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 […]
MGNREGS audit crosses 50% of local bodies in just six States Context Only six of the 34 states and union territories have completed a social audit of work done under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in more than half of the […]
Subsidies to spur growth for now Context Subsidies and the rural employment guarantee plan in India are predicted to surge ahead of the 2024 Lok Sabha elections, possibly at the expense of public capex outlays, while private investments are expected to bounce post-poll, according to […]
Jaishankar hopes FTA talks will find a ‘landing point Context As India and the United Kingdom continue to negotiate a trade agreement, which was expected to be completed by Deepavali 2022, External Affairs Minister (EAM) S. Jaishankar expressed hope that the two nations will be […]
October gross GST collections climb to ₹1.72 lakh crore Context In October, India’s gross Goods and Services Tax (GST) receipts increased at a 10-month high rate of 13.4%, reaching the second-highest monthly tally of 1.72 lakh crore. What is the background behind the GST? […]
7.5% dip in active workforce under MGNREGS, says study Context According to a data analysis conducted by LibTech India, a consortium of academics and activists, the number of active workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has decreased by 7.5% from […]
Centre approves ₹22,303-cr. subsidy on key fertilizers Context The government said on Wednesday that farmers will continue to receive the essential soil nutrient DAP (di-ammonium phosphate) at the previous rate of ₹1,350 per bag (50 kg) and that they would receive a ₹22,303-crore subsidy […]
FM stresses the urgent need for reliable crop yield estimates Context: On Tuesday, Nirmala Sitharaman, the minister of finance and corporate affairs, made a compelling case for producing real-time forecasts of likely yields for all crucial crops, starting with the pulses and oilseeds that India […]
India-Middle East-EU corridor to have multiple routes, but hurdles remain Context Officials said many details are still being ironed out days after India, the United States, Saudi Arabia, the United Arab Emirates, and other countries launched the India-Middle East-Europe Economic Corridor (IMEC), and multiple route […]
Goods trade deficit hits a 10-month high Context In August, India’s foreign trade hit a new low, with goods exports falling for the seventh consecutive month, services exports falling for the first time in well over a year, and the goods trade deficit reaching a […]