Dr. Manmohan Singh: A Statesman who shaped India’s Economic and Global Trajectory Sub: Eco Sec : External sector Dr. Manmohan Singh, as Finance Minister from 1991 to 1995, played a pivotal role in transforming India’s economic landscape during a time of severe crisis. The reforms he introduced are often credited with liberalizing the […]
Taxing Popcorn in India: GST Controversy Sub: Eco Sec: Fiscal Policy Context: The GST Council introduced differential tax rates on popcorn based on its content: Non-branded, salted/spiced popcorn: 5% GST Pre-packaged and branded popcorn: 12% GST Caramel popcorn (sugar confectionery): 18% GST Rationale: Finance Minister Sitharaman explained that products with added sugar are […]
Why Green Deposits Failed to Take Off in India Sub : Eco Sec: Monetary Policy Context: The Reserve Bank of India (RBI) has introduced a framework, which came into effect from June 1, 2023 for banks and NBFCs to offer green deposits, aimed at promoting eco-friendly climate projects and tackling greenwashing (misleading claims […]
Why is the Indian Rupee Falling Against the US Dollar? Sub :Eco Sec: External sector The exchange rate between the Indian rupee (INR) and the US dollar (USD) is influenced by the demand and supply dynamics of the two currencies in the global market. What is the Exchange Rate? Exchange Rate: The value […]