Overview of Retail Inflation Subject: Economy Section: Inflation Data Release: The Ministry of Statistics and Programme Implementation released data on Friday indicating retail inflation growth in December at 5.7%. Understanding Retail Inflation (CPI): Retail inflation, also known as Consumer Price Inflation (CPI), reflects the price rise affecting consumers. This data is pivotal in […]
Generalized System of Preferences (GSP) Subject: Economy Section: External Sector Pharma Exports Boost: The Union government has urged the US to enhance inspections by the US Food and Drug Administration in India to elevate pharmaceutical exports. This appeal is part of the broader effort to strengthen trade ties, as highlighted in the joint […]
USIDFC and NIIF to set up $1 -billion fund to finance renewable energy projects Subject: Economy Section: National Economy Context: The United States International Development Finance Corporation (USIDFC) and India’s National Infrastructure Investment Fund (NIIF) are “working on the possibility of creating a fund” that would invest in renewable energy and green projects in […]