/sell swap of $5 billion. These measures are aimed at injecting durable liquidity into the financial system and supporting orderly financial market conditions. Wh
03 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Infrastructure Investment Trust (InvIT)

 Recently, the National Highways Authority of India (NHAI) received in-principle approval from the Securities and Exchange Board of India (SEBI) to launch ‘Raajmarg Infra Investment Trust (RIIT)’ as an Infrastructure Investment Trust (InvIT). This development is aimed at mobilising long-term capital for national highway infrastructure development. What is an Infrastructure Invest
03 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

India’s Export Strategy

 India must urgently recalibrate its export strategy to navigate rising global trade headwinds and maintain international competitiveness. This recalibration should focus on market diversification, deeper diplomatic engagement, and stronger on-ground business development in key export destinations.India’s ambition to become a developed nation by 2047 is closely tied to its ability to sust
01 Jan,2026 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Masala Bonds

 The Enforcement Directorate (ED) has issued notices to the Kerala Chief Minister in connection with the KIIFB (Kerala Infrastructure Investment Fund Board) Masala Bond investigation. This marks a significant escalation in the ongoing conflict between the LDF state government and central agencies over Kerala’s state financing model. About Masala Bonds Definition:
24 Dec,2025 GS-3 Indian Economy & Issues Related to Mobilization of Resources

India’s External Debt 2025

 India’s external debt has risen to USD 747.2 billion by the end of June 2025, marking a 1.5% increase from the previous quarter, according to the latest data from the Reserve Bank of India (RBI). Despite this increase, India’s external debt remains manageable due to various stabilizing factors. Current Status of India’s External Debt Valuation Effects:
05 Nov,2025 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Payments Regulatory Board

The establishment of the Payments Regulatory Board (PRB) by the Reserve Bank of India (RBI) marks a significant step in strengthening the governance and oversight of India’s payment systems. Composition of the PRB: Chair: The RBI Governor will chair the PRB, which aligns with the central role the RBI plays in regulating and supervising the country’s payment systems.
31 Oct,2025 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Foreign Currency Settlement System (FCSS)

The Foreign Currency Settlement System (FCSS) has been launched by the Union Finance Minister at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City). About Foreign Currency Settlement System (FCSS) What is the FCSS? The Foreign Currency Settlement System (FCSS) aims to facilitate foreign currency transactions between IFSC Banking U
28 Oct,2025 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Income Tax Appellate Tribunal (ITAT)

 Recently, the Chief Justice of India praised the Income Tax Appellate Tribunal (ITAT) for its significant contribution to the justice delivery system, especially marking its 84th anniversary. About the Income Tax Appellate Tribunal (ITAT) The Income Tax Appellate Tribunal (ITAT) is a quasi-judicial institution established in 1941. It is specialized in handling appeals related to direct
28 Oct,2025 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Directorate of Revenue Intelligence (DRI)

 Recently, as part of its ongoing pan-India initiative "Operation Weed Out", the Directorate of Revenue Intelligence (DRI) successfully seized 39.2 kg of hydroponic weed at Chhatrapati Shivaji Maharaj International Airport in Mumbai. This operation reflects the agency's continued efforts in curbing drug trafficking and smuggling activities across the country. About Directorate
27 Oct,2025 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Pink Tax in India

In a recent development, the National Consumer Disputes Redressal Commission (NCDRC) has ruled that companies in India must adhere to fair pricing policies and avoid gender-based price discrimination. This decision has brought attention to the ongoing issue of the Pink Tax, although no specific laws currently address this in India. What is the Pink Tax? The Pink Tax refers to the practic
21 Oct,2025 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Banking Laws (Amendment) Bill, 2024

 Banking Laws (Amendment) Bill, 2024 In News: The Banking Laws (Amendment) Bill, 2024 was recently passed by the Lok Sabha. This bill seeks to amend multiple key banking laws in India to improve the regulatory framework, enhance operational efficiency, and align with contemporary banking practices. About the Bill: The Banking Laws (Amendment) Bill, 2024 amends the following important laws
10 Dec,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Amendments in Indexation for Long-Term Capital Gains (LTCG)

 Recently, the Ministry of Finance announced an amendment concerning the Long-Term Capital Gains (LTCG) tax on real estate, responding to criticism regarding earlier proposals made in the Budget 2024-25. Key Aspects of the Amendment Choice for Taxpayers: Taxpayers are now given the option to choose between a new, lower LTCG tax rate or to continue with the existing regime, which offers a h
31 Aug,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Lithium Reserves in India

 The Atomic Minerals Directorate for Exploration and Research has identified 1,600 tonnes of lithium resources in the Mandya district of Karnataka. This discovery is poised to have several significant implications for India. Implications of Lithium Discovery Reduced Import Dependence: Currently, India heavily relies on imports for lithium, primarily from China and Hong Kong. Domestic reser
27 Aug,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Central Banker Report Cards 2024

 RBI Governor Shaktikanta Das has been awarded an A+ rating in the Global Finance Central Banker Report Cards 2024. This marks his second consecutive year being rated A+ and ranking in the top 3 central bankers globally. Role of Central Banks Central banks are crucial for: Regulating Monetary Policy: They control inflation, manage interest rates, and maintain financial system stab
15 Aug,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

RBI Revises NPAs Provision Norms for Co-operative Banks

 The Reserve Bank of India (RBI) has introduced revised norms for provisioning Non-Performing Assets (NPAs) among co-operative banks to enhance financial stability and uniformity in the treatment of bad debts. Need for New Norms The new guidelines were necessitated due to some co-operative banks not recognizing the required provisions for NPAs as an expense, which can undermine their financia
08 Aug,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Ways and Means Advances (WMA)

 The Reserve Bank of India (RBI) has increased the Ways and Means Advance (WMA) limit for States and Union Territories (UTs) to ₹60,118 crore from the previous limit of ₹47,010 crore. This increase aims to help States and UTs manage their fiscal situations more effectively. Purpose: WMA is a facility provided by RBI to address temporary mismatches in cash flow between receipts and payments.
18 Jul,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Trends in Remittance

 Trends in Remittance: Key Insights from the World Bank's Migration and Development Brief 1. Overview of Remittances Definition: Remittances are funds sent by migrants to their families or relatives in their home countries while they are working abroad. These transfers are vital for recipient countries, contributing significantly to household incomes and foreign exchange reserves. Me
09 Jul,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Variable Rate Repo (VRR)

 The Variable Rate Repo (VRR) is a monetary policy tool used by the Reserve Bank of India (RBI) to manage short-term liquidity in the banking system. Here's a detailed overview: About VRR Purpose: Infuse Liquidity: The VRR mechanism is employed when the RBI wants to inject liquidity into the banking system, particularly when banks are hesitant to borrow at the fixed Repo Rate due to
30 Jun,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Insolvency and Bankruptcy Code

 The proposed amendments to the Insolvency Resolution Process for Corporate Debtors under the Insolvency and Bankruptcy Code (IBC) by the Insolvency and Bankruptcy Board of India (IBBI) aim to address several critical areas to improve the efficiency and effectiveness of the Corporate Insolvency Resolution Process (CIRP). Here’s a breakdown of what these amendments might entail and their poten
22 Jun,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

External Commercial Borrowings (ECBs)

 External Commercial Borrowings (ECBs) are a mechanism that allows eligible Indian entities to access foreign funds, contributing significantly to the financing of various projects and operational needs. What are External Commercial Borrowings (ECBs)? Definition: ECBs refer to commercial loans obtained by eligible resident entities from non-resident entities. These loans are a means for In
21 Jun,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

PUMP DUMP SCHEME

 A "pump and dump" scheme is a type of financial fraud where the price of a stock is artificially inflated through deceptive practices, allowing perpetrators to sell their shares at the inflated price before the price crashes. Here’s a more detailed breakdown: How It Works Pump Phase: Promotion: Fraudsters use false or misleading information to create hype around a
07 Jun,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Syndicated loan

 A syndicated loan is a type of financing arrangement where multiple lenders come together to provide a large loan to a borrower. This method is commonly used for significant financing needs, often exceeding the capacity of a single lender to provide alone. Key Points of Syndicated Loans Participation of Multiple Lenders: In a syndicated loan, a group of lenders (usually banks or f
06 Jun,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Revised Priority Sector Lending Norms

 Why in the News? The Reserve Bank of India (RBI) has updated the Priority Sector Lending (PSL) norms to enhance credit flow in economically disadvantaged districts where average loan sizes are low. This revision aims to encourage more small loans in areas that traditionally have lower access to credit. Key Changes in PSL Guidelines Incentive Framework: Objective: To boost lending
01 Jun,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

RBI Governor pushes for group insolvency mechanism

 Context: RBI Governor Shaktikanta Das advocates for a specified framework for the group insolvency mechanism and a vibrant market for stressed assets in India to enhance the functionality of the Insolvency and Bankruptcy Code (IBC). News: Legislative changes to establish appropriate principles for the group insolvency mechanism, addressing challenges like intermingling of assets, defining
03 Feb,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Post Payments Bank

 Context: India Post Payments Bank enter into MoU with Hindustan Zinc to offer financial inclusion services to its CSR beneficiaries. Significance of the MOU: The collaboration will ensure in creating a lasting impact on the lives of community beneficiaries around Hindustan Zinc’s operational areas.  The key services provided by the IPPB will ensure Financial Inclusion and ens
02 Feb,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

‘Swayam Siddha’

 Swayam Siddha is a financial product from the State Bank of India (SBI) that provides loans to women entrepreneurs from Self Help Groups (SHGs). The loans can be up to 5 lakh rupees.
29 Jan,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Windfall tax – Petroleum

 India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a recent government notification. Windfall Tax It is a tax levied by governments against certain industries when economic conditions allow those industries to experience significantly above-average profits. The term “windfall” refer
22 Jan,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Investment bankers

 An investment banker is an individual who often works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities. Examples of investment banker employers - Goldman Sachs (GS), Morgan Stanley (MS), JPMorgan Chase (JPM), Bank of America Merrill Lynch (BAC), and Deutsche Bank (DB).
20 Jan,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Show Cause Notice by Financial Intelligence Unit

 Context: India’s Financial Intelligence Unit has issued show-cause notices to nine offshore crypto-currency operators, including Binance, for not complying with the Prevention of Money Laundering Act, 2002 (PMLA). News: Show Cause Notices for compliance have been sent to nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 o
18 Jan,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Small finance bank

 Context: Recently, Small finance bank (SFB) campaigns were launched.The initiative aims to showcase the achievements of Small Finance Banks (SFBs) in terms of their business models to various stakeholders. About Small Finance Bank (SFB): Small Finance Banks are financial institutions dedicated to providing financial services in regions that are underserved and unbanked. They are i
18 Jan,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

First advance estimates of national income released by the National Statistical Office (NSO)

 Context: India’s real GDP growth in 2023-24 is estimated at 7.3%, compared to 7.2% a year ago, as per the first advance estimates of national income released by the National Statistical Office (NSO), which reckon the economy will outperform the 7% uptick recently projected by the Reserve Bank of India (RBI). About NSO (National Statistical Office): Role and Affiliation: The NSO ser
15 Jan,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Asset quality of Indian banks improves to decadal high: RBI

 Background: As per the Financial Stability Report by the Reserve Bank of India (RBI), the Gross Non-Performing Assets (GNPA) ratio reached 5% in September 2022. Concurrently, the ratio of Net Non-Performing Assets (NPAs) to net advances has decreased to 1.3% in September 2022, marking the lowest point in the last decade. The NPAs had experienced an increase from 3.8% in 2014 to 11.4% in 2018. H
06 Jan,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Credit Rating Agencies and INDIA

 Recently, India released a document titled ‘Re-examining Narratives: A Collection of Essays’ to present alternate perspectives on economic policy that have long-term implications for India’s growth and development priorities. What are credit rating agencies? Credit Rating Agencies (CRA) – According to IMF, they are private companies that assess credit risk&n
06 Jan,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Nation’s first interstate multi-modal transport hub coming up near Delhi airport

 CONTEXT: The proposed hub located near the GMR Aerocity will provide connectivity through an Interstate Bus Terminus, Delhi Metro, the proposed Passenger Transport Centre, and proposed Rapid Rail Transit System station. Delhi International Airport Limited (DIAL) plans to develop India's first multi-modal interstate transport hub near Aerocity, focusing on integrating bus, metro, and air
04 Jan,2024 GS-3 Indian Economy & Issues Related to Mobilization of Resources

New royalty rates for strategic minerals

 New royalty rates for strategic minerals     Why in the News? The centre has recently approved royalty rates of 3% each for lithium and niobium and 1% for Rare Earth Elements (REEs). What does the new royalty rates imply? The Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) was amended to specify the rate of royalty
12 Oct,2023 GS-3 Indian Economy & Issues Related to Mobilization of Resources

The impact of Claudia Goldin’s work-Nobel Prize in Economics

 The impact of Claudia Goldin’s work-Nobel Prize in Economics Why in the News? The Sveriges Riksbank Prize in Economic Sciences for 2023 by the Royal Swedish Academy of Sciences was awarded to Harvard University Professor Claudia Goldin. She was awarded for “having advanced our understanding of women’s labour market outcomes”. Her work “first compreh
11 Oct,2023 GS-3 Indian Economy & Issues Related to Mobilization of Resources

RBI’s Monetary Policy

 RBI’s Monetary Policy     Why in the News? The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained the status quo on interest rates during its review meeting in October. The RBI prefers higher rates for longer periods for both domestic and external reasons: External factors include: Higher US inflation rates (they
07 Oct,2023 GS-3 Indian Economy & Issues Related to Mobilization of Resources

India Steel

 India Steel     Indian steel companies plan to raise prices of various grades of the alloy due to rising import costs of coking coal.  Australia accounts for over 50% of its coking coal imports of around 55-60 million metric tonne a year. India also meets its coking coal requirements by importing from Russia and the United States. India su
07 Oct,2023 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Open Market Operations (OMO)

 Open Market Operations (OMO)     It refers to the purchase and sale of securities (treasury bills and government securities) in open market by the central bank of any country. This is done to regulate money supply in the economy. OMO is one of the most important ways of monetary control that is exercised by the central banks.  The central bank sells securit
07 Oct,2023 GS-3 Indian Economy & Issues Related to Mobilization of Resources

India’s Banking sector

   Transformative reforms undertaken: Consolidation in the public sector banking space Emergence of private banks Specialised non-banking financial companies (NBFCs) Emerging fintech ecosystem have increased the diversity quotient of the financial sector and made it inclusive. The legacy issues of non-performing assets (NPAs) have been left behind by banks. Interna
06 Oct,2023 GS-3 Indian Economy & Issues Related to Mobilization of Resources

Multilateral Development Banks (MDBs)

 It is an international financial institution established by two or more countries for the purpose of encouraging economic development in poorer nations. It consists of member nations from both developed and developing countries. It intends to provide loans and grants to member nations to fund projects to support social and economic development in the areas of infrastructu
12 Aug,2023 GS-3 Indian Economy & Issues Related to Mobilization of Resources

GST ON ONLINE GAMING & ITS IMPLICATIONS

 UNIFORM 28% GST ON ONLINE GAMING & ITS IMPLICATIONS Why in the news? The GST Council has decided to levy a uniform 28% GST on Online gaming, casinos and horse-racing. What are the new changes? The 28% taxation will be applicable on the entire face value of the bet. This is a deviation from the earlier 18% GST on the platform value of the bet. Online gaming, Casinos and horse-r
13 Jul,2023 GS-3 Indian Economy & Issues Related to Mobilization of Resources

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