Mar-a-Lago Accord and dollar devaluation Sub : Eco Sec: External sector Context: The Trump administration aims to transform the US into a manufacturing superpower and reduce its massive trade deficit. In 2024, the US faced an over $1 trillion trade deficit, marking the fourth consecutive year of such a trade imbalance. Trump has […]
Inflation going up in South from migration from poorer States Sub: Eco Sec: Inflation and unemployment Context: A recent State Bank of India (SBI) report highlights that labour migration from low-income states to high-income states is contributing to higher inflation in the richer southern states, such as Kerala and Tamil Nadu. More on […]
UPI Incentive Scheme Sub : Eco Sec : Monetary policy Context: The Union Cabinet has approved an incentive scheme for Unified Payments Interface (UPI) payments of less than ₹2,000 for FY 2024-25. The scheme has an outlay of ₹1,500 crore to promote digital payments. Key Features of the Incentive Scheme Eligibility: Payments made […]
Contradiction Between High Per Capita Income and High BPL Population: Supreme Court Sub : Eco Sec : National Income Context: The Supreme Court questioned the contradiction in states claiming high per capita income while having around 70% of their population Below Poverty Line (BPL). The court was hearing petitions seeking ration cards for […]
Income levels of salaried class have stagnated in recent years Sub : Eco Sec: Unemployment and Inflation Why in the News? According to Periodic Labour Force Survey (PLFS) reports, while employment in India is rising, real wages for salaried workers have stagnated since 2019. Key Reasons Behind Wage Stagnation (2019-2024) Inflation Outpacing Wage […]
EBI may rejig short-selling norms Sub : Eco Sec: Capital Market Why in News? SEBI is set to release a consultation paper on revamping short-selling regulations in the stock market. The proposed changes aim to increase market efficiency by removing certain restrictions and penalties on short sales. Key Proposals Expansion of Short-Selling Eligibility […]
Reduce tariff with U.S., suggest textile exporters Sub : Eco Sec : External sector Significance of the U.S. Market for Indian Textile & Apparel (T&A) Exports The U.S. is the single largest export destination for India’s textile and apparel sector. 28.5% of total Indian T&A exports (January–November 2024) were to the U.S. (CITI). […]
Why has India promised to buy more U.S. oil? Sub : Eco Sec: External sector Context: India has committed to increasing its oil and natural gas purchases from the U.S. following discussions between Prime Minister Narendra Modi and U.S. President Donald Trump in February. The two leaders agreed to boost energy trade, with […]
Boosting Value Addition in Spices to Achieve $10-Billion Export Target by 2030 Sub: Eco Sec: Agri Why in News India, despite being the largest producer and exporter of spices, holds a meagre 0.7% share in the global seasoning market, which is valued at $14 billion in 2024. The World Spice Organisation (WSO) has […]
Implications of Treating Virtual Digital Assets (VDAs) as Taxable Properties Sub: eco Sec : Fiscal policy Why in News? The Income Tax Bill, 2025 has classified Virtual Digital Assets (VDAs) (including cryptocurrencies and NFTs) as property and capital assets, subject to taxation, regulation, and seizure of crypto assets, preventing their misuse in illicit […]