SEBI Allows All NBFCs & HFCs to Invest in ARC Security Receipts Sub: eco Sec: Monetary policy Why in News? SEBI has permitted all Non-Banking Financial Companies (NBFCs), including Housing Finance Companies (HFCs), (under the SARFAESI Act, 2002, which provides legal backing for securitization and asset reconstruction in India) to invest in security […]
Jobs rising but salaries not keeping pace with inflation Sub: Eco Sec: Inflation Context: NITI Aayog member Arvind Virmani has highlighted the employment trends in India, stating that while employment has been increasing, real wages for regular jobs have not kept pace with inflation over the last seven years. Arvind Virmani identified the […]
Urban cooperative banks urgently need to get their act together Sub: Eco Sec: Monetary Policy Context: Jean Baptiste Alphonse Karr’s quote, “the more things change, the more they stay the same,” applies aptly to the recurring challenges faced by Urban Cooperative Banks (UCBs) over the past quarter-century. Fraud and mismanagement continue to plague […]
Need $8000 Per Capita Income for Full Capital Convertibility Sub: Eco Sec : National income Why in News? Arvind Panagariya, Chairman of the 16th Finance Commission, stated that India should not rush into full capital account convertibility at its current per capita income level and suggested that this reform should only be considered […]
Indian digital economy ranked 28th on user spending: report Sub : Eco Sec: National Income Why in News? A State of India’s Digital Economy (SIDE) Report, 2025 published by ICRIER Prosus Centre for Internet and Digital Economy (CIDE) highlights that India ranks 28th globally in digital user spending despite being the third-largest economy. […]
Congress Advocates ‘Bottom-Up Approach’ to reduce Inequality Sub : Eco Sec: National Income The Congress Party has called for a shift in policy making from cronyism (favoring big businesses) to bottom-up empowerment to tackle inequality and low consumption in India. Key Concerns Low Consumption Levels: India’s per capita consumption is ₹1,493—less than one-third […]
Centre seeks to reduce the share of States in federal tax revenues Sub : Eco Sec : Fiscal Policy Why in News? The Union Government plans to reduce the States’ share of tax revenues from 41% to at least 40%. This proposal will be sent to the Finance Commission of India, led by […]
India-EU deepen ties: Focus on defence, security, and FTA amid Ukraine crisis and trade negotiations Sub: Eco Sec: External Sector Context: India and the European Union (EU) are set to enhance their defence, security, and economic ties in 2025, with a series of key proposals on the agenda. Areas of cooperation: Defence and […]
Working with FSSAI, other bodies to regulate industry: Spices Board Sub : Eco Sec: Agri Why in News? The Spices Board of India is working with the Food Safety and Standards Authority of India (FSSAI) and other regulatory agencies to introduce new industry regulations for sustainability and food safety. The announcement was made […]
Is Consumption Enough to Drive Growth? Sub: Eco Sec: National Income Why in News? India’s economic growth over the past decade has been driven mainly by domestic consumption rather than investment-led expansion. The debate continues on whether consumption alone is sufficient to sustain high economic growth has gained prominence. Investment vs. Consumption: Investment […]