Challenges to Fiscal Federalism in India

Challenges to Fiscal Federalism in India Context: With coming in of the GST regime, the states have lost their revenue generating capacity and with waning away of the Planning Commission, there are apprehensions about the weakening of the principle of Fiscal Federalism in India. Background: […]

Despite Pressures, the Rupee’s Remarkable Resilience

Despite Pressures, the Rupee’s Remarkable Resilience For Mains Causes for depreciation of Rupee Widening current account deficit, persistent risk-off sentiment as a result of geopolitical tensions, ‘a strengthening dollar index, and continuous sell-off by foreign portfolio investors. The dollar has strengthened against all currencies, developed […]

The Cost of Misrepresenting Inflation

The Cost of Misrepresenting Inflation For Mains What is the issue? Despite the sharp recovery from pandemic, real output in 2021-22 was barely higher than in the pre-pandemic year of 2019-20 in India. What is causing inflation in India? It is a common mistake to […]

Current Account Deficit (CAD)

Current Account Deficit (CAD) Context: The Finance Ministry has asserted that the current account deficit (CAD) deteriorate this year mainly due to rising trade deficits. What is CAD? A current account deficit occurs when the total value of goods and services a country imports exceeds the […]

Sovereign Gold Bond

Sovereign Gold Bond Context: The Government of India has notified that the Sovereign Gold bonds are open for subscription. The issue price of the Sovereign Gold Bond during the subscription period will be Rs.5091. About Sovereign Gold Bond The Sovereign Gold Bond is issued by […]

Repo Rate & Its Implications

Repo Rate & Its Implications Context: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday voted unanimously to increase the policy repo rate by 50 basis points to 4.90%. The interest rate has been increased keeping in mind the rising […]

State of the Textile Industry

State of the Textile Industry   Context: • South Asia has been the leading player in the global textile industry in the recent past, with lower production costs it has made the production of the textiles very cost competitive. Background: • As mentioned above South […]

Indian Oil Imports

Indian Oil Imports Context: • India buys most of its oil from West Asia but now USA has emerged as the fourth biggest source for importing oil. • This is in context at a time when Russian oil is under heavy sanctions and Asian nations […]