India Weighs Russia’s Alternative to SWIFT: Pros and Cons Sub: Eco Sec: External sector Russia’s Proposal: Russia has proposed that India use its own financial messaging mechanism as an alternative to the SWIFT global network. This proposal is aimed at facilitating rupee-rouble trade settlement between the two countries. RBI’s Assessment: The Reserve Bank […]

    Need to Prevent Market Dominance in Policy Discourse: Insights from Chief Economic Adviser  Sub: Eco Sec: Monetary Policy Why in News? The Chief Economic Adviser (CEA) of India, Anantha Nageswaran, recently cautioned against the increasing dominance of financial markets in policy and macroeconomic outcomes. His comments, made at the CII Financing 3.0 Summit […]

    Slowing of GDP growth due to lower govt spending, MCC: RBI Governor Sub: Eco Sec: Monetary Policy Context: RBI Governor said that the slowing of India’s economic growth to a 15-month low of 6.7% in the April-June quarter was due to lower government spending in the wake of the enforcement of the model […]

    Account aggregator framework, ULI, OCEN to redefine credit access to small firms, individuals Subject: Eco Sec: Monetary Policy Context: Initiatives like the Account Aggregator framework, Unified Lending Interface (ULI), Open Credit Enablement Network (OCEN) would help redefine credit access, particularly for small businesses and individuals, Reserve Bank of India (RBI) Governor Shaktikanta Das […]

    India plans $15 billion second push for chipmaking. Subject: Eco Sec: National Income Context: The government plans to increase the funding outlay for the second phase of its chip manufacturing incentive policy to $15 billion from the $10 billion it had committed for the first phase. More on News: Tata is building India’s first […]

    Analysing the Gender Budget of 2024-25 Subject: Economy Sec: Fiscal Policy Context: Women-led development remains at the core of announcements made by the Finance Minister (FM) in this year’s Budget. This commitment to women empowerment was reflected in Budget allocations to pro-women programmes, as reported by the Gender Budget Statement (GBS). The GB […]

    Centre Agrees to Further Talks with Trade Unions on Labour Codes and Related Issues Sub : Eco Sec: Unemployment and Inflation Why This is in the News: Recent discussions between the union Labour minister and Central Trade Unions (CTUs) have brought key labour-related concerns to the forefront. The CTUs have expressed dissatisfaction with […]

    Strategizing Climate Research for Effective Disaster Management in India Sub: Eco Sec: External Sector Why This is in News: The increasing frequency and severity of natural disasters in India highlight the urgent need to translate climate research into actionable disaster management strategies. The focus is shifting from purely academic research to practical applications […]

    Union Cabinet Redesigns Agricultural Infrastructure Fund to Benefit Farmers’ Producers Organisations (FPOs) Sub :Eco Sec: Agriculture Expansion of Agricultural Infrastructure Fund (AIF): The Union Cabinet has expanded the scope of the Agricultural Infrastructure Fund (AIF), a scheme worth ₹1 lakh crore, to include financial support for Farmers’ Producers Organisations (FPOs). This redesign aims […]