RBI keeps repo rate at 6.5%, raises GDP growth forecast Context The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) unanimously decided on Friday to keep key interest rates unchanged, raise its GDP growth projection for 2023-24 to 7% from 6.5%, and maintain its […]
₹2.23 lakh crore to buy 97 Tejas jets, 156 Prachand helicopters Context The Union government on Thursday gave preliminary approval to defense acquisition projects worth 2.23 lakh crore, including the purchase of 97 Tejas light combat aircraft and 156 Prachand combat helicopters, in a major […]
Kerala forms Organic Farming Mission to boost agriculture Context The Kerala government has established an Organic Farming Mission to promote the use of sustainable organic and climate-smart farming practices throughout the state. The goal seeks to grow organic farming to 5,000 hectares over the next […]
‘Only three e-com platforms have minimum wage policy’ Context A 12-e-commerce platform analysis paints a bleak picture of working circumstances for India’s gig workers, with only three of them employing a minimum pay policy. Policy on Minimum Wage: Only three of the twelve e-commerce platforms […]
80% of India’s urban population has access to high-speed Internet: PM Context On Friday, Prime Minister Narendra Modi praised telecom operators’ achievement in expanding 5G service in urban areas, claiming that more than 80% of India’s urban population now had access to high-speed technology. What […]
‘Super-rich’ incomes’ share ebbing amid middle-class mobility: CBDT Context The Central Board of Direct Taxes (CBDT) said on Thursday that India’s tax base has widened sharply since 2013-14, with individuals moving up the income ladder and the proportion of super-rich taxpayers’ incomes declining. This comes […]
Centre says measures in place to check price rise Context Union Food Secretary Sanjeev Chopra stated here on Thursday that the Center has implemented sufficient steps, such as extending the ban on sugar, wheat, and rice exports, to guarantee that the costs of these necessities […]
Centre raises MSP for Rabi crops, farmers unhappy Context For the financial year 2024–2025, the Cabinet Committee on Economic Affairs (CCEA) has raised the Minimum Support Prices (MSP) for all Rabi crops. The main Rabi crop, wheat, will now cost ₹2,275 per quintal, an increase […]
GST Council affirms 28% tax on online betting from Oct. 1 Context The Goods and Services Tax (GST) Council resolved several lingering issues on Saturday, including lowering the tax rates on some millet-based products, adjusting the age-related requirements for members of the eagerly anticipated GST […]
Karnataka facing green drought: Minister Context The State government has urged the Centre’s drought review committee to examine the impact of rainfall scarcity on agriculture rather than arriving at a conclusion based on standing crops as it begins its tour of 13 drought-affected districts in […]