How beggar-Thy-Neighbour Policies a threat to Global Trade Sub : Eco Sec: External policy Why in News? The term “Beggar-Thy-Neighbour” has gained renewed relevance amid growing trade tensions and currency devaluations, particularly between major economies like U.S. and China. Context: Beggar-thy-neighbour policies refer to protectionist economic measures that benefit one country’s economy at […]
Why the tax Cuts are a One-Way Gamble Sub : Eco Sec: Fiscal Policy Context: Union Budget & recent Tax Cuts The latest Union Budget has introduced significant income tax cuts, largely benefiting the middle class (2-3% of the population). Key changes: Tax-free income limit raised from ₹7 lakh to ₹12 lakh. Exemption […]
Key Takeaways from the Economic Survey 2024-25 Sub : Eco Sec : National Economy /Income Why in News? Finance Minister Nirmala Sitharaman tabled the Economic Survey 2024-25 in Parliament. It provides an overview of the Indian economy’s performance in FY24 and projections for FY25. Prepared by the Department of Economic Affairs under the […]
Revised Tariff Structure to Improve India’s Global Trade Image Sub : Eco Sec : External sector Why in News? The Union Budget 2024-25, announced on February 1, 2025, has introduced a revised tariff structure aimed at rationalizing import duties and correcting India’s global trade optics. Context: The Indian government has reduced peak customs […]
Trump slaps 25% tariff on imports from Canada, Mexico; additional 10% duty for Chinese goods Sub: Eco Sec: External sector Context: U.S. President Donald Trump announced new tariffs on key trading partners Canada, Mexico, and China. The rationale behind the move was to address what Trump described as a “major threat” posed by […]
Odisha Tops NITI Aayog’s First Fiscal Health Index Sub : Eco Sec : Fiscal Policy Why in News The NITI Aayog has released its inaugural Fiscal Health Index (FHI) Report 2025, which assesses the fiscal health of Indian states for the year 2022-23. The report is significant for understanding states’ fiscal stability, debt […]
Is poverty being underestimated in India? Sub : Eco Sec: Unemployment and inflation Context:- Last month, the government released a factsheet on the 2023-24 Household Consumption Expenditure Survey (HCES), which recorded a decline in poverty in urban and rural areas. Over the last few years, policymakers and academics have debated the issues of […]
Tea Industry Concerns Rise Amidst Surge in Kenyan Imports Sub: Eco Sec: External sector Why in News? India, the second-largest tea producer globally, has seen a massive 288% increase in tea imports from Kenya in 2024. This surge has raised alarms among domestic producers already struggling with oversupply and stagnant prices. Context […]
Digital Economy to Constitute a Fifth of Indian GDP by 2030 – ICRIER Report Sub: Eco Sec: National Income Why in News? The Indian Council for Research on International Economic Relations (ICRIER) has released a report, in collaboration with the Ministry of Electronics and Information Technology, projecting that India’s digital economy will contribute […]
U.S. Implements Tiered Export Rules for AI Chips Sub : Eco Sec: External sector Why in News? The U.S. Bureau of Industry and Security (BIS) has introduced a tiered framework for the export, re-export, and transfer of advanced AI chips and technology to strengthen national security and curb misuse by adversaries. Context The […]